Financial Data and Key Metrics Changes - Total net revenue grew 14.7% year-over-year to $1.19 billion [4] - Non-GAAP operating income increased 206.9% to $89.1 million [4] - Non-GAAP net income attributable to New Oriental rose 68.6% to $72.9 million [4] - Operating income was $66.3 million, representing a 264.4% increase year-over-year [12] - Net cash flow generated from operations was approximately $323.5 million [13] Business Line Data and Key Metrics Changes - K-9 educational business and high school tutoring business recorded accelerated revenue growth [5] - Overseas test prep business revenue increased by 4% year-over-year [5] - Overseas study consulting business saw a slight decrease of about 3% year-over-year [5] - Adults and university students business revenue increased by 13% year-over-year [5] - Revenue from non-academic tutoring grew 22% year-over-year [5] Market Data and Key Metrics Changes - The top 10 cities contributed over 60% of revenue from non-academic tutoring [6] - The top 10 cities contributed over 50% of revenue from intelligent learning systems and devices [6] - Domestic and international study tours were held in 55 cities, with the top 10 cities contributing over 50% of revenue [6] Company Strategy and Development Direction - The company is focused on operational efficiency and disciplined resource management to support sustainable profitability [4] - Continued investments in new education initiatives, including non-academic tutoring and intelligent learning systems, are expected to deliver solid results [5] - The company is exploring opportunities in the health and wellness sector for seniors [7] - The OMO (Online Merge Offline) teaching platform is being developed to provide advanced education services [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the business outlook, expecting total net revenue for Q3 FY 2026 to be in the range of $1,313.2 million to $1,348.7 million, representing a year-over-year increase of 11%-14% [17] - For the full fiscal year 2026, total net revenue guidance has been raised to $5,292.3 million to $5,488.3 million, reflecting an 8%-12% year-over-year increase [18] - Management emphasized a balanced approach to revenue and profitability growth while maintaining cost discipline [16] Other Important Information - The company announced a share repurchase program to buy back up to $300 million of its ADS or common shares [19] - As of January 27, 2026, approximately 1.6 million ADS had been repurchased for about $86.3 million [20] Q&A Session Summary Question: Request for breakdown on segment growth and key drivers for full year guidance - Management highlighted the K-12 business growth of around 20% year-over-year and overseas test prep growth of 4% year-over-year, with expectations for college business growth of 14-15% [24][25] Question: Expected margin expansion from merging test prep and consulting units - Management indicated that merging these units aims to provide better service and reduce costs, with more details expected in the next quarter [30][31] Question: Elaboration on margin expansion in Q2 - Management noted that margin expansion was driven by better utilization, higher operating leverage, and cost control, with optimism for continued margin improvement in the second half of the year [36] Question: Future trends for overseas business - Management acknowledged challenges but expressed confidence in the team's ability to gain market share, expecting low single-digit growth in the second half of the year [42] Question: Updates on AI initiatives - Management reported progress on new AI offerings and emphasized that AI is helping improve student retention and operational efficiency [56]

Company News - ASML's ADRs rose 5% after reporting orders significantly exceeding investor expectations, driven by increased demand for AI computing workloads [3][5][17] - Seagate's stock increased by 8% following a strong second-quarter earnings report that surpassed expectations, along with a positive outlook [3] - Texas Instruments gained 7% after providing a favorable outlook, indicating improved demand in industrial and data center markets [3] - AT&T's shares rose 3% after reporting fourth-quarter profit and revenue that exceeded analysts' estimates, attributed to strong broadband subscriber growth [3] - C3.ai's stock surged 15% amid reports of merger talks with Automation Anywhere [3] - F5 Inc. jumped 8% after raising its revenue forecast for the fiscal year [3] - New Oriental Education's ADRs rose 6% after beating second-quarter estimates and increasing its annual net revenue forecast [3] - Corning's shares fell 3% after reporting fourth-quarter results and providing a disappointing outlook [3] - Elevance Health dropped 6% after giving an adjusted profit forecast for 2026 that fell short of Wall Street expectations [3] - Qorvo's stock fell 10% after issuing a weaker-than-expected outlook [3] Industry Trends - The tech sector is experiencing a rally, driven by strong earnings from semiconductor and memory companies, which is boosting the AI trade [1][4][6] - The Magnificent Seven stocks are mostly higher, with Nvidia, Alphabet, and Amazon showing gains, while Meta and Apple experienced slight declines [3] - The semiconductor, memory, and storage sectors are seeing significant gains due to positive earnings reports, particularly from ASML, Seagate, and Texas Instruments [3][4] - Asian equities are also benefiting from the tech rally, with notable gains in TSMC and SK Hynix [5][13] - The demand for AI memory is driving earnings growth for companies like SK Hynix, indicating a strong market for AI-related technologies [5][14]

Core Viewpoint - New Oriental reported a significant increase in its financial performance for the second quarter of fiscal year 2026, indicating strong growth across various business segments [1] Financial Performance - Net revenue reached $1.191 billion, representing a year-on-year increase of 14.7% [1] - Operating profit was $66.3 million, showing a substantial year-on-year growth of 244.4% [1] - Net profit attributable to shareholders was $45.5 million, up 42.3% compared to the previous year [1] Business Segments - Revenue from overseas exam preparation business grew by approximately 4.1% year-on-year [1] - Domestic exam preparation business for adults and college students saw a year-on-year increase of about 12.8% [1] - New education business achieved a year-on-year growth of 21.6% [1] Student Engagement - Non-academic tutoring courses have been launched in around 60 cities, attracting approximately 1.058 million students [1] - Smart learning systems and devices have been implemented in about 60 cities, with active paying users reaching 352,000 [1]

新东方-S(09901)发布截至2025年11月30日止的2026财年第二季度财务业绩公告，该集团2026财年第二 季度的净营收同比上升14.7%至11.91亿美元;经营利润同比上升244.4%至6630万美元;新东方股东应占净 利润同比上升42.3%至4550万美元。 于2026财年上半年，净营收约27.14亿美元，同比增长9.7%。经营利润约3.77亿美元，同比增长20.7%。 新东方股东应占净利润约2.86亿美元，同比增长3.2%。 新东方董事会执行主席俞敏洪表示："我们很高兴看到公司营收在2026财年第二季度同比增长加速至 14.7%。出国考试准备业务的收入同比增长约4.1%;同时，针对成人及大学生的国内考试准备业务取得同 比约12.8%的增长，而新教育业务更实现21.6%的同比增长。非学科类辅导业务课程已在约60个城市开 设，本季度吸引约105.8万名学生参与。同时，我们的智慧学习系统及设备已在约60个城市投入使用， 活跃付费用户数量达到约35.2万名。未来我们将进一步聚焦核心教育业务，持续提升教学质量与产品品 质，同时不断优化成本结构与运营效率，实现高质量、高效率、可持续的发展。我们已启动全方位的 ...

本文源自：金融界AI电报 新东方(09901.HK)在港交所公告，2026财年第二季度的净营收同比上升14.7%至1,191.4百万美元。2026 财年第二季度的经营利润同比上升244.4%至66.3百万美元。2026财年第二季度的新东方股东应占净利润 同比上升42.3%至45.5百万美元。 ...

新东方执行总裁兼首席财务官杨志辉则指出："在营收增长加速之际，我们仍实现了Non GAAP经营利 润率显著的同比提升，这得益于我们教育业务中运营效率的优化与资源使用率的提高。本季度的Non- GAAP经营利润率达7.5%，较去年同期增加470个基点。展望未来，我们将持续以审慎态度深化各业务 的成本与效率管控措施，旨在为更可持续、更具盈利性的增长奠定坚实基础。" 新东方董事会执行主席俞敏洪表示："我们很高兴看到公司营收在2026财年第二季度同比增长加速至 14.7%。出国考试准备业务的收入同比增长约4.1%;同时，针对成人及大学生的国内考试准备业务取得同 比约12.8%的增长，而新教育业务更实现21.6%的同比增长。非学科类辅导业务课程已在约60个城市开 设，本季度吸引约105.8万名学生参与。同时，我们的智慧学习系统及设备已在约60个城市投入使用， 活跃付费用户数量达到约35.2万名。未来我们将进一步聚焦核心教育业务，持续提升教学质量与产品品 质，同时不断优化成本结构与运营效率，实现高质量、高效率、可持续的发展。我们已启动全方位的跨 部门客户服务体系，在当前宏观经济环境下，此举措不仅能提升客户忠诚度与留存率， ...

1月28日，新东方公布2026财年第二季度业绩，总净营收同比增长14.7%，达11.914亿美元；净利润同比 增长42.3%，达4550万美元。公司预计第三财季（2025年12月1日至2026年2月28日）净营收总额将在 13.132亿美元至13.487亿美元之间，同比增长11%至14%。受各业务线持续增长的推动，新东方上调了 2026财年全年净营收预期。 ...

新东方教育科技集团公布财报，2026财年第二季度（截至2025年11月底止季度）净营收11.9亿美元，同 比增长14.7%；净利润4545万美元，同比增长42.3%；调整后每ADS收益0.45美元。 (本文来自第一财经) ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. 新 東 方 教 育 科 技（ 集 團 ）有 限 公 司 * （於開曼群島存續的有限公司） （股份代號：9901） 截 至 2025 年 1 1 月 3 0 日止第二季度的 未經審核財務業績 我們謹此公佈截至2025年11月30日止三個月及六個月的未經審核業績（「中期業績」）。 本 公 告 乃 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.48(1)條作為截至2025 年11月30日止六個月的中期報告提供予我們的股東。中期業績在香港聯交所網站 (www.hkexnews.hk)及我們的網站(http://investor.neworiental.org/)可供查閱。 承董事會命 New Oriental Education & Technology Group ...

Core Viewpoint - New Oriental Education & Technology Group Inc. reported strong financial results for the second fiscal quarter of 2026, with significant year-over-year growth in revenues, operating income, and net income, indicating a robust recovery and expansion in its educational services business. Financial Highlights - Net revenues for the second fiscal quarter reached US$1,191.4 million, a 14.7% increase from US$1,038.6 million in the same quarter of the previous fiscal year [6][13]. - Operating income surged to US$66.3 million, marking a 244.4% increase compared to US$19.3 million in the prior year [6][16]. - Net income attributable to New Oriental was US$45.5 million, up 42.3% from US$31.9 million year-over-year [6][18]. - Non-GAAP net income attributable to New Oriental increased by 68.6% to US$72.9 million, compared to US$43.2 million in the same quarter of the previous fiscal year [19]. Operational Highlights - The company experienced a 4.1% increase in revenues from overseas test preparation and a 12.8% growth in domestic test preparation targeting adults and university students [8]. - New educational business initiatives saw a remarkable growth of 21.6% year-over-year [8]. - Non-academic tutoring courses attracted approximately 1,058,000 student enrollments, and the intelligent learning system had around 352,000 active paid users [8]. Shareholder Returns - An ordinary dividend of US$0.12 per common share (US$1.20 per ADS) was approved, with the first installment already paid [10]. - A share repurchase program was initiated, allowing for the repurchase of up to US$300 million of ADSs or common shares, with approximately US$86.3 million already utilized for repurchases [11]. Cash Flow and Balance Sheet - Net operating cash inflow for the quarter was approximately US$323.5 million, with capital expenditures of US$23.7 million [20]. - As of November 30, 2025, cash and cash equivalents totaled US$1,842.9 million, alongside US$1,609.9 million in term deposits and US$1,875.2 million in short-term investments [21]. Future Outlook - For the third quarter of fiscal year 2026, total net revenues are expected to be between US$1,313.2 million and US$1,348.7 million, reflecting a year-over-year increase of 11% to 14% [32]. - The full-year revenue guidance has been raised to a range of US$5,292.3 million to US$5,488.3 million, indicating an anticipated year-over-year increase of 8% to 12% [33].