The company reported a $0.12 EPS beat and 30.8% year-over-year revenue growth, driven by strong AI cloud demand.
Kingsoft Cloud posted Q2 revenue of $452.75M, exceeding estimates by $4.17M and marking a 30.8% increase year-over-year. GAAP EPS matched expectations at $0.00, beating by $0.12.
The company highlighted an 82% year-over-year surge in gross billings from its AI cloud business, which now accounts for 56% of public cloud revenue. Adjusted gross profit also improved, reflecting operational efficiency gains.
Shares may react positively to the earnings beat and accelerating AI-driven growth, though broader market conditions remain a factor.