Skip to main content
Grafa
Technology
Baidu Q2 revenue drops 4% to RMB31.3 billion
Image for illustrative purposes only. Not a real photo.

Baidu Q2 revenue drops 4% to RMB31.3 billion

Share
  • Baidu reported Q2 2026 revenue of RMB31.3 billion, down 4% year over year, as weaker advertising offset AI-related growth.
  • Revenue missed the RMB31.96 billion analyst consensus, while Baidu’s U.S.-listed shares fell 3.5% in premarket trading.
  • Baidu Core AI-powered Business revenue rose 25% to RMB12.5 billion, led by growth in AI Cloud infrastructure and GPU Cloud.

Baidu (NASDAQ:BIDU) reported Q2 2026 revenue of RMB31.3 billion, down 4% year over year and 2% sequentially.

Revenue missed analysts' RMB31.96 billion average estimate as weaker online advertising offset growth in AI-linked cloud services.

Baidu Core AI-powered Business revenue rose 25% to RMB12.5 billion, while AI Cloud Infra revenue increased 50% to RMB7.3 billion.

Operating income was RMB3 billion, net income reached RMB2.3 billion, and Baidu ended June with RMB283.1 billion in cash and investments.

Following the announcement, Baidu's share price was down 3.5% in premarket trading.

Baidu is pursuing a dual-primary Hong Kong listing conversion, with shareholders scheduled to consider related proposals on August 26, 2026.

Apollo Go expanded its international robotaxi footprint to 28 cities after reporting operations across 27 cities and 330 million autonomous kilometers in May.

Frequently asked questions