KINGSOFT CLOUD Q1 financial report: AI-driven scenario integration, smart cloud billing revenue reached 1 billion yuan.

On May 27th, KINGSOFT CLOUD (NASDAQ: KC, HKEX: 3896) released its Q1 financial report for 2026. The report showed that KINGSOFT CLOUD's Q1 revenue was 2.7 billion RMB, a year-on-year increase of 37.2%. Among them, the public cloud revenue was 2.0 billion RMB, an increase of 47.5% year-on-year. The revenue from the Smart Cloud Bill increased by 90.1% year-on-year, accounting for 50.1% of the public cloud revenue for the first time. The industry cloud revenue was 700 million RMB, an increase of 14.7% year-on-year. Currently, AI is deeply integrated into various industries, accelerating the landing of scenario-based applications. Benefiting from the company's continuous iteration in basic cloud and smart cloud, AI is becoming a new growth driver that runs through KINGSOFT CLOUD's various business lines. In the government cloud and state-owned cloud fields, in this quarter KINGSOFT CLOUD partnered with DeepSmart City Group to launch the state-owned cloud CLAW platform, providing comprehensive empowerment for state-owned enterprises' office, business, and management scenarios for digital upgrade; providing technical support for the Hubei Supply Chain Public Information Platform, currently supporting the cloud migration of platforms in multiple cities and counties. In the quarter, KINGSOFT CLOUD also achieved business breakthroughs in the areas of internet services, general models, embodied intelligence, and intelligent driving. They served several leading internet companies with large-scale Token services; successfully delivered a large-scale computing cluster to a unicorn autonomous driving company, helping with efficient iteration of its autonomous driving models; deeply empowering a leading customer in the AI for Science field, fully ensuring the rapid development of their new business and the smooth operation of the platform.