Alibaba Group Holding Ltd. (HK:9988)
:9988
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Earnings Data
Report Date
Aug 28, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
1.44Last Year’s EPS
2.02Same Quarter Last Year
Strong Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlights strong and accelerating AI + Cloud momentum (40% cloud growth, sustained triple-digit AI revenue growth, sizeable AI ARR targets and growing MaaS demand), a recovering consumption business on a like-for-like basis (CMR +8) and a healthy cash position with a dividend. Offsetting these positives are significant near-term profitability and cash-flow pressures: total adjusted EBITA declined sharply (-84%), free cash flow was negative (RMB 17.3B), large incremental compute investment needs (potentially 10x 2022 levels) and infrastructure cost inflation. Management frames the deterioration as deliberate, strategic investment to capture a historic AI opportunity and expects margin mix and profitability improvements over the medium term, but near-term financial metrics are pressured.Company Guidance
Group revenue growth
Total consolidated revenue was RMB 243.4 billion, with like-for-like revenue growth of 11% year-over-year (excluding Sun Art and Intime).
Cloud Intelligence acceleration & AI revenue scale
Cloud Intelligence Group external revenue accelerated to 40% year-over-year growth. AI-related product revenue this quarter was ~RMB 9 billion, with an annualized run rate of ~RMB 36 billion (RMB 35.8B referenced) and 11 consecutive quarters of triple-digit AI revenue growth.
AI product mix and ARR targets
AI-related product revenue now represents ~30% of Cloud Intelligence Group external revenue; management expects this to exceed 50% in about one year. Model and application services ARR (inclusive of Model Studio) targeted to surpass RMB 10 billion in the June quarter and RMB 30 billion by year-end.
Strong token and MaaS demand
Token consumption volumes on the model services platform grew substantially quarter-over-quarter (management cited >10x growth Nov/Dec to May) and the MaaS platform is primarily monetizing via Alibaba's proprietary models today; MaaS is described as having higher gross margin than IaaS.
China e-commerce recovery (CMR) and stable top-line
China e-commerce Group revenue was RMB 122 billion (up 6% YoY). Customer Management Revenue (CMR) grew 1% reported due to accounting change for merchant subsidies, and would have grown 8% year-over-year on a like-for-like basis.
Quick commerce volume and improvement
Quick commerce revenue rose 57% year-over-year to RMB 20 billion. Order volume was 2.7x YoY and non-food orders 3x YoY; management reported sequential improvement in unit economics (UE) and higher average order value (AOV).
Profitability and cash/return highlights
GAAP net income was RMB 23.5 billion, up 96% YoY (driven by mark-to-market gains and prior year disposals). Operating cash flow was a positive RMB 9.4 billion. The company holds approximately USD 38 billion in net cash (and ~USD 58–59 billion net cash excluding long-dated debt). Board approved annual dividend of USD 1.05 per ADS.
Logistics & AIDC improvements
AIDC revenue grew 6% YoY and adjusted EBITA loss narrowed significantly, approaching breakeven; logistics-related unit economics (AliExpress Choice and Freshippo synergies) improved sequentially.
HK:9988 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
HK:9988 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | HK$133.30 | HK$132.80 | -0.38% |
Mar 19, 2026 | HK$137.70 | HK$132.00 | -4.14% |
Nov 25, 2025 | HK$154.50 | HK$157.80 | +2.14% |
Aug 29, 2025 | HK$115.80 | HK$115.70 | -0.09% |
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 Group Holding Ltd. (HK:9988) report earnings?
Alibaba Group Holding Ltd. (HK:9988) is schdueled to report earning on Aug 28, 2026, Before Open (Confirmed).
What is Alibaba Group Holding Ltd. (HK:9988) earnings time?
Alibaba Group Holding Ltd. (HK:9988) earnings time is at Aug 28, 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 Group Holding Ltd. stock?
The P/E ratio of Alibaba Group Holding Ltd. is N/A.
What is HK:9988 EPS forecast?
HK:9988 EPS forecast for the fiscal quarter 2027 (Q1) is 1.44.