Kingsoft Cloud grows revenue and Goldman targets Kingsoft Cloud stock

Published on 10/05/2026 at 01:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached RMB 5.776 billion, up 33.70 percent year over year. Six analysts set a USD 16.67 average target for Kingsoft Cloud stock.

KC, US49639K1016, Illustration mit AI erstellt.

Kingsoft Cloud (ISIN US49639K1016) reported first-half revenue of RMB 5.776 billion, up 33.70 percent year over year, for the six months ended June 30, 2026, while MarketBeat reports that Goldman Sachs set a USD 18.00 target for the stock on September 1, 2026.

Public cloud leads revenue growth

The interim results published by Futubull on September 21, 2026, show public cloud revenue of RMB 4.354 billion in the first half of 2026. Industry cloud revenue added RMB 1.422 billion, giving the company two distinct growth engines.

AI demand is central to that split. Futubull said the company continued upgrading AI infrastructure and its product portfolio during the reporting period.

Loss narrows as investment rises

Kingsoft Cloud reduced its first-half net loss to RMB 437 million, down 43.50 percent from RMB 773 million a year earlier, according to Futubull. Non-GAAP EBITDA rose 155.00 percent to RMB 1.848 billion, compared with RMB 725 million in the prior-year period.

The improvement came alongside heavy infrastructure spending. Capital expenditures and acquired leased assets totaled RMB 6.242 billion in the first half of 2026, exceeding the period's RMB 5.776 billion revenue and highlighting the cost of expanding AI capacity.

Analyst targets exceed the Nasdaq quote

MarketBeat reported on September 19, 2026, that four of six analysts rated Kingsoft Cloud Buy, while one recommended Hold and one Sell. The average 12-month target was USD 16.67 against a recent share price of USD 9.92, making profitability and capital intensity important counterweights to the AI growth narrative.

The next reporting date is November 25, 2026, according to Investing.com. That update should show whether stronger cloud demand is translating into further operating improvement after the first-half loss reduction.

Nasdaq range spans USD 8.35 to USD 18.52

On Nasdaq, KC was last at USD 9.00 on October 2, 2026 at 4:00 p.m. ET. The 52-week range was USD 8.35 to USD 18.52 and market capitalization was USD 2.7 billion as of October 2, 2026.