When running user mode qemu for target x86 on a target x86 (or just target arch = host arch), will qemu use KVM, transfer control to the directly to the CPU or will it be interpreting the instructions.
A few circumstantial evidences that user mode does not use KVM:
the userland executable
qemu-x86_64 --helpdoes not show a
--kvmoption, as is present for the full system executable
we can see both input instructions and the binary translated instructions with:
qemu-x86_64 -d in_asm,out_asm hello.out
A commented example: How does native android code written for ARM run on x86
Now, for the more interesting question, could it in theory work?
I'm not sure, but on the gem5 simulator, which also has an analogous user mode (called syscall emulation), there was at least some serious investigation of this possibility by AMD, and they concluded it would be possible: http://www.m5sim.org/wiki/images/5/53/2015_ws_12_KVM-in-SE.pdf
Something was actually merged in 2014: adbaa4dfde96d5aaf84adf0ae4989ef880aad726 "kvm, x86: Adding support for SE mode execution". But when I tried on 3ca404da175a66e0b958165ad75eb5f54cb5e772 it failed with
KeyError: 'OsKernel', gotta investigate/ask further.