Cloud infrastructure revenue
Cloud growth is expected to offset weakness in Baidu’s older advertising business.
Baidu reports its Q3 FY2026 results on 16 November 2026. Analysts expect earnings per share of 0.85 USD and revenue of 4.60B USD.
In Q2 FY2026, reported on 18 August 2026, Baidu earned 1.06 USD a share against the 1.51 USD analysts expected (-29.8%), on revenue of 4.61B USD against 4.68B USD (-1.4%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2028 | 1.52 | — | — | — | 5.74B | — | — | — | — | |
| Q4 FY2027 | 1.50 | — | — | +21.69% | 5.21B | — | — | +5.10% | — | |
| Q4 FY2026 | 1.23 | — | — | -18.78% | 4.96B | — | — | +5.91% | — | |
| Q3 FY2026 | 0.85 | — | — | -45.51% | 4.60B | — | — | +5.15% | — | |
| Q2 FY2026 | 1.51 | 1.06 | -29.80% | -44.21% | 4.68B | 4.61B | -1.43% | +1.07% | +2.5% | |
| Q1 FY2026 | 1.87 | 1.75 | -6.42% | -31.37% | 4.54B | 4.65B | +2.34% | +4.30% | +1.7% | |
| Q4 FY2025 | 1.39 | 1.52 | +9.35% | -42.21% | 4.67B | 4.68B | +0.24% | +0.15% | -0.5% | |
| Q3 FY2025 | 1.20 | 1.56 | +30.00% | -33.90% | 4.66B | 4.38B | -6.06% | -8.44% | +2.6% | |
| Q2 FY2025 | 1.74 | 1.90 | +9.20% | -34.26% | 4.33B | 4.56B | +5.26% | -2.30% | -2.6% | |
| Q1 FY2025 | 1.96 | 2.55 | +30.10% | -7.61% | 4.68B | 4.46B | -4.78% | -7.77% | -1.6% | |
| Q4 FY2024 | 1.97 | 2.63 | +33.50% | -14.61% | 4.57B | 4.67B | +2.18% | -5.29% | -7.5% | |
| Q3 FY2024 | 2.49 | 2.36 | -5.22% | -15.71% | 4.78B | 4.78B | +0.07% | +1.42% | -6.0% | |
| Q2 FY2024 | 2.68 | 2.89 | +7.84% | -7.07% | 4.70B | 4.67B | -0.73% | -0.67% | -4.4% | |
| Q1 FY2024 | 2.30 | 2.76 | +20.00% | +17.95% | 4.65B | 4.83B | +3.82% | +6.69% | -1.8% | |
| Q4 FY2023 | 2.75 | 3.08 | +12.00% | +39.37% | 4.91B | 4.93B | +0.47% | +2.15% | -1.9% | |
| Q3 FY2023 | 2.45 | 2.80 | +14.29% | +18.14% | 4.73B | 4.72B | -0.40% | +3.52% | — | |
| Q2 FY2023 | 2.57 | 3.11 | +21.01% | +31.78% | 4.57B | 4.70B | +2.90% | +6.26% | — | |
| Q1 FY2023 | 1.93 | 2.34 | +21.24% | +32.20% | 4.31B | 4.53B | +5.21% | +1.29% | — | |
| Q4 FY2022 | 2.14 | 2.21 | +3.27% | +21.43% | 4.65B | 4.83B | +3.79% | -7.02% | — | |
| Q3 FY2022 | 2.35 | 2.37 | +0.85% | +3.95% | 4.47B | 4.55B | +1.93% | -7.91% | — | |
| Q2 FY2022 | 1.63 | 2.36 | +44.79% | -1.26% | 4.03B | 4.42B | +9.85% | -8.75% | — | |
| Q1 FY2022 | 0.76 | 1.77 | +132.89% | -6.35% | 4.40B | 4.47B | +1.63% | +4.35% | — | |
| Q4 FY2021 | 1.38 | 1.82 | +31.88% | -40.91% | — | 5.20B | — | +12.07% | — | |
| Q3 FY2021 | 1.72 | 2.28 | +32.56% | -24.00% | 4.99B | 4.95B | -0.81% | +19.06% | -4.6% | |
| Q2 FY2021 | 1.93 | 2.39 | +23.83% | +14.90% | 4.78B | 4.85B | +1.48% | +31.47% | -4.5% | |
| Q1 FY2021 | 1.44 | 1.89 | +31.25% | +51.20% | 4.17B | 4.29B | +2.66% | +34.77% | +0.2% | |
| Q4 FY2020 | 2.51 | 3.08 | +22.71% | -19.16% | 4.65B | 4.64B | -0.23% | +10.63% | -3.5% | |
| Q3 FY2020 | 1.85 | 3.00 | +62.16% | +70.45% | 3.56B | 4.15B | +16.62% | +5.74% | — | |
| Q2 FY2020 | 1.39 | 2.08 | +49.64% | +41.50% | 2.44B | 3.69B | +51.06% | -3.75% | — | |
| Q1 FY2020 | 0.64 | 1.25 | +95.31% | +204.88% | 2.41B | 3.18B | +32.19% | -11.37% | — | |
| Q4 FY2019 | 3.71 | 3.81 | +2.70% | +98.44% | 3.99B | 4.19B | +5.01% | +0.88% | — | |
| Q3 FY2019 | 1.25 | 1.76 | +40.80% | -36.46% | 2.51B | 3.93B | +56.71% | -4.19% | — | |
| Q2 FY2019 | 0.94 | 1.47 | +56.38% | -53.77% | 3.22B | 3.83B | +18.88% | -2.33% | — | |
| Q1 FY2019 | 0.41 | 0.41 | 0.00% | -84.23% | 3.66B | 3.59B | -2.08% | +7.87% | — | |
| Q4 FY2018 | 1.69 | 1.92 | +13.61% | -16.16% | 3.62B | 4.15B | +14.82% | +16.17% | — | |
| Q3 FY2018 | 2.57 | 2.77 | +7.78% | -28.79% | 3.58B | 4.10B | +14.49% | +16.17% | +3.6% | |
| Q2 FY2018 | 2.63 | 3.18 | +20.91% | +34.75% | 2.99B | 3.92B | +31.06% | +27.70% | -7.8% | |
| Q1 FY2018 | 1.73 | 2.60 | +50.29% | +160.00% | 2.14B | 3.33B | +55.25% | +35.62% | +5.6% | |
| Q4 FY2017 | 2.05 | 2.29 | +11.71% | +19.90% | 3.32B | 3.58B | +7.76% | +36.46% | +4.2% | |
| Q3 FY2017 | 2.19 | 3.89 | +77.63% | +161.07% | 2.49B | 3.53B | +41.93% | +29.02% | -8.1% | |
| Q2 FY2017 | 1.42 | 2.36 | +66.20% | +93.44% | 1.98B | 3.07B | +55.48% | +11.80% | +9.4% | |
| Q1 FY2017 | 0.85 | 1.00 | +17.65% | -3.85% | 2.17B | 2.45B | +12.94% | +0.32% | -4.1% | |
| Q4 FY2016 | 0.93 | 1.91 | +105.38% | +461.76% | 2.59B | 2.62B | +1.32% | -9.03% | -5.2% | |
| Q3 FY2016 | 0.87 | 1.49 | +71.26% | +4.20% | 1.88B | 2.74B | +45.34% | -5.39% | +2.4% | |
| Q2 FY2016 | 0.94 | 1.22 | +29.79% | -32.60% | 2.74B | 2.75B | +0.29% | +2.83% | -3.6% | |
| Q1 FY2016 | 0.78 | 1.04 | +33.33% | -14.75% | 2.56B | 2.44B | -4.48% | +18.82% | +4.5% | |
| Q4 FY2015 | 1.01 | 0.34 | -66.34% | -78.88% | 2.49B | 2.88B | +15.74% | +25.37% | +9.8% | |
| Q3 FY2015 | 1.20 | 1.43 | +19.17% | -24.74% | 2.62B | 2.89B | +10.29% | +31.30% | +10.9% | |
| Q2 FY2015 | 1.80 | 1.81 | +0.56% | +11.04% | 2.77B | 2.67B | -3.60% | +38.40% | -15.0% | |
| Q1 FY2015 | 1.13 | 1.22 | +7.96% | -1.61% | 2.01B | 2.06B | +2.24% | +34.51% | -8.5% | |
| Q4 FY2014 | 1.61 | 1.61 | 0.00% | +17.52% | 2.46B | 2.30B | -6.63% | +49.18% | -4.5% | |
| Q3 FY2014 | 1.62 | 1.90 | +17.28% | +28.38% | 1.96B | 2.20B | +12.38% | +51.64% | +5.5% | |
| Q2 FY2014 | 1.24 | 1.63 | +31.45% | +33.61% | 1.57B | 1.93B | +22.90% | +57.31% | +10.9% | |
| Q1 FY2014 | 0.94 | 1.24 | +31.91% | +24.00% | 1.26B | 1.53B | +21.47% | +59.20% | +2.0% | |
| Q4 FY2013 | 1.38 | 1.37 | -0.72% | +4.58% | — | 1.54B | — | +53.21% | +3.5% | |
| Q3 FY2013 | 1.43 | 1.48 | +3.50% | +6.47% | — | 1.45B | — | +46.40% | +3.5% | |
| Q2 FY2013 | 1.21 | 1.22 | +0.83% | +528.22% | 1.22B | 1.23B | +0.44% | +43.03% | +11.0% | |
| Q1 FY2013 | 1.03 | 1.00 | -2.91% | +641.84% | — | 960.69M | — | +42.05% | -7.9% | |
| Q4 FY2012 | 1.28 | 1.31 | +2.34% | +797.26% | 1.02B | 1.01B | -1.80% | +42.87% | -10.1% | |
| Q3 FY2012 | 1.28 | 1.39 | +8.59% | +952.23% | 935.38M | 992.17M | +6.07% | +51.98% | -6.2% | |
| Q2 FY2012 | 0.17 | 0.19 | +11.74% | +73.70% | 764.79M | 857.99M | +12.19% | +62.49% | +7.3% | |
| Q1 FY2012 | 0.13 | 0.13 | +1.20% | +86.65% | 668.42M | 676.28M | +1.18% | +81.85% | -0.7% | |
| Q4 FY2011 | 0.14 | 0.15 | +1.11% | +91.75% | 702.31M | 703.63M | +0.19% | — | -3.5% | |
| Q3 FY2011 | 0.13 | 0.13 | +1.23% | +95.33% | 648.55M | 652.82M | +0.66% | — | +4.5% | |
| Q2 FY2011 | 0.10 | 0.11 | +9.07% | +116.58% | 481.94M | 528.03M | +9.56% | +87.04% | +5.0% | |
| Q1 FY2011 | 0.07 | 0.07 | +4.45% | +146.48% | 357.69M | 371.89M | +3.97% | +96.25% | -1.9% | |
| Q4 FY2010 | 0.07 | 0.08 | +11.10% | +189.07% | — | — | — | — | +9.3% | |
| Q3 FY2010 | 0.06 | 0.07 | +7.15% | +119.93% | — | — | — | — | +4.7% | |
| Q2 FY2010 | 0.05 | 0.05 | +12.56% | +120.41% | 245.92M | 282.31M | +14.80% | +76.13% | +1.6% | |
| Q1 FY2010 | 0.02 | 0.03 | +32.82% | +150.64% | 189.54M | 189.50M | -0.02% | +60.19% | +14.2% | |
| Q4 FY2009 | 0.02 | 0.03 | +6.42% | +50.43% | 174.30M | 1.66M | -99.05% | — | +10.8% | |
| Q3 FY2009 | 0.03 | 0.03 | +13.05% | +40.60% | 156.05M | 187.27M | +20.00% | +39.89% | -11.4% | |
| Q2 FY2009 | 0.02 | 0.02 | +12.16% | +45.74% | 137.66M | 160.28M | +16.43% | +37.39% | +7.7% | |
| Q1 FY2009 | 0.01 | 0.01 | +0.52% | +56.07% | 118.48M | 118.30M | -0.15% | +44.94% | -1.6% | |
| Q4 FY2008 | 0.02 | 0.02 | -7.50% | +40.19% | 142.55M | -123.98M | -186.98% | -267.08% | +3.5% | |
| Q3 FY2008 | 0.02 | 0.02 | +15.04% | +152.54% | 116.14M | 133.87M | +15.26% | +103.43% | -14.7% | |
| Q2 FY2008 | 0.01 | 0.02 | +13.89% | +140.57% | 106.65M | 116.66M | +9.39% | +122.39% | +16.1% | |
| Q1 FY2008 | 0.01 | 0.01 | -0.13% | +87.72% | 81.81M | 81.62M | -0.23% | +129.08% | +6.3% | |
| Q4 FY2007 | 0.01 | 0.01 | +21.38% | +105.77% | 56.79M | 74.21M | +30.66% | +114.45% | +1.3% | |
| Q3 FY2007 | 0.01 | 0.01 | +10.88% | +121.48% | 56.72M | 65.81M | +16.02% | +116.68% | +5.7% | |
| Q2 FY2007 | 0.01 | 0.01 | +24.86% | +152.08% | 42.29M | 52.46M | +24.03% | +118.61% | +14.1% | |
| Q1 FY2007 | 0.00 | 0.00 | +0.25% | +138.92% | 35.78M | 35.63M | -0.43% | +110.70% | +13.9% | |
| Q4 FY2006 | 0.00 | 0.01 | +41.16% | — | 28.76M | 34.60M | +20.30% | — | -7.7% | |
| Q3 FY2006 | 0.00 | 0.00 | +18.48% | +877.50% | 30.50M | 30.37M | -0.42% | +175.76% | -2.8% | |
| Q2 FY2006 | 0.00 | 0.00 | +13.73% | +341.67% | 24.05M | 24.00M | -0.21% | +184.59% | -20.9% | |
| Q1 FY2006 | 0.00 | 0.00 | -6.70% | — | 16.95M | 16.91M | -0.21% | — | +36.8% | |
| Q4 FY2005 | -0.00 | -0.00 | -22.16% | -1,375.00% | -20.03M | -19.97M | +0.30% | -662.25% | +5.9% | |
| Q3 FY2005 | 0.00 | 0.00 | +14.29% | +150.00% | 11.02M | 11.01M | -0.05% | +210.06% | -13.2% | |
| Q2 FY2005 | — | 0.00 | — | +275.00% | — | 8.43M | — | +137.38% | — | |
| Q4 FY2004 | — | 0.00 | — | — | — | 5.52M | — | +350.27% | — | |
| Q4 FY2004 | — | 0.00 | — | — | — | 3.55M | — | +189.50% | — | |
| Q3 FY2004 | — | 0.00 | — | — | — | 3.55M | — | +189.74% | — | |
| Q2 FY2004 | — | 0.00 | — | — | — | 3.55M | — | +189.92% | — | |
| Q4 FY2003 | — | 0.00 | — | — | — | 3.55M | — | +189.90% | — | |
| Q4 FY2003 | — | -0.00 | — | — | — | 1.23M | — | +0.15% | — | |
| Q3 FY2003 | — | -0.00 | — | — | — | 1.23M | — | — | — | |
| Q2 FY2003 | — | -0.00 | — | — | — | 1.23M | — | — | — | |
| Q4 FY2002 | — | -0.00 | — | — | — | 1.23M | — | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 7.99 | — | — | +22.00% | 22.49B | — | — | +10.31% |
| FY2027 | 6.55 | — | — | +22.97% | 20.38B | — | — | +6.27% |
| FY2026 | 5.33 | — | — | -29.23% | 19.18B | — | — | +6.10% |
| FY2025 | 7.76 | 7.53 | -2.98% | -29.23% | 18.45B | 18.08B | -1.99% | -4.64% |
| FY2024 | 9.86 | 10.64 | +7.87% | -6.09% | 18.20B | 18.96B | +4.17% | +0.41% |
| FY2023 | 10.71 | 11.33 | +5.81% | +30.08% | 19.05B | 18.88B | -0.88% | +3.28% |
| FY2022 | 8.19 | 8.71 | +6.38% | +3.94% | 17.71B | 18.28B | +3.22% | -5.15% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Cloud growth is expected to offset weakness in Baidu’s older advertising business.
Sources: https://research.ustigersecurities.com/reports/cmvqzty900006s65d68r4vl58
On average, analysts' EPS estimate was 17.3% off the result, either way, and their revenue estimate 2.3%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling Prep
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