Kingsoft Cloud Reports 33.7% Revenue Growth in H1 Driven by AI Demand
Kingsoft Cloud reported a 33.7% year-over-year revenue increase to 5.776 billion RMB for the first half of the year ending June 30, 2026. The company also significantly reduced its pre-tax loss by 45.5% to 415 million RMB. This growth highlights how the rising demand for AI infrastructure and cloud services is directly boosting the financial performance of cloud providers. It also underscores the strategic importance of ecosystem synergies, particularly with Xiaomi and Kingsoft. Public cloud services revenue surged 46.2% to 4.354 billion RMB, while industry cloud services grew 6.1% to 1.422 billion RMB. Gross profit also saw a 23.6% increase, reaching 812 million RMB.
## BACKGROUND
Kingsoft Cloud is a prominent Chinese cloud computing company that provides public cloud and enterprise cloud services. As artificial intelligence technologies advance, cloud providers are upgrading their infrastructure to support high-performance computing and AI model training, which has become a primary driver of industry growth.