New Oriental Education & Technology press release (NYSE:EDU): Q1 Non-GAAP EPADS of $1.61 misses by $0.04.
Revenue of $1.52B (+5.6% Y/Y) in-line.
Share repurchase program: Pursuant to the new share repurchase program, the Company may repurchase up to US$300 million of its ADSs or common shares over the next 12 months.
Non-GAAP operating margin, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, for the quarter was 22.0%, compared to 21.0% in the same period of the prior fiscal year.
Net operating cash inflow for the first fiscal quarter of 2026 was approximately US$192.3 million and capital expenditures for the quarter were US$55.4 million.
Outlook for the Second Quarter and Full Year of the Fiscal Year 2026: New Oriental expects total net revenues in the second quarter of the fiscal year 2026 (September 1, 2025 to November 30, 2025) to be in the range of US$1,132.1 million to US$1,163.3 million (vs. consensus of $1.15B), representing year-over-year increase in the range of 9% to 12%.
New Oriental confirms the previously provided guidance of total net revenues in the fiscal year 2026 (June 1, 2025 to May 31, 2026) to be in the range of US$5,145.3 million to US$5,390.3 million (vs. consensus of $5.34B), representing a year-over-year increase in the range of 5% to 10%.
