Cheetah Mobile reports flat Q1 revenue, but robotics and AI infrastructure growth helped narrow net losses.
Stock Earnings Results
June 10, 2026
Table of Contents
June 10, 2026
Cheetah Mobile Inc. (NYSE: CMCM) reported first-quarter 2026 results with flat total revenue, strong growth in robotics and AI infrastructure services, and a narrower net loss.
Cheetah Mobile is a China-based technology company focused on AI, robotics, internet services, cloud services, and enterprise AI applications.
Total revenue was RMB259.0 million, or $37.5 million, roughly flat from the prior-year quarter.
The strongest area was Robotics and Others, where revenue increased 175.9% year-over-year to RMB51.2 million. That segment accounted for 19.8% of total revenue.
Cloud and AI infrastructure services revenue increased 68.3% year-over-year to RMB46.8 million, helped by enterprise demand for AI agent products, token usage, and cloud computing resources.
Internet Services revenue declined 15.2% to RMB135.0 million, mainly due to a 46.3% drop in online advertising revenue. Global Enterprise Services revenue fell 10.5% to RMB72.8 million, pressured by a decline in advertising agency services tied to policy shifts from a major global advertising platform.
Net loss attributable to Cheetah Mobile shareholders narrowed to RMB17.5 million from RMB33.4 million a year earlier. Non-GAAP net loss also improved to RMB11.7 million from RMB21.1 million.
Cheetah ended the quarter with RMB1.28 billion, or $185.6 million, in cash and cash equivalents, plus RMB692.2 million in long-term investments.
Management said the company continues to focus on practical AI applications, workflow integration, and enterprise productivity.
Cheetah highlighted EasyClaw, its AI agent platform for enterprise productivity scenarios, along with other AI agent products. The company said growing adoption of AI agents is also supporting demand for cloud and AI infrastructure services.
Cheetah Mobile’s quarter showed a company still transitioning.
Legacy internet advertising remains under pressure, but robotics, AI agents, and cloud infrastructure are growing quickly. The narrower net loss and strong cash position give the company room to keep investing, but investors will likely want to see whether AI and robotics can become large enough to drive consistent overall revenue growth.
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