Baidu Q2 Revenue 31.3B Yuan Slightly Misses Expectations, AI Business Over Half, GPU Cloud Surges 283% | Earnings Insights

Baidu's Q2 2026 revenue reached 31.3 billion yuan, with AI revenue accounting for 50%, but adjusted earnings per ADS of 7.22 yuan fell well short of expectations (9.75 yuan), indicating that AI investment continues to pressure profits. GPU cloud revenue surged 283% year-over-year as a key highlight, driving overall AI cloud growth of 50%. On the application side, the office product matrix expanded, and autonomous driving service Apollo Go accelerated overseas expansion.