NASDAQ$KC
Kingsoft Cloud Holdings Ltd-ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Kingsoft Cloud reported strong Q2 2026 revenue growth driven by AI cloud services and achieved its first positive GAAP operating profit.
Kingsoft Cloud Holdings Limited announced unaudited financial results for the quarter ended June 30, 2026, with total revenues reaching a record RMB 3.072 billion, up 30.8% year-over-year. The company achieved positive GAAP operating profit of RMB 23 million for the first time and saw significant improvements in gross margin and adjusted profitability metrics, fueled by AI-related demand. Net loss narrowed substantially to RMB 93 million.
- Total revenues RMB 3,072.0 million, +30.8% YoY, driven by AI cloud services growth.
- First-time positive GAAP operating profit of RMB 23.0 million; non-GAAP operating profit RMB 124.0 million.
- Public cloud revenues RMB 2,357.6 million (+45.1% YoY); AI cloud gross billings RMB 1,327 million.
- Gross margin improved to 15.2%; non-GAAP EBITDA RMB 1,100.5 million with 35.8% margin.
Headline financials
Revenue & EPS history
Kingsoft Cloud · Revenue · Quarterly
¥456M
Revenue by segment
Kingsoft Cloud · ¥3.07B total across 2 segments · Q2 2026
- Public Cloud Services¥2.36B—76.7%
- Enterprise Cloud Services¥714M—23.3%
Forward guidance
Company remains committed to high-quality sustainable growth, AI infrastructure investments, and operational efficiency amid strong AI demand.
Tailwinds
- Strong AI cloud growth and improving profitability.
- Record revenue and first positive GAAP operating margin.
- Continued investment in computing power for long-term growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports
-2.8%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-5.5%
Avg return
30 days after
28%
5 / 18 earnings
Positive
+28.9%
Q4 2022
Best reaction
-17.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2024 | -8.8% | +2.3% | — | |
| Q4 2023 | +12.7% | -5.0% | -17.7% | |
| Q3 2023 | -13.5% | -15.8% | -31.4% | |
| Q2 2023 | +0.2% | -0.2% | -13.8% | |
| Q1 2023 | -15.8% | -20.2% | +35.6% | |
| Q4 2022 | +28.9% | +53.4% | -6.1% | |
| Q3 2022 | -8.4% | -4.4% | +1.5% | |
| Q2 2022 | -17.2% | -15.6% | -23.8% | |
| Q1 2022 | -2.0% | -9.1% | -13.5% | |
| Q4 2021 | -8.9% | +7.5% | -43.8% | |
| Q3 2021 | -8.6% | -10.5% | -21.2% | |
| Q2 2021 | +7.2% | +6.3% | +4.3% | |
| Q1 2021 | -0.4% | -3.4% | -10.5% | |
| Q4 2019 | +5.3% | +5.4% | -22.0% | |
| Q4 2020 | -4.0% | -8.2% | -12.1% | |
| Q3 2020 | -6.0% | -1.8% | +27.2% | |
| Q2 2020 | -1.9% | -0.6% | +12.7% | |
| Q1 2020 | -9.9% | -12.5% | +41.0% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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