---
title: "Kingsoft Cloud surges 10% on record Q2 revenue, AI cloud revenue up 82%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296440733.md"
description: "Q2 revenue hit record RMB 3.07 billion, up 31%. AI cloud revenue surged 82%. First positive GAAP operating profit."
datetime: "2026-08-20T05:56:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296440733.md)
  - [en](https://longbridge.com/en/news/296440733.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296440733.md)
generator: "portal-rs"
---

# Kingsoft Cloud surges 10% on record Q2 revenue, AI cloud revenue up 82%

Kingsoft Cloud (3896.HK) surged 10% during regular trading to HK$6.185 in Hong Kong trading.

The company reported second-quarter 2026 results with record revenue of **RMB 3.072 billion**, up **30.8%** year-over-year. AI cloud computing revenue reached **RMB 1.33 billion**, surging **82%** and accounting for **56%** of public cloud revenue. Public cloud revenue grew **45.1%** year-over-year.

Adjusted gross margin expanded to **15.4%**, and the company posted its first-ever positive GAAP operating profit. Net loss narrowed sharply to **RMB 92.98 million** from **RMB 456.9 million** a year earlier.

Jefferies raised its price target on the US-listed shares to **$17.70** and maintained a buy rating, citing second-quarter revenue in line with expectations and adjusted EBITDA above forecasts. The broker expects revenue growth to accelerate in the second half with continued margin improvement.

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