BIDU Baidu (BIDU) Q2 FY26 earnings call
Baidu delivered resilient Q2 results characterized by deep transformation across its full AI stack, as AI-powered businesses accounted for half of General Business revenue. While legacy advertising faces cyclical and structural pressure from deliberate AI monetization restraint, rapid expansion in GPU Cloud, proprietary silicon adoption, and global driverless commercialization support a long-term AI-first thesis.
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BIDU operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Employees Baidu Core | ~31KBaidu Core had approximately 31,000 employees as of December 31, 2024.Source: earnings call transcript | ~31KBaidu Core had approximately 31,000 employees as of June 30, 2025.Source: earnings call transcript | ~31KBaidu Core had approximately 31,000 employees as of September 30, 2025.Source: earnings call transcript | — | — | — | — |
| Monthly active users (MAU) Baidu App | — | 735MIn June, Baidu App's MAU reached 735 million representing a 5% year-over-year growth.Source: earnings call transcript | 708MIn September, Baidu App MAU reached 708 million, up 1% year-over-year.Source: earnings call transcript | ~700MDuring the Chinese New Year, we moved quickly to embrace the latest AI agent innovation by integrating OpenClaw, a recently popular open source agent framework directly into Baidu app with one-click access, enabling our users to immediately benefit from cutting-edge agentic AI capabilities with an MAU of around 700 million.Source: earnings call transcript | — | — | — |
| Employees Baidu General Business | — | — | — | ~29KBaidu General business had approximately 29,000 employees as of December 31, 2025.Source: earnings call transcript | ~28KBaidu General business had approximately 28,000 employees as of March 31, 2026.Source: earnings call transcript | ~27KBaidu General Business had approximately 27,000 employees as of June 30, 2026.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.