Baidu Group-SW (BIDU-SW) announced its financial results for the first quarter of 2026. The company generated total revenue of RMB 32.1 billion, with Baidu Core revenue reaching RMB 26.0 billion. Net profit attributable to Baidu was RMB 3.4 billion, representing a net profit margin of 11%.
In Q1 2026, revenue from intelligent cloud infrastructure amounted to RMB 8.8 billion, marking a year-over-year increase of 79%. Revenue from GPU cloud services grew by 184% compared to the same period last year. Revenue from AI applications was RMB 2.5 billion, remaining largely stable year-over-year.
During the quarter, Apollo Go, Baidu's autonomous ride-hailing service, completed 3.2 million fully driverless orders. The peak weekly order volume in March exceeded 350,000. Total order volume saw an increase of over 120% year-over-year. As of April 2026, Apollo Go has provided more than 22 million autonomous ride-hailing orders to the public. By May 2026, its global footprint extended to 27 cities. To date, the Apollo Go fleet has accumulated over 330 million kilometers of autonomous driving, including more than 220 million kilometers in fully driverless mode, maintaining an excellent safety record.
AI-native marketing services revenue reached RMB 2.3 billion in Q1 2026, a 36% increase year-over-year. In March 2026, Baidu App's monthly active users reached 655 million.
"The first quarter marked a milestone where revenue from our core AI new businesses exceeded half of Baidu Core revenue for the first time, clearly indicating that AI has become Baidu's core growth driver. Supported by surging enterprise demand and the differentiated full-stack AI capabilities we have built over the years, intelligent cloud infrastructure showed particularly strong momentum. Our AI applications continue to gain recognition from both enterprise and individual users, further validating the commercial potential of our AI innovations. Meanwhile, Apollo Go sustained triple-digit growth in fully driverless ride-hailing orders and advanced its international expansion," said Robin Li, Co-founder and CEO of Baidu. "We expect AI to create more value for Baidu in the coming quarters."
"Key highlights for the first quarter include: revenue from Baidu's core AI new businesses surpassed RMB 13.6 billion, up 49% year-over-year. Total revenue from Baidu Core grew by 2% year-over-year, returning to positive growth. Non-GAAP operating profit for Baidu Core increased by 39% quarter-over-quarter to RMB 4.0 billion. Baidu's operating cash flow remained positive at RMB 2.7 billion in Q1, reflecting our improving operational efficiency and overall business health," stated Haijian He, Chief Financial Officer of Baidu.
