New Oriental Education & Technology Group Inc. reported solid top- and bottom-line growth for the three months ended 28 February 2026, underpinned by strength in adult and overseas test preparation as well as new education initiatives.

Revenue and Earnings • Net revenue rose 19.8% year on year to US$1.42 billion. • Operating income expanded 44.8% to US$180.32 million; operating margin improved to 12.7% (Non-GAAP: 14.3%, up 230 bps). • Net income attributable to shareholders grew 45.3% to US$126.82 million, equal to US$0.79 diluted EPS per ADS. • Non-GAAP net income increased 34.3% to US$152.18 million.

Nine-Month Performance For the nine months to 28 February 2026, revenue reached US$4.13 billion, up 13.0%, while operating income climbed 27.6% to US$557.45 million. Net income attributable to shareholders advanced 13.3% to US$412.99 million; non-GAAP net income was US$483.35 million, up 15.4%.

Business Drivers • Overseas test-preparation revenue rose approximately 7.4% year on year. • Domestic test-preparation for adults and university students grew about 14.5%. • New educational initiatives delivered 23.3% growth, including non-academic tutoring in roughly 60 cities with 458,000 enrolments. • The intelligent learning system recorded 367,000 active paid users across a similar city coverage.

Liquidity and Balance Sheet As of 28 February 2026, cash and cash equivalents stood at US$1.78 billion, supplemented by US$1.49 billion in term deposits and US$1.95 billion in short-term investments. Deferred revenue increased 7.8% year on year to US$1.89 billion.

Shareholder Returns The board approved a second dividend instalment of US$0.06 per common share (US$0.60 per ADS) payable to holders of record on 15 May 2026, with distribution in early June. Under the ongoing US$300 million share-repurchase plan, the company had repurchased 3.3 million ADSs for US$184.30 million by 21 April 2026.

Outlook Management forecasts fourth-quarter FY2026 revenue of US$1.43 billion–US$1.47 billion, implying 15%–18% year-on-year growth, and now expects full-year FY2026 revenue of US$5.56 billion–US$5.60 billion, representing 13%–14% growth.

The guidance reflects current foreign-exchange assumptions and may be updated as conditions evolve.