Cheetah Mobile (CMCM) Q1 2026 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: NASDAQ.COM
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About CMCM
Cheetah Mobile Inc is a holding company primarily engaged in the Internet business. The Company operates its businesses through two business segments. The Internet Business segment is primarily engaged in the provision of mobile advertising services to customers, as well as the sales of advertisements and referring to user traffic on mobile and personal computer (PC) platforms. The artificial intelligence (AI) and Others segment is primarily engaged in the provision of multi-cloud management platforms, overseas advertising agency services, and the sales and rental of service robots, as well as other AI related business. The Company conducts its businesses within the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cheetah Mobile (CMCM) Q1 2026 Earnings Transcript
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Cheetah Mobile Reports 176% Revenue Growth in Robotics Segment
- Robotics Segment Growth: Cheetah Mobile's revenue from the robotics and others segment surged 176% year-over-year to $51 million, indicating strong customer demand and market expansion potential, with expectations for continued growth throughout 2026.
- Cloud and AI Services Performance: Revenue from cloud and AI infrastructure services increased by 68% year-over-year, contributing 18% of total revenue, with partnerships with Google Cloud and AWS driving enterprise adoption of AI models, suggesting ongoing revenue growth.
- Financial Health: The company maintains a strong balance sheet with approximately $186 million in cash and cash equivalents and over $100 million in long-term investments, providing flexibility for sustainable investments in AI and robotics initiatives.
- Advertising Business Challenges: Policy changes from overseas advertising platforms negatively impacted the advertising agency business, affecting overall financial performance, and despite growth in new segments, the overall operating loss widened year-over-year, reflecting vulnerability to external market conditions.
See More
Cheetah Mobile Reports Q1 2026 Earnings
- Earnings Overview: Cheetah Mobile reported a non-GAAP EPS of -$0.06 for Q1 2026, indicating challenges in profitability, while revenue remained flat at $37.55 million year-over-year, reflecting competitive market pressures.
- Revenue Composition Shift: Revenue from robotics and other segments surged by 175.9% year-over-year, accounting for 19.8% of total revenue in the first quarter, suggesting that investments in emerging technologies are beginning to pay off and could drive future growth.
- Cash Position: As of March 31, 2026, the company held RMB 1,280.6 million (approximately $185.6 million) in cash and cash equivalents, providing a relatively strong financial cushion for future operations and investments, despite the need for overall financial improvement.
- Market Outlook: While current financial metrics are underwhelming, the robust growth in the robotics sector may present strategic transformation opportunities for Cheetah Mobile, particularly in a rapidly evolving technological landscape that could attract more investor interest.
See More
Cheetah Mobile Reports Q1 2026 Financial Highlights
- Robotics Segment Surge: Cheetah Mobile's robotics and others segment achieved a remarkable 175.9% year-over-year growth in Q1 2026, accounting for 19.8% of total revenue, indicating strong market demand and expansion potential in AI and robotics.
- Narrowing Operating Loss: The adjusted operating loss for Q1 was RMB 22.5 million (approximately USD 3.3 million), a reduction from RMB 14.3 million (approximately USD 2.1 million) in the same period last year, reflecting improvements in operational efficiency and commercial traction.
- Strong Cash Position: As of March 31, 2026, Cheetah Mobile reported cash and cash equivalents of RMB 1.28 billion (approximately USD 185.6 million), providing solid financial backing for long-term investments in AI and robotics initiatives.
- AI Platform Development: The company continues to advance its EasyClaw AI agent platform aimed at enhancing enterprise productivity, which is expected to further drive demand for AI infrastructure and cloud services, strengthening its competitive position in the rapidly evolving AI market.
See More
Cheetah Mobile Reports Q1 2026 Financial Highlights
- Robotics Revenue Surge: In Q1 2026, Cheetah Mobile's robotics and others segment revenue soared 175.9% year-over-year to RMB 51.2 million, accounting for 19.8% of total revenue, indicating strong market demand in AI and robotics.
- Cloud Services Growth: Revenue from cloud and AI infrastructure services increased by 68.3% year-over-year to RMB 46.8 million, contributing 64.3% of global enterprise services revenue, reflecting rising enterprise adoption of AI products that drive overall revenue growth.
- Stable Internet Value-Added Services: Internet value-added services revenue grew 8.2% year-over-year to RMB 98.3 million, representing 72.8% of internet services revenue, providing stable cash flow support despite a 15.2% decline in overall internet services revenue.
- Narrowed Net Loss: Cheetah Mobile reported a net loss of RMB 17.5 million in Q1 2026, significantly down from RMB 33.4 million in the same period last year, demonstrating progress in operational efficiency and cost control.
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Major Earnings Expected Before Bell on Wednesday
- Earnings Announcement: Major companies including Cheetah Mobile, Core & Main, Chewy, and J.Jill are set to report earnings on Wednesday, with market participants keenly anticipating their performance amid the current economic climate.
- Market Reaction: Investors will closely monitor these earnings reports to assess the companies' resilience in the face of economic fluctuations, particularly Chewy's performance in the pet industry, which could significantly impact its stock price.
- Industry Impact: The earnings reports from Cheetah Mobile and Chewy will provide critical performance benchmarks for the tech and consumer goods sectors, potentially influencing investor sentiment and market trends for related stocks.
- Investor Strategy: As earnings season approaches, investors may adjust their portfolios in response to the anticipated market volatility stemming from these reports, especially given the prevailing economic uncertainties.
See More
Cheetah Mobile (CMCM) Q1 2026 Earnings Transcript
See More
Cheetah Mobile Reports 176% Revenue Growth in Robotics Segment
- Robotics Segment Growth: Cheetah Mobile's revenue from the robotics and others segment surged 176% year-over-year to $51 million, indicating strong customer demand and market expansion potential, with expectations for continued growth throughout 2026.
- Cloud and AI Services Performance: Revenue from cloud and AI infrastructure services increased by 68% year-over-year, contributing 18% of total revenue, with partnerships with Google Cloud and AWS driving enterprise adoption of AI models, suggesting ongoing revenue growth.
- Financial Health: The company maintains a strong balance sheet with approximately $186 million in cash and cash equivalents and over $100 million in long-term investments, providing flexibility for sustainable investments in AI and robotics initiatives.
- Advertising Business Challenges: Policy changes from overseas advertising platforms negatively impacted the advertising agency business, affecting overall financial performance, and despite growth in new segments, the overall operating loss widened year-over-year, reflecting vulnerability to external market conditions.
See More
Cheetah Mobile Reports Q1 2026 Earnings
- Earnings Overview: Cheetah Mobile reported a non-GAAP EPS of -$0.06 for Q1 2026, indicating challenges in profitability, while revenue remained flat at $37.55 million year-over-year, reflecting competitive market pressures.
- Revenue Composition Shift: Revenue from robotics and other segments surged by 175.9% year-over-year, accounting for 19.8% of total revenue in the first quarter, suggesting that investments in emerging technologies are beginning to pay off and could drive future growth.
- Cash Position: As of March 31, 2026, the company held RMB 1,280.6 million (approximately $185.6 million) in cash and cash equivalents, providing a relatively strong financial cushion for future operations and investments, despite the need for overall financial improvement.
- Market Outlook: While current financial metrics are underwhelming, the robust growth in the robotics sector may present strategic transformation opportunities for Cheetah Mobile, particularly in a rapidly evolving technological landscape that could attract more investor interest.
See More
Cheetah Mobile Reports Q1 2026 Financial Highlights
- Robotics Segment Surge: Cheetah Mobile's robotics and others segment achieved a remarkable 175.9% year-over-year growth in Q1 2026, accounting for 19.8% of total revenue, indicating strong market demand and expansion potential in AI and robotics.
- Narrowing Operating Loss: The adjusted operating loss for Q1 was RMB 22.5 million (approximately USD 3.3 million), a reduction from RMB 14.3 million (approximately USD 2.1 million) in the same period last year, reflecting improvements in operational efficiency and commercial traction.
- Strong Cash Position: As of March 31, 2026, Cheetah Mobile reported cash and cash equivalents of RMB 1.28 billion (approximately USD 185.6 million), providing solid financial backing for long-term investments in AI and robotics initiatives.
- AI Platform Development: The company continues to advance its EasyClaw AI agent platform aimed at enhancing enterprise productivity, which is expected to further drive demand for AI infrastructure and cloud services, strengthening its competitive position in the rapidly evolving AI market.
See More
Cheetah Mobile Reports Q1 2026 Financial Highlights
- Robotics Revenue Surge: In Q1 2026, Cheetah Mobile's robotics and others segment revenue soared 175.9% year-over-year to RMB 51.2 million, accounting for 19.8% of total revenue, indicating strong market demand in AI and robotics.
- Cloud Services Growth: Revenue from cloud and AI infrastructure services increased by 68.3% year-over-year to RMB 46.8 million, contributing 64.3% of global enterprise services revenue, reflecting rising enterprise adoption of AI products that drive overall revenue growth.
- Stable Internet Value-Added Services: Internet value-added services revenue grew 8.2% year-over-year to RMB 98.3 million, representing 72.8% of internet services revenue, providing stable cash flow support despite a 15.2% decline in overall internet services revenue.
- Narrowed Net Loss: Cheetah Mobile reported a net loss of RMB 17.5 million in Q1 2026, significantly down from RMB 33.4 million in the same period last year, demonstrating progress in operational efficiency and cost control.
See More
Major Earnings Expected Before Bell on Wednesday
- Earnings Announcement: Major companies including Cheetah Mobile, Core & Main, Chewy, and J.Jill are set to report earnings on Wednesday, with market participants keenly anticipating their performance amid the current economic climate.
- Market Reaction: Investors will closely monitor these earnings reports to assess the companies' resilience in the face of economic fluctuations, particularly Chewy's performance in the pet industry, which could significantly impact its stock price.
- Industry Impact: The earnings reports from Cheetah Mobile and Chewy will provide critical performance benchmarks for the tech and consumer goods sectors, potentially influencing investor sentiment and market trends for related stocks.
- Investor Strategy: As earnings season approaches, investors may adjust their portfolios in response to the anticipated market volatility stemming from these reports, especially given the prevailing economic uncertainties.
See More
