Cheetah Mobile Inc. reported second-quarter 2026 revenue of RMB266.1 million ($39.2 million), down 9.9% from a year earlier but up 2.7% sequentially. Cloud and AI infrastructure services revenue rose 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, accounting for 22.2% of total revenue. Robotics and others revenue increased 72.5% year over year to RMB54.5 million, helped by the contribution of UFACTORY, which Cheetah Mobile acquired on July 29, 2025. Advertising agency services revenue fell 70.0% to RMB22.0 million after changes to rebate policies by a major global advertising platform. The company recorded an operating loss of RMB33.6 million and a non-GAAP operating loss of RMB25.6 million. Internet Services remained profitable on an adjusted basis, with adjusted operating profit rising 67.2% sequentially to RMB25.4 million and its adjusted operating margin reaching 19.4%. Cheetah Mobile ended the quarter with RMB1,271.0 million ($187.3 million) in cash and cash equivalents.