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Cheetah Mobile (CMCM) AI Stock Analysis
Cheetah Mobile
(NYSE:CMCM)
The score is primarily held back by weak financial performance (persistent losses and renewed cash burn) and bearish technicals (trading below all key moving averages with negative MACD). The earnings call provides a partial offset via strong cloud/AI infrastructure momentum and upbeat 2026 growth targets, but profitability and segment pressures (advertising decline, widening operating loss, robotics investment losses) keep the overall risk/reward profile below average.
Cheetah Mobile Key Performance Indicators (KPIs)
Revenue By SegmentAnalyzes income from different business areas, highlighting which segments drive growth and profitability, and where the company might need to adjust strategy.
Cheetah Mobile’s revenue mix is shifting from legacy Internet services toward AI/cloud and robotics: recent reclassification exposes rapid commercial traction—robotics revenue surged and losses narrowed while cloud/AI consumption jumped—lifting their share of total revenue. Internet services remain cash‑generative but are slowing on ad headwinds. The strategic inflection is that management expects these high‑growth businesses to exceed half of revenue in H2 2026, which could meaningfully improve growth and revenue quality if execution and advertising risks are managed.
The FlyCheetah Mobile (CMCM) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.18M
- Dividend Yield
- ―
- Average Volume (3M)
- 11.33K
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- 1.67
- Revenue Growth
- 17.64%
- EPS Growth
- 32.94%
- Country
- US
- Employees
- 851
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Software - Application
Cheetah Mobile Business Overview & Revenue Model
Company Description
Cheetah Mobile Inc., a global internet firm with operations spanning China, the U.S., Japan, and other international regions, was incorporated in 2009 and is headquartered in Beijing, People's Republic of China. The company rebranded to its current n...
Cheetah Mobile Earnings Call Summary
The call was broadly positive, driven by rapid growth in cloud and AI infrastructure, strong robotics revenue growth, the launch of smart mobility products, improved Internet-services margins and a substantial cash position. The main negatives were the sharp decline in advertising agency revenue, wider company-level operating losses, lower Internet and Global Enterprise Services revenue, and continued investment-stage losses in robotics. Management nevertheless emphasized ongoing business-mix improvement, enterprise AI demand and a path toward better robotics economics.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects gross billings from services of cloud and AI infrastructure to exceed RMB 2 billion in 2026, representing year-over-year growth of over 100%, and expects related revenue to exceed RMB 200 million, representing year-over-year growth of over [ 59% ]; smart mobility products weighing less than 16 kilograms can operate for approximately 10 hours under specified conditions, and the company plans to turn early progress into more shipments, more customers, and repeat business, move Robotics and others toward breakeven, keep Internet and Global Enterprise Services profitable and efficient on an adjusted operating basis, and continue improving the economics of Robotics and others, while noting that single quarter profit “may not take long” but is not the current priority.
Cheetah Mobile Financial Statement Overview
Summary
Mixed fundamentals: revenue growth has re-accelerated and gross margin improved strongly, and leverage is minimal. However, net losses persist through 2025 with negative EBIT, and operating cash flow/free cash flow turned negative again in 2024–2025, which materially weakens overall financial quality.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
34Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.12B | 1.15B | 806.88M | 669.50M | 884.07M | 784.62M |
| Gross Profit | 754.93M | 834.03M | 545.20M | 437.56M | 631.50M | 526.96M |
| EBITDA | -14.93M | 9.36M | -232.91M | -174.57M | -172.57M | -178.75M |
| Net Income | -314.10M | -257.71M | -617.56M | -602.90M | -513.48M | -351.13M |
Balance Sheet | ||||||
| Total Assets | 4.64B | 4.68B | 5.50B | 5.63B | 5.14B | 4.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 1.52B | 1.83B | 2.02B | 1.67B | 1.85B |
| Total Debt | 2.90M | 15.24M | 74.80M | 35.99M | 41.47M | 48.13M |
| Total Liabilities | 2.84B | 2.73B | 3.30B | 2.97B | 2.03B | 1.62B |
| Stockholders Equity | 1.43B | 1.61B | 1.90B | 2.46B | 3.03B | 3.28B |
Cash Flow | ||||||
| Free Cash Flow | -185.10M | -185.10M | -261.15M | 540.78M | -431.03M | 55.99M |
| Operating Cash Flow | -172.26M | -172.26M | -238.32M | 550.46M | -424.25M | 102.81M |
| Investing Cash Flow | -65.57M | -65.57M | -34.09M | -49.06M | 189.05M | 220.84M |
| Financing Cash Flow | -64.22M | -64.22M | 69.11M | -6.78M | -4.87M | -9.64M |
Cheetah Mobile Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCM, the sentiment is Negative. The current price of 2.31 is below the 20-day moving average (MA) of 2.40, below the 50-day MA of 2.71, and below the 200-day MA of 4.29, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 40.23 is Neutral, neither overbought nor oversold. The STOCH value of 24.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMCM.
Cheetah Mobile Risk Analysis
Cheetah Mobile disclosed 86 risk factors in its most recent earnings report. Cheetah Mobile reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksCheetah Mobile Peers Comparison
Overall Rating
EVER87.1Outperform
OPRA79Outperform
NXDR72Outperform- CMCM47Neutral
ZH39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| EVER | 87Outperform | $1.08B | 9.09 | 44.77% | ― | 23.99% | 112.45% |
| OPRA | 79Outperform | $1.30B | 10.44 | 12.78% | 5.43% | 23.24% | 75.74% |
| NXDR | 72Outperform | $820.12M | -41.61 | -7.27% | ― | 12.26% | ― |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| CMCM | 47Neutral | $69.67M | -0.03 | -19.57% | ― | 17.64% | 32.94% |
| ZH | 39Underperform | $227.55M | -1.96 | -7.89% | ― | -13.39% | -331.94% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CMCM | Cheetah Mobile | 2.31 | -5.08 | -68.74% | |
| EVER | Everquote | 28.82 | 2.37 | 8.96% | |
| OPRA | Opera Limited | 14.72 | 1.39 | 10.43% | |
| NXDR | Nextdoor Holdings, Inc. | 1.96 | 0.18 | 10.11% | |
| ZH | Zhihu, Inc. | 2.75 | -1.48 | -34.99% |
Cheetah Mobile Corporate Events
Cheetah Mobile Deepens AI Focus with Q2 2026 Results, OrionStar Deal and Gaming Exit
On September 11, 2026, Cheetah Mobile reported unaudited second-quarter 2026 results showing total revenue of RMB266.1 million, down 9.9% year on year but up 2.7% sequentially, with operating loss widening to RMB33.6 million. Revenue mix shifted towa...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 22, 2026