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Baidu Inc (DE:B1C)
NASDAQ:B1C
Earnings Data
Report Date
May 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.44Last Year’s EPS
2.29Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong and accelerating momentum across Baidu's AI initiatives — notably AI Cloud Infra (triple-digit subscription growth in Q4), expanding AI applications, rapid scaling and international expansion of Apollo Go, improving non-GAAP profitability, a large cash balance, and shareholder-friendly actions (USD 5B buyback and first dividend). Key near-term negatives include a 3% revenue decline for the full year, a sizeable RMB 16.2 billion impairment that drove a GAAP operating loss for 2025, higher cost of revenues and one-time operating expenses, and continued heavy AI investment commitments that pressure near-term returns. Overall, management presents a narrative of structural transition toward AI with strong growth signals and strategic moves to unlock value, while acknowledging one-time charges and execution risks.Company Guidance
Strong Q4 and AI-Powered Revenue Mix
Baidu General Business Q4 revenue: RMB 26.1 billion (company-stated for Baidu General Business); core AI-powered business revenue exceeded RMB 11 billion in Q4 and accounted for 43% of Baidu General Business revenue, signaling increasing contribution from AI.
Robust AI Cloud and Infrastructure Growth
AI Cloud Infra revenue reached ~RMB 20 billion for 2025, up 34% year-over-year; subscription-based revenue from AI accelerator infrastructure grew 143% year-over-year in Q4 and delivered triple-digit growth for full year 2025.
Full-Year Cloud and AI Application Scale
Combined cloud revenue (AI Cloud Infra + AI applications) reached RMB 30 billion for 2025; revenue from AI applications exceeded RMB 10 billion for the full year.
Apollo Go — Scale and Global Expansion
Apollo Go delivered 3.4 million fully driverless operational rides in Q4 and over 10 million fully driverless rides in 2025 alone; cumulative rides surpassed 20 million as of Feb 2026; total rides grew over 200% year-over-year; global footprint expanded to 26 cities with weekly peak fully driverless rides >300,000.
User and Product Engagement Metrics
ERNIE Assistant MAU exceeded 200 million in December; Baidu app MAU with OpenClaw integration ~700 million; AI search API call volume up >110% quarter-over-quarter; Miaoda/MeDo users created over 1 million AI applications as of early February.
Digital Humans and Cost Efficiency
Digital humans revenue up 110% year-over-year; number of digital humans live streaming rose nearly 200% year-over-year in December; production costs declined to roughly one-third of prior-quarter levels (≈66% reduction q/q), improving unit economics.
Improving Profitability on a Non-GAAP Basis and Cash Position
Q4 non-GAAP operating income: RMB 3.0 billion (non-GAAP operating margin 9%); non-GAAP operating income for full-year 2025: RMB 15.0 billion (non-GAAP operating margin 12%); total cash and investments as of Dec 31, 2025: RMB 294.1 billion; operating cash flow turned positive in Q3 and remained positive in Q4 (Q4 operating cash flow RMB 2.6 billion; combined ~RMB 3.9 billion for last two quarters).
Shareholder Returns and Strategic Value Unlocking
Announced USD 5 billion share repurchase program and introduced a first-ever dividend policy; proposed spin-off and separate listing of Kunlunxin (proprietary AI chip business) to unlock value.
Operational and Organizational Progress
Restructured model teams for ERNIE into two focused groups (foundation R&D and application-tailored models), formed Personal Super Intelligence Business Group (PSIG) to accelerate consumer AI app rollout, and reported continued enterprise traction across industries (financial services, telco, energy, gaming, embodied AI).
DE:B1C Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:B1C Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | €112.20 | €104.00 | -7.31% |
Nov 18, 2025 | €99.40 | €100.60 | +1.21% |
Aug 20, 2025 | €76.50 | €75.30 | -1.57% |
May 21, 2025 | €79.20 | €76.50 | -3.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Baidu Inc (DE:B1C) report earnings?
Baidu Inc (DE:B1C) is schdueled to report earning on May 27, 2026, After Close (Confirmed).
What is Baidu Inc (DE:B1C) earnings time?
Baidu Inc (DE:B1C) earnings time is at May 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Baidu Inc stock?
The P/E ratio of Baidu is N/A.
What is DE:B1C EPS forecast?
DE:B1C EPS forecast for the fiscal quarter 2026 (Q1) is 1.44.
