SharonAI Q2 2026: $8.8B TCV, $1.9B Cash, Revenue Up 412%, but $430M Net Loss Driven by Convertible Note Fair Value Hit
SHAZ has more than doubled off its 52-week low of $16.55.
Summary
SharonAI's Q2 2026 results showcase an $8.8B total contract value, $1.9B in cash, and a 412% revenue jump, but a $430M net loss driven by a non-cash convertible note fair value adjustment. The company is well-funded and has secured massive customer commitments for its AI cloud buildout.
Key Events · Earnings and Guidance · SHAZ
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Q2 Revenue Surges 412% to $1.9M
Revenue hit $1.9M, up from $0.4M a year ago, driven by early AI cloud deployments. Gross profit swung to $1.2M from a loss.
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$430M Net Loss Is Non-Cash Accounting
The $430.4M net loss includes a $400.4M non-cash fair value loss on convertible notes due to share price appreciation. Adjusted EBITDA was positive $0.6M, up from -$1.7M.
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Total Contract Value Reaches $8.8B
TCV hit $8.8B as of August 6, 2026, anchored by a $4.9B six-year NVIDIA collaboration and multiple take-or-pay contracts with global AI labs and platforms.
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Cash Position Strengthens to $1.9B
Cash and equivalents stood at $1.9B at June 30, 2026, following a $1.6B oversubscribed financing in June, providing ample runway for the AI factory buildout.
Analysis · SHAZ · Technology
SharonAI's second quarter reveals a company in hyper-growth, with revenue surging 412% to $1.9M and total contract value reaching $8.8B, anchored by a $4.9B NVIDIA deal. The balance sheet is fortress-like, holding $1.9B in cash after a $1.6B raise. Yet the reported $430M net loss is almost entirely non-cash—a $400M fair value loss on convertible notes driven by the stock's appreciation, not operational weakness. Adjusted EBITDA turned positive at $0.6M. The real story lies in the massive contracted pipeline: 212MW of secured capacity, 64,000+ GPUs expected by mid-2027, and a string of multi-billion-dollar take-or-pay contracts that de-risk the buildout. This filing confirms the company has the capital and customer commitments to execute on its AI infrastructure vision, though the headline GAAP loss may spook uninformed investors.
At the time of this filing, SHAZ was trading at $54.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $2B. The 52-week trading range was $16.55 to $97.48. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.