The eve of the AI application explosion: KINGSOFT CLOUD (03896) sees strong growth driven by full-stack AI in its intelligent computing cloud.

On August 19, KINGSOFT CLOUD (03896, KC.US) released its Q2 2026 financial report. The report shows that KINGSOFT CLOUD's Q2 revenue reached 3.07 billion yuan, a year-on-year increase of 30.8%. Among this, public cloud revenue amounted to 2.36 billion yuan, growing by 45.1% year-on-year. AI cloud billing revenue surged by 82% year-on-year to 1.33 billion yuan, accounting for 56% of public cloud revenue. The industry cloud generated revenue of 710 million yuan. Demand for AI across various industries continues to rise. Leveraging its first-mover advantage in intelligent computing and the implementation of full-stack AI capabilities in vertical areas, KINGSOFT CLOUD has achieved comprehensive coverage of diversified scenarios, building up sustainable growth momentum. In the fields of government cloud and state-owned assets cloud, this quarter KINGSOFT CLOUD, in collaboration with Beijing Kingsoft Office Software, Inc. and Peoples Daily Media Technology Co., Ltd., officially launched a new generation of government AI integrated machine. With AI + authoritative review as the core upgrade direction, the solution integrates authoritative content review + intelligent office + domestic security foundation, providing an integrated AI document solution for government agencies, public institutions, and state-owned enterprises tailored to administrative scenarios. In the field of digital health, the company-led national key R&D program, "Cloud-based Integrated Vision-Audio-Tactile Multimodal Interactive Feedback High-Fidelity Smart Virtual Surgery Key Technology Development and Demonstrative Application," successfully passed its comprehensive performance evaluation. In the enterprise services sector, a project cooperation agreement was signed with Cloud Gansu, allowing both parties to leverage KINGSOFT CLOUD's full lifecycle service capabilities in privatized cloud platforms to conduct integrated cooperation in "investment, construction, and operation." During the quarter, KINGSOFT CLOUD also achieved business breakthroughs in internet services, embodied intelligence, intelligent driving, and advanced research institutions and laboratories. Deep cooperation was established with national-level leading research institutes and laboratories to provide stable and reliable large model services; large-scale computing clusters were delivered to leading clients in embodied intelligence and autonomous driving; and relying on large model services, top clients in the gaming sector were assisted in enhancing their intelligent interaction experience. In addition, KINGSOFT CLOUD's Xingliu platform MaaS services have connected with multiple commercial internet clients, offering high concurrency and low-latency model services.