Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported first-quarter fiscal 2026 results on Wednesday, with revenue rising year over year and topping analyst estimates as demand for AI-related cloud services accelerated.
AI Cloud Demand Drives Kingsoft Cloud Revenue Growth
The company reported quarterly revenue of 2.70 billion Chinese yuan ($391.96 million), up 37.2% from a year earlier and above the analyst consensus estimate of $324.78 million.
Growth was driven by higher contributions from Xiaomi Corp. (OTC:XIACY) and Kingsoft ecosystems, AI-related customers, and deeper penetration into enterprise cloud customers.
Revenue declined 2.1% from the previous quarter, primarily due to seasonal weakness in the enterprise cloud segment.
