Kingsoft Cloud (KC) surges 8.97% premarket on Q2 beat

KC Kingsoft Cloud Holdings Ltd ADR

$9.27 +3.00%

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DE -0.70% FUTU +7.37% LYTS -1.93%

1. 1Kingsoft Cloud (KC) shares jump 8.97% in premarket after Q2 results top estimates
2. 2Revenue 3.07B yuan (est. 3.03B, +30.8% YoY); adjusted EPS loss 0.02 yuan; first GAAP operating income of 23M yuan
3. 3AI cloud total billings rise 82% YoY, accounting for 56% of public cloud revenue

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