Kingsoft Cloud (NASDAQ:KC) reported stronger first-quarter 2026 revenue as demand for artificial intelligence-related cloud services accelerated, with management saying AI cloud became the majority contributor to the company’s public cloud services revenue for the first time.
Chairman and CEO Tao Zou said total revenue reached RMB 2.7 billion in the quarter, up 37.2% year over year. Public cloud revenue rose 47.5% to RMB 2.0 billion, while enterprise cloud revenue increased 14.7% to RMB 710 million. Adjusted gross profit was RMB 351 million, and adjusted EBITDA reached RMB 748 million, with an adjusted EBITDA margin of 27.6%, according to Zou.
