---
title: "Kingsoft Cloud surges 10% on record Q2 revenue and first operating profit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296440691.md"
description: "Kingsoft Cloud Q2 revenue hit record RMB 3.07B, +30.8%; AI billing +82%; first GAAP operating profit; Jefferies hikes PT to $17.70"
datetime: "2026-08-20T05:55:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296440691.md)
  - [en](https://longbridge.com/en/news/296440691.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296440691.md)
generator: "portal-rs"
---

# Kingsoft Cloud surges 10% on record Q2 revenue and first operating profit

Kingsoft Cloud (3896.HK) climbed more than **10%** in Hong Kong trading Thursday to HK$**6.20**.

The cloud-services provider posted record quarterly revenue of **RMB 3.07 billion** for the second quarter, up **30.8%** year-on-year. AI cloud billing revenue surged **82%** to **RMB 1.33 billion**, accounting for **56%** of public-cloud revenue. Adjusted gross margin widened to **15.4%**, and the company reported its first-ever positive GAAP operating profit.

The net loss narrowed **79.6%** to **RMB 93 million**. First-half revenue rose **33.7%** to **RMB 5.78 billion**, while adjusted EBITDA more than doubled, climbing **155%** to **RMB 1.85 billion**.

Jefferies maintained a buy rating on Kingsoft Cloud's U.S.-listed shares and raised its price target to **$17.70**, citing expanding AI revenue contribution and improving profitability as key growth drivers.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**