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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kingsoft Cloud
Kingsoft Cloud (KC) investor relations material
Kingsoft Cloud Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary19 Aug, 2026
Executive summary
Achieved record quarterly revenue of RMB 3.072 billion in Q2 2026, up 31% year-over-year, driven by strong AI cloud growth and improved profitability.
AI cloud gross billings surged 82% year-over-year, now representing 56% of public cloud revenue.
Adjusted gross margin rose to 15.4%, and operating profit turned positive for the first time, with a 4% adjusted operating margin.
Customer base diversified across internet, AI labs, fintech, gaming, and public sector, supporting resilience and pricing power.
Net loss narrowed significantly to RMB 93 million, a 79.6% improvement year-over-year.
Financial highlights
Total revenue reached RMB 3,072 million, up 31% year-over-year and 40% quarter-over-quarter.
Public cloud revenue was RMB 2,358 million, up 45% year-over-year; enterprise cloud revenue was RMB 740 million, down 1% year-over-year.
Adjusted gross profit was RMB 472 million, up 35% year-over-year; adjusted gross margin improved to 15.4%.
Adjusted operating profit was RMB 124 million, reversing a loss of RMB 166 million a year ago.
Non-GAAP EBITDA profit was RMB 1,100 million, up 171%, with a margin of 35.8%.
Outlook and guidance
Full-year CapEx guidance maintained at RMB 15 billion, with over 75% already capitalized in the first half.
Continued investment in AI infrastructure and product expansion to capture AI demand and improve operating efficiency.
Expecting strong delivery pipeline in enterprise cloud for the second half, with business model shift to operating-based services.
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Latest events from Kingsoft Cloud
- AI-driven revenue jumped 37.2% year-over-year, with margin gains but higher costs and risks.KC
Q1 2026 - Record Q4 revenue and AI demand drove higher margins, improved profitability, and strong outlook.KCQ4 2025
- AI-driven revenue rose 31.4% year-over-year, with margins and profitability reaching new highs.KCQ3 2025
- Revenue up 24.2% YoY, AI billings surged 120%, EBITDA up, but net loss widened.KCQ2 2025
- Double-digit revenue and AI growth, margin expansion, and strong cash flow in Q3 2024.KCQ3 2024
- AI-driven growth, record gross margin, and positive EBITDA highlight a transformative Q2 2024.KCQ2 2024
- AI-driven revenue up 11% year-over-year, with margin gains and AI now 39% of public cloud sales.KCQ1 2025
- Record Q4 revenue, first non-GAAP operating profit, and AI business up 500% drive growth.KCQ4 2024
Next Kingsoft Cloud earnings date
Q3 202624 Nov, 2026
Kingsoft Cloud
Next Kingsoft Cloud earnings date
Q3 202624 Nov, 2026
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Frequently asked questions
Kingsoft Cloud Holdings Limited, established in 2012, provides comprehensive cloud services, primarily targeting businesses and organizations in China. The company offers a wide range of cloud products including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). These products cover various domains such as cloud computing, network, database, big data, security, storage, and delivery solutions. Kingsoft Cloud also delivers specialized services to various industries like video, e-commerce, intelligent mobility, artificial intelligence, and mobile internet, as well as enterprise solutions for financial services, public service, and healthcare sectors. The company is headquartered in Beijing, China, and its shares are listed on the NASDAQ and the Hong Kong Stock Exchange.