Baidu Inc - ADR

Baidu Inc - ADR

BIDU

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Market Cap$46.02B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Baidu Inc - ADRBaidu Inc - ADR879.9--4%0.50.4

Earnings Call Q1 2026

May 18, 2026 - AI Summary

AI is now the core growth engine (and majority of revenue mix) - Total revenue: RMB 32.1B (-2% QoQ, -? YoY not stated for total), but Baidu General Business returned to growth: RMB 26.0B (+2% YoY, ~flat QoQ). - Core AI-powered business: >50% of General Business revenue for the first time, at RMB 13.6B (+49% YoY). This is the clearest “inflection” investors should take away. - AI Cloud Infra and AI applications combined: RMB 11.3B in Q1, reinforcing that AI is shifting from “investment” to “material revenue.”
AI Cloud Infra momentum is accelerating—especially inference + GPU Cloud - AI Cloud Infra revenue: +79% YoY (accelerated growth vs broader market). - Within AI Cloud Infra: - GPU Cloud: +184% YoY (accelerating from already strong prior quarter +143%). - Management attributed demand strength to both training and faster-growing inference workloads, with inference taking a growing share. - MoS (model serving) traction: - External token consumption rose to ~7x YoY daily average by March. - Tianfan MoS expanded model library quickly beyond ERNIE to models like DeepSeek, GLM, MiniMax, Kimi, etc. - Compute capacity / supply constraints: management said demand remains strong but supply is relatively tight; they are expanding capacity and improving resource efficiency to support growth.
Margin outlook: structural improvement expected via mix shift (GPU Cloud + apps) - CFO highlighted that as AI businesses scale up, they are expected to contribute both revenue growth and margin expansion over time. - Key margin drivers investors heard: - GPU Cloud structurally higher margins than CPU Cloud (complexity, barriers, stability/availability valued by customers, and cost optimization room via full-stack + Kunlunxin). - AI applications expected to be “naturally higher-margin” with operating leverage. - Corporate levers: cost optimization, improved server utilization, and internal productivity gains from using AI. - Near-term financial tone: operating efficiency improved—non-GAAP operating income for Baidu General Business RMB 4.0B (+39% QoQ); operating cash flow positive at RMB 2.7B (3rd consecutive quarter).

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$150.75

Target Price by Analysts

11.8% upsideBaidu Target Price DetailsTarget Price
$171.05

Current Fair Value

26.9% upside

Undervalued by 26.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$46.02 Billion
Enterprise Value$55.31 Billion
Dividend Yield$- (-)
Earnings per Share$13.28
Beta0.52
Outstanding Shares340,125,000

Return

Return on Equity-4.19%ROE
Return on Assets-2.51%
Return on Invested Capital24.80%

Valuation & Multiples

P/E Ratio879.9P/E Ratio
PEG-940.54PEG
Price to Sales0.45Price to Sales
Price to Book Ratio1.09Price to Book Ratio
Enterprise Value to Revenue0.55
Enterprise Value to EBIT4.21
Enterprise Value to Net Income-34
Total Debt to Enterprise0.25
Debt to Equity0.35Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 20, 2026
EPS Estimate
$1.69
Average shareholder expectation
Revenue Estimate
$4.57 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 19, 2026
EPS Estimate
$1.91
Average shareholder expectation
Revenue Estimate
$4.93 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9147▲ 13.10%
Total Calls9,011,176▼ 46.52%
Total Puts8,242,100▼ 37.58%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %11.58%▼ 3.65%
Total Invested$6.13B▼ 9.26%
Investors Holding555▼ 42.00%

ESG Score

No data

About Baidu Inc

CEO: Yanhong Li

Relevant Senate Committees

Finance

As a powerful economic committee, its control over taxation and trade policy is critically important for a major foreign (Chinese) tech company like Baidu, directly impacting its profitability, market access, and international operations through tariffs or tax structure changes.

Judiciary

This committee's oversight of antitrust laws, intellectual property, and the DOJ is critically relevant for tech companies. Potential antitrust actions, intellectual property disputes, or merger regulations could directly impact Baidu's operations, expansion, or competitive landscape.

Select Committee on Intelligence

Given Baidu's status as a major Chinese tech company, this committee's oversight of the Intelligence Community, classified briefings on global threats, and cybersecurity concerns creates high informational asymmetry risks directly relevant to national security assessments of foreign technology.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, the FCC, and FTC, directly impacting 'Big Tech' through potential privacy laws, net neutrality regulations, and telecommunications oversight, all of which are central to Baidu's operations.

Foreign Relations

As a major Chinese tech company, Baidu is highly susceptible to U.S. foreign policy, sanctions legislation, and diplomatic tensions, which can directly affect its market access, supply chains, and global valuation.