Financial Performance: Kingsoft Cloud reported a 24.2% year-over-year revenue increase for Q2 2025, reaching RMB2,349.2 million, driven largely by a 120% growth in AI-related business.
Public Cloud Services Growth: Revenue from public cloud services rose by 31.7% year-over-year to RMB1,625.3 million, attributed to increasing demand for AI infrastructure and products.
Operating Loss and Net Loss: The company experienced an operating loss of RMB327.0 million and a net loss of RMB456.9 million, both higher than the previous year's figures, primarily due to increased credit loss expenses and interest costs.
Cash Position Improvement: Cash and cash equivalents significantly increased to RMB5,464.1 million as of June 30, 2025, mainly due to a public equity offering and prepayments from strategic customers.
KC
$11.07+Infinity%1D
Analyst Views on KC
Wall Street analysts forecast KC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KC is 20.70 USD with a low forecast of 20.40 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast KC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KC is 20.70 USD with a low forecast of 20.40 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 10.840
Low
20.40
Averages
20.70
High
21.00
Current: 10.840
Low
20.40
Averages
20.70
High
21.00
Deutsche Bank
NULL -> Buy
initiated
$21
2025-09-16
Reason
Deutsche Bank
Price Target
$21
2025-09-16
initiated
NULL -> Buy
Reason
Deutsche Bank initiated coverage of Kingsoft Cloud with a Buy rating and $21 price target.
Deutsche Bank
Leo Chiang
initiated
$21
2025-09-16
Reason
Deutsche Bank
Leo Chiang
Price Target
$21
2025-09-16
initiated
Reason
As previously reported, Deutsche Bank analyst Leo Chiang initiated coverage of Kingsoft Cloud with a Buy rating and $21 price target. Kingsoft Cloud, as one of the "leading" cloud service providers in China with extensive cloud infrastructure and a comprehensive suite of cloud-based services and industry-specific solutions, is set to benefit from "explosive growth" in demand for AI computing and its strategic cooperation with key shareholders Xiaomi and Kingsoft Group, the analyst tells investors.
BofA
Daley Li
Neutral -> Buy
upgrade
2025-09-08
Reason
BofA
Daley Li
Price Target
2025-09-08
upgrade
Neutral -> Buy
Reason
BofA analyst Daley Li upgraded Kingsoft Cloud to Buy from Neutral with a price target of HK$10.60, up from HK$6.70. The post-Q2 upgrade comes given higher revenue growth visibility driven by AI and incremental demand from Xiaomi ecosystem; improving business quality; and improving profitability on operating leverage and stringent cost control with stable opex spending in the next few years, the analyst tells investors in a research note. The firm added that it expects Kingsoft to reach adjusted operating-level breakeven in FY27.
Daiwa
NULL -> Buy
initiated
$17
2025-06-21
Reason
Daiwa
Price Target
$17
2025-06-21
initiated
NULL -> Buy
Reason
Daiwa initiated coverage of Kingsoft Cloud with a Buy rating and $17 price target.
About KC
Kingsoft Cloud Holdings Ltd is a company mainly engaged in the provision of independent cloud services. The Company’s modularized cloud products include unified infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, software as a service (SaaS) applications, artificial intelligence (AI) capabilities and deployment services. The Company’s cloud products primarily consist of cloud computing, storage and delivery. The Company also designs industry-specific solutions covering a wide spectrum of industry verticals, including Internet, public service, healthcare, financial service and enterprise service and others. The Company’s end-to-end customer services cover planning, solution development, fulfillment and deployment, as well as ongoing maintenance and upgrade. The Company conducts its businesses in 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.
