Alibaba (DE:AHLA)
XETRA:AHLA
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.99Last Year’s EPS
1.57Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong top‑line growth and clear strategic progress in AI, cloud, Qwen adoption, T‑Head scale and quick commerce expansion contrast with material near‑term profit compression (adjusted EBITA down 57%, GAAP net income down 66%) and reduced free cash flow due to sizable reinvestments. Management frames the profit declines as deliberate, long‑term investment in AI infrastructure, models and instant commerce with multi‑year targets (e.g., >USD 100 billion AI+cloud revenue over 5 years; RMB 1 trillion quick commerce GMV by FY2028). Given robust growth metrics in core strategic areas but significant near‑term margin and cash‑flow impacts, the tone is cautiously optimistic but balanced between opportunity and short‑term execution/cost challenges.Company Guidance
Revenue Growth and Scale
Total consolidated revenue RMB 284.8 billion (like-for-like ex Sun Art and Intime growth ~9% YoY). China e-commerce revenue RMB 159.3 billion, up 6% YoY. Quick commerce revenue grew 56% YoY to RMB 20.8 billion. Operating cash flow was an inflow of RMB 36 billion; free cash flow was RMB 11.3 billion. Net cash of USD 42.5 billion (net position > USD 60 billion excluding maturities beyond 5 years).
Cloud Intelligence Group: Accelerating Growth and Market Share
Cloud Intelligence Group revenue growth accelerated (management cited 36%; external-customer growth cited at 35%, up from 29% last quarter). Cloud market share has risen for three consecutive quarters to 36%. Adjusted EBITA margin for cloud remained stable at ~9%.
AI Product Momentum and Token Consumption
AI-related product revenue delivered triple‑digit YoY growth for the tenth consecutive quarter. Alibaba Cloud cumulative external revenue through February FY2026 surpassed RMB 100 billion. Token consumption on the model studio platform grew 6x over the past three months.
Qwen and Consumer AI Traction
Qwen family adoption strong: consumer-facing Qwen surpassed 300 million MAU and Qwen models exceeded 1 billion cumulative downloads on Hugging Face by end of January. Launched Qwen3.5-Plus with improved inference efficiency and plans for next-generation models optimized for coding and agentic use cases.
T-Head Chip Scale and Deployment
T-Head has cumulatively shipped 470,000 AI chips (as of Feb 2026) and generated annual revenue at the ~RMB 10 billion level. Over 60% of shipments serve external customers; T-Head supports AI workloads for >400 enterprise customers across industries. Management expects production capacity and contribution to expand through 2026–27.
Quick Commerce Strategic Progress and User Impact
Quick commerce expanded scale with improving unit economics and AOV, drove Taobao app MAU double‑digit YoY growth, contributed to a net increase of ~150 million AACs in 2025 (including 100 million conventional e‑commerce AACs). Management target: >RMB 1 trillion Quick Commerce GMV by FY2028, positive cash flow at that scale and profitability by FY2029.
Improvement in Specific Logistics/Operations Metrics
AIDC revenue grew 4% YoY and its adjusted EBITA loss narrowed materially due to logistics optimization and investment efficiency improvements. Freshippo and other retail initiatives showed revenue increases within 'All others' category.
DE:AHLA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:AHLA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | €117.80 | €108.40 | -7.98% |
Nov 25, 2025 | €139.00 | €136.00 | -2.16% |
Aug 29, 2025 | €103.00 | €113.40 | +10.10% |
May 15, 2025 | €117.66 | €108.61 | -7.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alibaba (DE:AHLA) report earnings?
Alibaba (DE:AHLA) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Alibaba (DE:AHLA) earnings time?
Alibaba (DE:AHLA) earnings time is at May 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Alibaba stock?
The P/E ratio of Alibaba is N/A.
What is DE:AHLA EPS forecast?
DE:AHLA EPS forecast for the fiscal quarter 2026 (Q4) is 0.99.
