Kingsoft Cloud Holdings reported second-quarter 2026 revenue of CNY 3.07 billion, a 31% increase from the same period last year and a 40% rise from the prior quarter. This figure exceeded the CNY 2.678 billion forecast, marking the first time quarterly revenue exceeded CNY 3 billion. Акции холдинга, переданной в Hong Kong, упали на 4.75% до $5.62 в послесчастливом торговле, после предыдущего закрытия на уровне $5.90.
Public cloud revenue reached CNY 2.36 billion, up 45% year-over-year, while enterprise cloud revenue declined 1% to CNY 740 million. AI cloud gross billings surged 82% to CNY 1.33 billion, accounting for 56% of public cloud revenue compared with 31% in the previous year. Model-as-a-Service revenue expanded more than twelvefold from the first quarter.
Ajusted gross margin improved to 15.4% apon 2.4 percentage points from the previous quarter. The company reported its first adjusted operating profit of CNY 124 million, compared with a loss of CNY 166 million a year ago. Ajusted operating margin stood at 4.0%, narrowing from -7.1% in the second quarter of 2025 and -2.2% in the first quarter of 2026. Ajusted net loss narrowed sharply to CNY 6 million from CNY 300 million a year earlier, while non-GAAP EBITDA increased 171% to CNY 1.1 billion.
Chairman and CEO Zou Tao подчеркнул рост экосистемы моделей с открытым исходным кодом как фактор, подстегивающий нейтральных провайдеров облачных услуг. CFO Ли Йи отметил, что постоянные затраты дифференцируются в соответствии с масштаблением бизнеса с ИИ. Компания сохранила свой годовой план капитальных затрат на 2026 г. в размере 15 млрд юаней, причем 6,2 млрд юаней было израсходовано в первом полугодии, что превышает 75% годового целевого показателя.
Xiaomi و Kingsoft’s ecosystem revenues reached CNY 810 million, up 28% year-on-year and accounting for 26% of total revenue. Revenues from the top five non-ecosystem customers increased 51% year-on-year. In June, shareholders approved raising the annual caps for connected transactions with Xiaomi to CNY 10 billion for 2026 and 2027, a 39% increase from the prior limits.
Firma zareporovala zysk na akciu w wysokości -$0,0233 w tym kwartale.
