Kingsoft Corporation Limited (3888) Earnings Call Transcripts

Kingsoft Corporation Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, Kingsoft Corporation Limited reported revenue of RMB 2.02 billion, a 3% year-over-year increase, driven primarily by a 24% rise in its office software and services segment. However, the online games segment saw a significant decline, with revenue dropping 22% year-over-year. Management signaled a cautious outlook for the gaming division, indicating a potential recovery in Q3 and Q4 2026, while maintaining a strong focus on AI enhancements across its core business segments.

Reported metrics

Guidance from management

Management expects a recovery in the gaming segment by Q3 and Q4 2026, with continued investment in R&D and AI capabilities to drive future growth across all business segments.

What analysts pressed on

Analysts expressed concerns regarding the ongoing decline in online games revenue and the impact of rising costs on profitability. There were questions about the timeline for a recovery in gaming and the effectiveness of new game launches in driving revenue growth.

Main topics on the call

• Revenue Growth in Office Software — Kingsoft's office software and services segment achieved revenue of RMB 1.61 billion, reflecting a robust 24% year-over-year growth. Management noted, "The steady growth in WPS individuals business was primarily driven b...
• Decline in Online Games Revenue — The online games segment reported revenue of RMB 804 million, down 22% year-over-year, attributed to declines in existing games. Management acknowledged, "This trend is going to continue to the next section," indicating ...
• AI Integration and Future Growth — Kingsoft emphasized its commitment to AI, stating that enhancements in AI capabilities have driven growth in WPS AI monthly active users and paid conversion rates. Management expressed confidence in AI's role as a core g...
• Cost Increases Impacting Profitability — Operating profit before share-based compensation costs decreased by 26% year-over-year, reflecting rising costs in R&D and selling expenses. The management noted that R&D costs increased 40% year-over-year, indicating a ...

Read the full Kingsoft Corporation Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Kingsoft Corporation Limited earnings call transcripts on record, spanning March 24, 2020 to May 27, 2026. Based on this history, Kingsoft Corporation Limited reports quarterly. The most recent call on file is dated May 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

3888

Exchange

SEHK

Country

HK

Sector

Communication Services

Industry

Entertainment

Calls on record

24

First call

March 24, 2020

Most recent

May 27, 2026

Reporting cadence

quarterly