Baidu, Inc. (9888.HK)

Baidu’s adjusted EPS trailed consensus in the second fiscal quarter of 2026, and revenue fell 5% to about CNY 31.2 billion; the company reported the results on Aug. 18, 2026. The top line came in below about CNY 32.7 billion a year ago, with gross margin near 39% and operating margin near 10% as gross profit reached about CNY 12.2 billion and operating income about CNY 3.0 billion. Net income dropped 69% to about CNY 2.3 billion from about CNY 7.3 billion a year earlier, while adjusted EPS of CNY 1.05 trailed the CNY 1.36 estimate, -22.8%, and was down 58% from CNY 2.52 a year ago. Operating cash flow was about CNY 2.7 billion, and consensus for the next period calls for EPS of CNY 1.52.