Bond.az reports: Baidu Inc. (BIDU) reported Q1 2026 earnings, with AI-powered businesses becoming the primary revenue driver. Total revenue reached CNY 32.1 billion, despite a 2% sequential decline.
Core AI business surged 49% year-over-year. AI Cloud Infra revenue grew 79%, with GPU Cloud accelerating 184%. Apollo Go delivered 3.2 million fully driverless rides.
Stock traded at $135.33, down 7.17% for the week. Baidu's executives emphasized the significance of AI transformation, focusing on AI infrastructure and applications for future growth.
The company projects EPS increases in coming quarters, with FY2026 EPS forecast at $8.14 and FY2027 at $9.34.
