Prnewswire·2026-01-28 10:02Core 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].