Quarterly ResultMay 18, 2026, 09:32 AM
Baidu Q1 Revenue $4.65B; Core AI Business Up 49% YoY
AI Summary
Baidu announced its first quarter 2026 financial results, with total revenue reaching RMB 32.1 billion ($4.65 billion), a 2% decrease quarter over quarter. The company's Core AI-powered Business revenue grew significantly by 49% year over year to RMB 13.6 billion, now representing 52% of Baidu General Business revenue. AI Cloud Infra revenue surged 79% year over year, and Apollo Go's fully driverless rides increased over 120% year over year.
Key Highlights
- Baidu Core AI-powered Business revenue RMB 13.6 billion, up 49% year over year.
- Total revenue RMB 32.1 billion ($4.65 billion), decreasing 2% quarter over quarter.
- AI Cloud Infra revenue RMB 8.8 billion, up 79% year over year.
- Apollo Go delivered 3.2 million fully driverless rides, up over 120% year over year.
- Non-GAAP net income attributable to Baidu RMB 4.3 billion ($628 million).
- Operating cash flow was RMB 2.7 billion ($387 million).
- Returned $172 million to shareholders through share repurchases.
Price Impact
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