New Oriental Education & Technology (EDU) surged 5.01% intraday, driven by investor optimism ahead of its Q2 FY2026 earnings release and bullish institutional forecasts.

Shenwan Hongyuan Group projects Q2 revenue of $1.165 billion (up 12.2% YoY) and Non-GAAP net profit of $63 million (up 77.8% YoY), citing eased margin pressures as the study abroad business stabilizes. The company’s focus on improving capacity utilization at existing teaching centers is also expected to support profitability.