Kingsoft Cloud Holdings (KC)
NASDAQ:KC
Earnings Data
Report Date
Jun 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial narrative: record quarterly revenue, very strong AI billing growth (+95% YoY), expanded public cloud revenue (+35% YoY), improving quarter-level profitability (positive adjusted operating profit and strong EBITDA) and a solid cash position with an explicit plan to scale CapEx in 2026. However, the company faces meaningful challenges: high related-party concentration with ecosystem partners, rising infrastructure and depreciation costs that compressed full-year gross margin, and some clarity issues in reported margin figures. Management is addressing these by expanding external customer traction, leveraging prepayments and leasing to fund CapEx, and pushing product/technical upgrades. Overall, the positive drivers (revenue growth, AI monetization, improving quarterly profitability and cash strength) outweigh the identified risks, though the concentration and cost pressures warrant monitoring.Company Guidance
Record Quarterly Revenue
Total revenue for Q4 FY2025 reached RMB 2,761 million, a year-over-year increase of 24%, representing a historical high quarterly revenue for the company.
Public Cloud and AI Revenue Surge
Public cloud services revenue was RMB 1,902 million in the quarter, up 35% year-over-year. Gross billing from the AI business reached RMB 926 million, up 95% year-over-year and representing 49% of public cloud services revenue for the quarter.
Improved Quarterly Profitability
Adjusted operating profit for the quarter was RMB 55 million (approximately a 2% operating margin), an increase of 124% from RMB 24 million in the same period last year. Non-GAAP EBITDA for the quarter was RMB 785 million (reported as 28% margin) and adjusted operating profit was positive for two consecutive quarters.
Strong Full-Year Growth and EBITDA Improvement
Full-year 2025 revenue was RMB 9,559 million, up 23% year-over-year. Adjusted gross profit rose 40% year-over-year to RMB 1,542 million. Adjusted EBITDA for FY2025 was RMB 2,336 million, up 266% year-over-year, with an adjusted EBITDA margin reported at 24% (improved from 8% last year).
Expanding Enterprise and External Customer Traction
Enterprise cloud revenue for the quarter was RMB 859 million, up 18% quarter-over-quarter. Top 5 non-ecosystem customers grew revenue 44% year-over-year. Management noted external customers (leading enterprises across high-growth industries) contributed around 70% of total revenue.
Healthy Cash Position and Capital Plan
Cash and cash equivalents were RMB 6,018 million at quarter-end. Management expects 2026 CapEx to exceed RMB 10 billion, with about half targeted to be covered by customer prepayments and a mix of leasing and credit facilities to preserve balance sheet flexibility.
Product, Technology and Key Commercial Wins
Operational highlights include delivery of a new inference cluster for a top video streaming platform serving over 100 million users, a major fintech customer for token-based inference, StarFlow platform upgrades (MCP, AI search), Galaxy Stack for private deployments, and breakthroughs in manufacturing and healthcare AI applications.
KC 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
KC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 25, 2026 | $13.87 | $14.80 | +6.71% |
Nov 19, 2025 | $12.45 | $12.38 | -0.56% |
Aug 20, 2025 | $13.62 | $13.80 | +1.32% |
May 28, 2025 | $12.90 | $11.88 | -7.91% |
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 (KC) report earnings?
Kingsoft Cloud Holdings (KC) is schdueled to report earning on Jun 10, 2026, Before Open (Confirmed).
What is Kingsoft Cloud Holdings (KC) earnings time?
Kingsoft Cloud Holdings (KC) earnings time is at Jun 10, 2026, 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 KC EPS forecast?
KC EPS forecast for the fiscal quarter 2026 (Q1) is -0.13.
