On May 27th, Kingsoft Cloud (03896; KC.US) released its financial results for the first quarter of 2026. The report indicates that the company's revenue for Q1 reached 2.70 billion yuan, marking a year-on-year increase of 37.2%. During the quarter, the company sustained a trajectory of high-quality growth, achieving adjusted gross profit of 350 million yuan, up 7.2% year-on-year. Adjusted EBITDA amounted to 750 million yuan, a significant increase of 134.7% compared to the same period last year. The adjusted EBITDA margin stood at 27.6%, representing an improvement of 11.4 percentage points year-on-year. Both public cloud and industry cloud services recorded year-on-year growth during the quarter. Specifically, public cloud revenue reached 2.00 billion yuan, a 47.5% increase year-on-year. Billings from intelligent computing cloud services grew by 90.1% year-on-year, accounting for over half of public cloud revenue for the first time at 50.1%. Industry cloud revenue was 700 million yuan, reflecting a year-on-year growth of 14.7%.