China's Kingsoft Q2 revenue rises 9% as office software growth offsets games decline

Kingsoft

19/08/2026 12:00

Overview
China office software and games firm's Q2 revenue rose 9% yr/yr to RMB 2.51 bln
Net profit attributable to owners of parent rose 3% yr/yr to RMB 548 mln
Office software and services revenue grew 25%, offsetting 15% decline in online games

Outlook
Kingsoft did not provide specific financial guidance for future quarters or the full yr

Result Drivers
AI-LED OFFICE GROWTH – Office revenue rose 25% to RMB1.7 bln, driven by AI integration, enterprise AI solutions and localization demand
EQUITY-INVESTMENT GAINS – Q2 joint ventures and associates swung to RMB514.9 mln of profit, primarily due to net unrealised gains on equity investments
EXISTING-GAME DECLINES – Online-games revenue fell 15% to RMB810.4 mln due to lower revenue from certain existing titles, partly offset by Goose Goose Duck

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
RMB 2.51 bln
 
Q2 Net Income Attributable
 
RMB 548 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Kingsoft Corporation Ltd is HK$31.00, about 21.3% above its August 19 closing price of HK$25.56
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)