The earnings call highlighted significant revenue growth driven by AI and strong performance in both public and enterprise cloud segments. However, the company faces pressure on gross margins, high CapEx, and supply chain uncertainties. While growth prospects remain positive, operational challenges persist.

Company Guidance

During the Kingsoft Cloud Second Quarter 2025 Earnings Conference Call, the company reported a revenue of RMB 2.35 billion, reflecting a year-over-year increase of 24%. Public cloud revenue rose significantly by 32% to RMB 1.63 billion, while enterprise cloud revenue climbed 10% to RMB 724 million. The AI segment showed robust growth, with AI gross billings reaching RMB 728 million, marking a 120% year-over-year increase and accounting for 45% of public cloud revenue. The company also highlighted strong growth from its Xiaomi and Kingsoft ecosystem, with revenue from this segment surging 70% year-over-year to RMB 629 million, contributing 27% to the total revenue. Kingsoft Cloud emphasized its strategy of embracing AI opportunities and enhancing its technical capabilities, which has driven incremental demand across various sectors including public services, healthcare, and enterprise services.

Strong Revenue Growth

Q2 revenue reached RMB 2.35 billion, representing a year-over-year growth of 24%, with public cloud revenue increasing by 32% to RMB 1.63 billion.

AI-Driven Success

AI gross billings reached RMB 728 million, a year-over-year increase of over 120% and a quarter-over-quarter growth of 39%, accounting for 45% of public cloud revenue.

Xiaomi and Kingsoft Ecosystem

Revenue from Xiaomi and Kingsoft ecosystem reached RMB 629 million, up 70% year-over-year, contributing 27% to total revenue.

Enterprise Cloud Growth

Enterprise cloud revenue reached RMB 724 million, a year-over-year increase of 10%, driven by demand for IT delivery services.

Financial Health

Non-GAAP EBITDA profit was RMB 406 million, increased by 5.7 times compared to the same quarter last year, with a margin of 73%.

Kingsoft Cloud Holdings Ltd (HK:3896) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HK:3896 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	-0.07 / -	-0.312	―	―	―
Aug 20, 2025	2025 (Q2)	-0.08 / -0.12	-0.098	-25.51% (-0.02)	―	―
May 28, 2025	2025 (Q1)	-0.04 / >-0.01	-0.007	14.29% (<+0.01)	―	―
Mar 19, 2025	2024 (Q4)	-0.05 / >-0.01	-0.087	95.40% (+0.08)	―	―
Nov 19, 2024	2024 (Q3)	-0.08 / -0.31	-0.24	-30.00% (-0.07)	―	―
Aug 20, 2024	2024 (Q2)	-0.06 / -0.10	-0.15	34.67% (+0.05)	―	―
May 22, 2024	2024 (Q1)	-0.07 / >-0.01	-0.189	96.30% (+0.18)	―	―
Mar 20, 2024	2023 (Q4)	-0.09 / -0.09	-0.011	-690.91% (-0.08)	―	―
Nov 21, 2023	2023 (Q3)	-0.09 / -0.24	-0.016	-1400.00% (-0.22)	―	―
Aug 22, 2023	2023 (Q2)	-0.11 / -0.15	-0.017	-782.35% (-0.13)	―	―

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

HK:3896 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	HK$7.58	HK$7.34	-3.17%
May 28, 2025	HK$6.83	HK$6.72	-1.61%
Mar 19, 2025	HK$9.70	HK$9.45	-2.58%
Nov 19, 2024	HK$2.28	HK$2.47	+8.33%

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 Kingsoft Cloud Holdings Ltd (HK:3896) report earnings?

Kingsoft Cloud Holdings Ltd (HK:3896) is schdueled to report earning on Nov 19, 2025, Before Open (Confirmed).

What is Kingsoft Cloud Holdings Ltd (HK:3896) earnings time?

Kingsoft Cloud Holdings Ltd (HK:3896) earnings time is at Nov 19, 2025, Before Open (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 Kingsoft Cloud Holdings Ltd stock?

The P/E ratio of Kingsoft Cloud Holdings Ltd is N/A.

What is HK:3896 EPS forecast?

HK:3896 EPS forecast for the fiscal quarter 2025 (Q3) is -0.07.

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