Kingsoft Cloud Announces RMB 15B Full-Year CapEx Base Case Amid 82% Growth in AI Cloud Billings
Kingsoft Cloud (NASDAQ: KC) reported strong financial performance for Q2 2026, with total revenue reaching a record high of RMB 3.07 billion, representing a year-over-year increase of 31%. The company's Chairman and Acting CEO Tao Zou highlighted the significant growth in AI cloud gross billings, which surged by 82% to reach RMB 1.33 billion during the quarter. In addition to its revenue performance, Kingsoft Cloud outlined a full-year capital expenditure (CapEx) base case of RMB 15 billion for 2026 as it continues to invest in infrastructure and AI capabilities.
Tickers: $KC