Hyperscaler capex

Baidu capex, CY2026 Q2

Baidu reported ¥11.4B of capex for CY2026 Q2, the quarter covering April to June 2026. That is +200% on the ¥3.8B of the same quarter a year earlier (CY2025 Q2).

Baidu sells AI cloud infrastructure and AI applications to businesses and operates search and advertising services. The capex figure is consolidated and includes iQIYI.

Capex, CY2026 Q2¥11.4B
Year on year+200%

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Verified

Every field, with its source

Source per value
Reported quarter
CY2026 Q2 1
Calendar quarter
2026 Q2 1
Quarter end
2026-06-30 1
Capex (CNY) (CNY million)
11,390 1
“(11,390)”
Capex definition
Baidu Inc. consolidated capital expenditures in the cash-flow/free-cash-flow reconciliation, including iQIYI; not cloud-only. 1

Sources

  1. Baidu investor relations: Baidu CY2026 Q2 accessed 2026-11-11

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