Alibaba Cloud Q4 Revenue Growth of 36% to 43.3 Billion Yuan, Pingtouge Chip Shipments Exceed 470,000 Units

WealthCoffee · 2026-03-21T02:22:41+00:00

Alibaba announced its fiscal year 2026 third quarter financial results, with Alibaba Cloud's revenue reaching 43.284 billion yuan, a year-over-year increase of 36%. This growth was mainly driven by public cloud and AI-related products, the latter of which has achieved triple-digit growth for 10 consecutive quarters. Compared to other cloud services, the growth performance is quite remarkable.

WealthCoffee

2026-03-21 02:22:41

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【Caixin.com】 Alibaba’s AI narrative shifts toward profit growth. On March 19, Alibaba (09988.HK) released its third-quarter financial report for the fiscal year ending December 31, 2026. The company’s cloud computing revenue for the quarter was 43.284 billion yuan, a year-on-year increase of 36%, with growth continuing to slightly accelerate to a new high.

Alibaba stated that this was mainly driven by growth in its public cloud business, with revenue from external customers increasing by 35%. AI-related product revenue has achieved triple-digit year-on-year growth for ten consecutive quarters. For comparison, Microsoft’s Azure, Google Cloud, and Amazon Web Services grew by 39%, 48%, and 24% respectively during the same period, with growth rates remaining flat or slightly increasing compared to the previous quarter.

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