Kingsoft Cloud Reports Q1 Earnings: AI-Driven Deep Integration Across Scenes, Intelligent Computing Cloud Billings Reach RMB 10 Billion

Stock News05-27

On May 27, Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) released its Q1 2026 financial results. The report shows that Kingsoft Cloud's Q1 revenue reached RMB 2.70 billion, representing a year-over-year increase of 37.2%. Public cloud revenue amounted to RMB 2.00 billion, up 47.5% year-over-year. Billings from intelligent computing cloud services saw a substantial year-over-year increase of 90.1%, accounting for 50.1% of public cloud revenue and surpassing the halfway mark for the first time. Industry cloud revenue was RMB 700 million, reflecting a 14.7% year-over-year growth.

Artificial intelligence is currently undergoing deep integration with various industries, accelerating the implementation of scenario-based applications. Benefiting from the company's continuous iteration in both foundational cloud and intelligent computing cloud services, AI is emerging as a new growth driver permeating all of Kingsoft Cloud's business lines.

In the government cloud and state-owned enterprise cloud sectors, Kingsoft Cloud collaborated with Shenzhen Smart City Group this quarter to launch the state-owned enterprise cloud CLAW platform. This platform comprehensively empowers state-owned enterprises in their digital and intelligent upgrades across office, business, and management scenarios. The company also provided the technical foundation for the Hubei Supply Chain Public Information Platform, which currently supports the large-scale cloud migration of platforms across multiple cities, districts, and counties.

During the quarter, Kingsoft Cloud also achieved business breakthroughs in areas such as internet services, general-purpose models, embodied AI, and intelligent driving. The company served the large model token business for several leading internet enterprises and successfully delivered a large-scale computing cluster for a unicorn autonomous driving company, facilitating the efficient iteration of its autonomous driving models. Furthermore, Kingsoft Cloud provided deep empowerment for a leading client in the AI for Science field, comprehensively ensuring the rapid development of its new business and the stable operation of its platform.

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