Baidu Q2 revenue drops 4% to RMB31.3 billion

• 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.

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