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Kingsoft Cloud: Q1 Revenue Hits 2.703 Billion Yuan, Surging 37.2% Year-on-Year
17 hour ago /
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Author：小编
Kingsoft Cloud released a statement on the Hong Kong Stock Exchange, revealing that its total revenue for the first quarter of 2026 soared to 2.7037 billion yuan (equivalent to US$392.01 million). This marks a significant year-on-year increase of 37.2%, though it experienced a slight quarter-on-quarter dip of 2.1% when compared to the fourth quarter of 2025. The notable year-on-year growth was predominantly fueled by a surge in revenue stemming from the Xiaomi and Kingsoft ecosystems, as well as from customers engaged in AI-related endeavors and an intensified foray into industry cloud clients. On the other hand, the quarter-on-quarter decline can be largely ascribed to the seasonal fluctuations inherent in the industry cloud sector.
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