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An announcement from Baidu, Inc. Class A ( (HK:9888) ) is now available.
Baidu reported unaudited results for the first quarter of 2026, highlighting that revenue from its Core AI-powered Business surpassed half of Baidu General Business revenue for the first time, underscoring AI as the company’s primary growth engine. The firm saw strong momentum in AI Cloud Infra driven by rising enterprise demand, growing adoption of its AI applications among businesses and individuals, and continued triple-digit growth in fully driverless Apollo Go rides as it advances international expansion.
Financially, revenue from Baidu Core AI-powered Business exceeded RMB 13.6 billion, up 49% year over year, while total Baidu General Business revenue returned to positive territory with 2% growth. Non-GAAP operating income for Baidu General Business rose 39% quarter over quarter to RMB 4.0 billion and operating cash flow remained positive at RMB 2.7 billion, and Baidu also repurchased US$172 million of shares, as it strengthened its AI product lineup with the launch of ERNIE 5.1 and gained global recognition for Apollo Go and its ESG efforts.
The most recent analyst rating on (HK:9888) stock is a Buy with a HK$177.00 price target. To see the full list of analyst forecasts on Baidu, Inc. Class A stock, see the HK:9888 Stock Forecast page.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading Chinese AI company with a strong internet foundation, operating search, cloud infrastructure and AI applications, and listed on Nasdaq and the Hong Kong Stock Exchange. The company focuses on AI-powered services for enterprises and consumers, including cloud platforms and autonomous driving solutions such as its Apollo Go robotaxi service, and operates under a weighted voting rights share structure.
Average Trading Volume: 12,097,666
Technical Sentiment Signal: Buy
Current Market Cap: HK$375.4B
See more data about 9888 stock on TipRanks’ Stock Analysis page.