Kingsoft Cloud Q1 Revenue Surges 37.2%, Accelerating Growth Momentum

Stock News05-27

On May 27th, Kingsoft Cloud (03896; KC.US) released its financial results for the first quarter of 2026. The report indicates that the company's revenue for Q1 reached 2.70 billion yuan, marking a year-on-year increase of 37.2%. During the quarter, the company sustained a trajectory of high-quality growth, achieving adjusted gross profit of 350 million yuan, up 7.2% year-on-year. Adjusted EBITDA amounted to 750 million yuan, a significant increase of 134.7% compared to the same period last year. The adjusted EBITDA margin stood at 27.6%, representing an improvement of 11.4 percentage points year-on-year. Both public cloud and industry cloud services recorded year-on-year growth during the quarter. Specifically, public cloud revenue reached 2.00 billion yuan, a 47.5% increase year-on-year. Billings from intelligent computing cloud services grew by 90.1% year-on-year, accounting for over half of public cloud revenue for the first time at 50.1%. Industry cloud revenue was 700 million yuan, reflecting a year-on-year growth of 14.7%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment