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The Zacks Consensus Estimate for BIDU’s third-quarter revenues is pegged at $4.61 billion, indicating 5.18% year-over-year growth.
The consensus mark for earnings is pegged at 85 cents per share, revised downward by 40.1% over the past 30-day period. The estimate indicates a 45.51% year-over-year decline.
BIDU beat the Zacks Consensus Estimate for earnings twice in the trailing four quarters while missing the same twice, with an average negative surprise of 0.71%.
Let us see how things have shaped up for the upcoming announcement.
Baidu’s third-quarter 2026 results are expected to reflect a familiar tug-of-war between rapidly scaling AI infrastructure and a still-shrinking advertising franchise.
AI Cloud Infra is likely to have been the key growth engine. The unit’s second-quarter revenues jumped 50% year over year to RMB 7.3 billion, while GPU Cloud revenues soared 283%, up from 184% in the first quarter. Management indicated that AI Cloud Infra was expected to sustain strong growth through the second half, with potential for further acceleration. Kunlunxin’s M100 inference chip and the upcoming M-series product were expected to have deepened Baidu’s full-stack positioning, although constrained computing supply across the market might have capped incremental gains.
Advertising was the primary headwind. Online marketing revenues fell 19% in the second quarter, and the Legacy Business declined 23%. Management guided for advertising pressure to persist in the second half as Baidu prioritized the AI search transformation over near-term monetization. Intensifying AI chatbot competition for user attention is likely to have weighed further. Positively, AI-native Marketing Services grew 11% sequentially in the second quarter, and Baidu App’s 644 million MAUs offered a sizable base.
AI Applications, which grew just 3% in the second quarter, are expected to have benefited from Miao Da, DuMate’s enterprise edition and digital humans, but their contribution is likely to have remained modest.
Apollo Go is expected to have shown recovery after regulatory-related operational adjustments in some domestic cities limited second-quarter rides to roughly one million. Affected operations resumed by August. In July, Apollo Go launched fully driverless commercial operations in Dubai, began open-road testing in London with Uber and Lyft, and started fully driverless testing on Hong Kong’s Airport Island. In August, Apollo Go rides became available on Uber in Dubai.
Capex is likely to have stayed elevated. Second-quarter capex nearly tripled year over year to RMB 11.4 billion, pushing free cash flow to about negative RMB 8 billion. Management reiterated its commitment to keep investing decisively in AI while maintaining ROIC and cash-flow discipline, implying rising depreciation could have pressured margins. iQIYI, whose revenues fell 5% in the second quarter, is expected to have remained a drag.
On the corporate front, shareholders approved the Hong Kong primary conversion on Aug. 26, which took effect on Aug. 31. In September, Baidu’s shares were included in the Shanghai- and Shenzhen-Hong Kong Stock Connect programs, broadening its investor base.
What Our Model Says About BIDU Stock
Our proven model does not conclusively predict an earnings beat for Take-Two this time around. According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as you can see below.
MNDY has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell) at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
Hewlett Packard (HPE - Free Report) presently has an Earnings ESP of +2.64% and a Zacks Rank #2. HPE’s shares have surged 109.2% year to date. HPE is set to report its fourth quarter of fiscal 2026 results on Nov. 23. You can see the complete list of today’s Zacks #1 Rank stocks here.
Analog Devices (ADI - Free Report) currently has an Earnings ESP of +2.23% and carries a Zacks Rank #3. ADI’s shares have gained 50.9% year to date. NVDA is set to report its fourth quarter of fiscal 2026 results on Nov. 24.
Broadcom (AVGO - Free Report) currently has an Earnings ESP of +1.86% and carries a Zacks Rank #3. AVGO’s shares have lost 0.3% year to date. AVGO is set to report its fourth quarter of fiscal 2026 results on Dec. 9.
View the Zacks #1 Rank List
Image: Bigstock
Baidu to Report Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Baidu (BIDU - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 16, 2026.
The Zacks Consensus Estimate for BIDU’s third-quarter revenues is pegged at $4.61 billion, indicating 5.18% year-over-year growth.
The consensus mark for earnings is pegged at 85 cents per share, revised downward by 40.1% over the past 30-day period. The estimate indicates a 45.51% year-over-year decline.
BIDU beat the Zacks Consensus Estimate for earnings twice in the trailing four quarters while missing the same twice, with an average negative surprise of 0.71%.
Let us see how things have shaped up for the upcoming announcement.
Baidu, Inc. Price and EPS Surprise
Baidu, Inc. price-eps-surprise | Baidu, Inc. Quote
Key Factors Expected to Shape BIDU's Q3 Results
Baidu’s third-quarter 2026 results are expected to reflect a familiar tug-of-war between rapidly scaling AI infrastructure and a still-shrinking advertising franchise.
AI Cloud Infra is likely to have been the key growth engine. The unit’s second-quarter revenues jumped 50% year over year to RMB 7.3 billion, while GPU Cloud revenues soared 283%, up from 184% in the first quarter. Management indicated that AI Cloud Infra was expected to sustain strong growth through the second half, with potential for further acceleration. Kunlunxin’s M100 inference chip and the upcoming M-series product were expected to have deepened Baidu’s full-stack positioning, although constrained computing supply across the market might have capped incremental gains.
Advertising was the primary headwind. Online marketing revenues fell 19% in the second quarter, and the Legacy Business declined 23%. Management guided for advertising pressure to persist in the second half as Baidu prioritized the AI search transformation over near-term monetization. Intensifying AI chatbot competition for user attention is likely to have weighed further. Positively, AI-native Marketing Services grew 11% sequentially in the second quarter, and Baidu App’s 644 million MAUs offered a sizable base.
AI Applications, which grew just 3% in the second quarter, are expected to have benefited from Miao Da, DuMate’s enterprise edition and digital humans, but their contribution is likely to have remained modest.
Apollo Go is expected to have shown recovery after regulatory-related operational adjustments in some domestic cities limited second-quarter rides to roughly one million. Affected operations resumed by August. In July, Apollo Go launched fully driverless commercial operations in Dubai, began open-road testing in London with Uber and Lyft, and started fully driverless testing on Hong Kong’s Airport Island. In August, Apollo Go rides became available on Uber in Dubai.
Capex is likely to have stayed elevated. Second-quarter capex nearly tripled year over year to RMB 11.4 billion, pushing free cash flow to about negative RMB 8 billion. Management reiterated its commitment to keep investing decisively in AI while maintaining ROIC and cash-flow discipline, implying rising depreciation could have pressured margins. iQIYI, whose revenues fell 5% in the second quarter, is expected to have remained a drag.
On the corporate front, shareholders approved the Hong Kong primary conversion on Aug. 26, which took effect on Aug. 31. In September, Baidu’s shares were included in the Shanghai- and Shenzhen-Hong Kong Stock Connect programs, broadening its investor base.
What Our Model Says About BIDU Stock
Our proven model does not conclusively predict an earnings beat for Take-Two this time around. According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as you can see below.
MNDY has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell) at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
Hewlett Packard (HPE - Free Report) presently has an Earnings ESP of +2.64% and a Zacks Rank #2. HPE’s shares have surged 109.2% year to date. HPE is set to report its fourth quarter of fiscal 2026 results on Nov. 23. You can see the complete list of today’s Zacks #1 Rank stocks here.
Analog Devices (ADI - Free Report) currently has an Earnings ESP of +2.23% and carries a Zacks Rank #3. ADI’s shares have gained 50.9% year to date. NVDA is set to report its fourth quarter of fiscal 2026 results on Nov. 24.
Broadcom (AVGO - Free Report) currently has an Earnings ESP of +1.86% and carries a Zacks Rank #3. AVGO’s shares have lost 0.3% year to date. AVGO is set to report its fourth quarter of fiscal 2026 results on Dec. 9.