The earnings call highlighted significant revenue growth driven by AI and ecosystem partnerships, alongside notable challenges in maintaining gross margins and potential future chip supply issues.

Company Guidance

During the Kingsoft Cloud Second Quarter 2025 Earnings Conference Call, the company reported a Q2 revenue of RMB 2.35 billion, marking a 24% year-over-year growth. Public cloud revenue surged by 32% to RMB 1.63 billion, while enterprise cloud revenue increased by 10% to RMB 724 million. AI gross billings reached RMB 728 million with a 120% year-over-year rise, accounting for 45% of public cloud revenue. The Xiaomi and Kingsoft ecosystem contributed RMB 629 million in revenue, a 70% increase from the previous year, comprising 27% of total revenue. The company outlined its strategic focus on AI, technological enhancements, and ecosystem partnerships to sustain growth. Despite some impact on the gross profit margin due to shifts in procurement models, the overall financial outlook for the second half of the year remains positive with expectations for stronger growth compared to the first half.

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 Business Expansion

AI gross billings reached RMB 728 million, marking 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 Success

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

Enterprise Cloud Growth

Revenue from enterprise cloud services reached RMB 724 million, showing a year-over-year increase of 10%.

Non-GAAP EBITDA Improvement

Non-GAAP EBITDA profit was RMB 406 million, a 5.7x increase from the same quarter last year, with a margin of 73%.

Kingsoft Cloud Holdings (KC) Earnings, Revenues Date & History

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KC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	-0.13 / -	-0.608	―	―	―
Aug 20, 2025	2025 (Q2)	-0.13 / -0.21	-0.188	-11.14% (-0.02)	―
May 28, 2025	2025 (Q1)	-0.08 / -0.01	-0.014	20.00% (<+0.01)	―
Mar 19, 2025	2024 (Q4)	-0.10 / >-0.01	-0.168	95.83% (+0.16)	―
Nov 19, 2024	2024 (Q3)	-0.15 / -0.61	-0.461	-31.82% (-0.15)	―
Aug 20, 2024	2024 (Q2)	-0.12 / -0.19	-0.294	35.86% (+0.11)	―
May 22, 2024	2024 (Q1)	-0.14 / -0.01	-0.357	96.08% (+0.34)	―
Mar 20, 2024	2023 (Q4)	-0.17 / -0.17	-0.02	-757.14% (-0.15)	―
Nov 21, 2023	2023 (Q3)	-0.18 / -0.46	-0.031	-1400.00% (-0.43)	―
Aug 22, 2023	2023 (Q2)	-0.21 / -0.29	-0.031	-854.55% (-0.26)	―

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

KC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	$13.62	$13.80	+1.32%
May 28, 2025	$12.90	$11.88	-7.91%
Mar 19, 2025	$18.09	$18.44	+1.93%
Nov 19, 2024	$4.34	$4.59	+5.76%

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.