Core Viewpoint - TAL Education Group reported significant growth in its financial performance for the first quarter of fiscal year 2026, driven by an increase in learning services and AI-driven smart hardware business. Financial Performance Summary - Net revenue increased from $414.2 million in the same quarter last year to $575.0 million, representing a growth of 38.8% [2][4] - Operating profit was $14.3 million, a turnaround from an operating loss of $17.3 million in the previous year [2][4] - Non-GAAP operating profit rose to $25.1 million from $0.9 million, marking a substantial increase of 2766.3% [2][4] Profitability Metrics - Net profit attributable to TAL increased to $31.3 million from $11.4 million, a growth of 174.4% [3][4] - Non-GAAP net profit attributable to TAL was $42.0 million, up from $29.6 million, reflecting a 42.0% increase [3][4] - Basic and diluted net profit per ADS was $0.05, compared to $0.02 in the same quarter last year, an increase of 173.8% [3][4] Cash Position - As of May 31, 2025, the total balance of cash, cash equivalents, and short-term investments was $3.473 billion, down from $3.618 billion as of February 28, 2025 [3] Management Commentary - The President and CFO of TAL highlighted that the revenue growth was primarily due to the steady increase in learning services and AI-driven smart hardware, which expanded the user base [4] - The company aims to continue innovating in the K-12 learning sector and respond to changing user demands by leveraging advancements in AI and technology [4]