US Stock Market Move | KINGSOFT CLOUD (KC.US) soared over 11%, with Q2 revenue growing by 30.8% year-on-year, setting a new historical high for a single quarter.

On Wednesday, KINGSOFT CLOUD (KC.US) surged over 11%, closing at $12.07. In news, on August 19, KINGSOFT CLOUD released its Q2 financial report for 2026. During the quarter, the company maintained a strong growth momentum. The financial report indicated that KINGSOFT CLOUD's Q2 revenue reached 3.07 billion yuan, setting a record for quarterly revenue with a year-on-year increase of 30.8%. In the quarter, public cloud services generated revenue of 2.36 billion yuan, a year-on-year increase of 45.1%. Among this, AI cloud billing revenue reached 1.33 billion yuan, up 82% year-on-year, accounting for 56% of public cloud revenue; industry cloud services generated revenue of 710 million yuan; adjusted gross margin rose to 15.4%, an increase of 2.4 percentage points quarter-on-quarter; adjusted operating profit margin reached 4.0%, achieving profitability at the operational level once again. During the quarter, revenue from Xiaomi and Kingsoft's ecosystem reached 810 million yuan, a year-on-year increase of 28.2%, accounting for 26.2% of total revenue. As ecosystem companies continue to strengthen in the AI field, the company will welcome more business growth opportunities.