Recent Updates — KC

Kingsoft Cloud Holdings Limited reported unaudited interim results for the six months ended June 30, 2026. Total revenues increased 33.7% year-over-year to RMB5,775.7 million (US$851.2 million), driven by a 46.2% surge in public cloud services and growth in enterprise cloud projects. Gross profit rose 23.6% to RMB812.0 million, though gross margin contracted slightly to 14.1%. The company significantly narrowed its net loss to RMB436.7 million from RMB773.0 million in the prior year period. Adjusted EBITDA more than doubled to RMB1,848.0 million, reflecting a margin expansion to 32.0%. Capital expenditures increased to RMB6,242.1 million as the firm expanded its AI infrastructure and server capacity. The Board did not recommend an interim dividend for the period. Kingsoft Cloud operates in the cloud computing industry, providing public and enterprise cloud services, including AI infrastructure and solutions.

Kingsoft Cloud Holdings Limited reported unaudited financial results for the quarter ended June 30, 2026. Total revenue reached a record RMB3,072.0 million (US$452.8 million), up 30.8% year-over-year and 13.6% sequentially. AI cloud gross billings grew 82% year-over-year to RMB1,327 million, representing 56% of public cloud revenue. The company achieved positive operating margin (GAAP) for the first time at 0.7%, with adjusted operating profit margin reaching 4.0%. Net loss narrowed by 79.6% year-over-year to RMB93.0 million. Capital expenditures, including capitalized assets through leasing arrangements, amounted to RMB3.3 billion in Q2. Kingsoft Cloud operates in the cloud computing industry, providing infrastructure and platform services.