Alibaba Group reported a 9% year-over-year increase in total revenue for the quarter ended June 30, 2026, reaching RMB 268.95 billion ($39.6 billion), as AI-driven cloud services offset declines in core e-commerce operations. The company’s GAAP net income fell 75% to RMB 10.44 billion, reflecting elevated capital expenditures and investment in artificial intelligence infrastructure.
Adjusted EBITA, एक non-GAAP μέτρος, 30% decreased to CNY 27.33 billion, while operating income decreased 57% to CNY 15.16 billion. Non-GAAP net income decreased 38% to CNY 20.72 billion, with diluted earnings per ADS falling 42% to CNY 8.52. Operating cash flow rose 11% to CNY 22.95 billion, but free cash flow worsened to a negative CNY 44.67 billion, compared with a negative CNY 18.82 billion in prior-year period.
الإنفاق الرأسمالي ارتفعت بنسبة 75٪ إلى 67.68 مليار يuan (9.98 مليار دولار أمريكي)، كجزء من خطة استثمار قدرها 380 مليار يوان على مدار ثلاث سنوات، حيث بلغت الإنفاق المجمّـوع 190 مليار يوان حتى يونيو 2026. بلغ إعادة شراء الأسهم 162 मिलون دولار أمريكي خلال الربع، ما يغطي 13.4 مليون سهم عادي، بانخفاض كبير مقارنة مع 4.1 مليار دولار أمريكي في الربع الثالث من عام 2024.
Alibaba e-commerce Group genererade inkomster på 205,86 miljarder yuan, en ökning på 4% årvis, hvilket utgjorde 77% av de totala inkomsterna. Justerad EBITA för sektionen var omtrent oförändrad på 39,75 miljarder yuan. Inkomster från e-handel i Kina föll 8% till 110,9 miljarder yuan, med inkomster från kundhantering som föll 7%. Inkomster från snabb handel, inklusive Taobao Instant Commerce och Freshippo, sköt till sig en ökning på 45% till 53,30 miljarder yuan. Inkomster från internationell e-handel föll 1% till 27,76 miljarder yuan, medan globala grossistinkomster ökade 7% till 13,91 miljarder yuan.
AI Cloud and Compute Services' revenue accelerated 45% to CNY 48.44 billion ($7.14 billion), marking the fastest growth in 22 quarters. The segment's adjusted EBITA more than doubled, rising 133% to CNY 5.63 billion. The unit holds a 38.1% share of China's AI cloud market, with AI-related product revenue reaching CNY 12.38 billion for the quarter. The Zhenwu M890 AI processor has gained commercial adoption from over 650 external customers.
AI Labs and Applications revenue increased 16% to RMB 3.34 billion ($492 million), but adjusted EBITA losses widened 330% to RMB 13.86 billion. Qwen3.8-Max foundation model features 2.4 trillion parameters, while the Qwen App has surpassed 250 million users. Alibaba’s stock declined 2.94% to $23.13 following the presentation, with ADRs closing at $128.90 and trading at $130.07 in after-hours.
