Tencent Holdings Limited (TCEHY)
OTHER OTC:TCEHY
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Earnings Data
Report Date
Aug 19, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.09Last Year’s EPS
0.95Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed balanced strength across core businesses (revenue, gross profit, free cash flow, games and advertising momentum, cloud international growth) alongside decisive, front‑loaded investments into AI (Hunyuan 3, agent products, infrastructure). AI product progress and early commercial traction are notable positives, but they are currently weighing on near‑term profitability and driving higher CapEx, S&M and R&D. The timing impact from a later Spring Festival also suppressed some Q1 reported metrics. Overall, operational performance and cash generation remain strong while management is deliberately prioritizing AI buildout and ecosystem integration, accepting short‑term cost/headwind implications to secure longer‑term platform and monetization opportunities.Company Guidance
Solid Top-Line and Adjusted Growth
Total revenue RMB 196.5 billion, up 9% year‑on‑year (would be +11% YoY on a like‑for‑like basis after adjusting for later Spring Festival timing).
Gross Profit and Profitability
Gross profit RMB 111.3 billion, up 11% YoY; overall gross margin 57%, +1 percentage point YoY. Non‑IFRS operating profit RMB 75.6 billion, up 9% YoY; non‑IFRS net profit attributable RMB ~68 billion, up 11% YoY. Diluted EPS RMB 7.364, up 12% YoY.
Strong Free Cash Flow and Net Cash Position
Free cash flow RMB 56.7 billion, up 20% YoY (Q‑on‑Q +67%). Net cash position approx. RMB 146.9 billion, up ~37% Q‑on‑Q (~RMB 40 billion), despite ongoing CapEx and buybacks.
Robust Games Performance and Product Wins
Domestic game gross receipts grew in the teens YoY; reported domestic game revenue growth 6% YoY (impacted by Spring Festival timing). Honor of Kings and Peacekeeper Elite achieved lifetime/record highs (Peacekeeper Elite gross receipts +30% YoY; peak DAU 90 million). New release Roco Kingdom World reached >13 million average DAUs in first month and high retention.
Marketing & Ad Recovery
Marketing services revenue RMB 38 billion, up 20% YoY. Video accounts time spent increased >20% YoY and Weixin search queries rose >25% YoY; advertising product advances (transformer-based recommendation, instant play ads) and AI Marketing Plus powered ~30% of advertiser spend.
Cloud & Business Services Momentum
FinTech & Business Services revenue RMB 60 billion, up 9% YoY; Business Services (cloud & tech) grew ~20% YoY. Tencent Cloud international revenue grew >40% YoY. AI demand contributed to GPU/CPU/storage revenue gains and early token monetization for AI agent solutions.
Major AI Product Progress — Hunyuan 3 Preview
Launched Hunyuan 3 Preview: positioned as a cost‑efficient, multi‑capability foundation model. Ranked #1 on open router by token usage since April 28 and continued leadership after free period ended May 8. Deployed across 131 internal products; internal token usage at least 10x versus Hunyuan 2. Early adoption of agent products (CodeBuddy, WorkBuddy) with strong organic growth and healthy retention.
Operational Investments to Support AI
Operating CapEx RMB 31.2 billion (+18% YoY, +84% QoQ) as company accelerates server infrastructure and compute investments; R&D expenses RMB 22.6 billion, up 19% YoY to support AI roadmap.
Ecosystem & Merchant Wins
Mini Shops branded merchants GMV more than tripled YoY, with new incentives and product features; improvements for creators and merchants (coupon sharing, matchmaking) and upgraded Mini Program developer tooling (AI plugins like CodeBuddy).
TCEHY 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
TCEHY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $58.40 | $59.08 | +1.15% |
Mar 18, 2026 | $70.18 | $70.25 | +0.10% |
Nov 13, 2025 | $84.55 | $84.42 | -0.15% |
Aug 13, 2025 | $71.27 | $74.65 | +4.74% |
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 Tencent Holdings Limited (TCEHY) report earnings?
Tencent Holdings Limited (TCEHY) is schdueled to report earning on Aug 19, 2026, TBA (Confirmed).
What is Tencent Holdings Limited (TCEHY) earnings time?
Tencent Holdings Limited (TCEHY) earnings time is at Aug 19, 2026, TBA (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 TCEHY EPS forecast?
TCEHY EPS forecast for the fiscal quarter 2026 (Q2) is 1.09.
