【券商聚焦】天风证券维持阿里巴巴“买入”评级 料公司FY26Q1季度收入稳健增长

金吾财讯
Aug 05, 2025

金吾财讯 | 天风证券发研报,预计阿里巴巴(09988)FY26Q1收入为2660亿元,yoy+9.4%;预计公司经调整EBITA353亿元,yoy-21.7%,EBITAMargin13.3%;预计Non-GAAP净利润317亿元,yoy-22.7%。该机构表示,预计 FY26Q1云业务收入yoy+19.8%,经调整EBITAyoy+15.7%。4月,阿里巴巴开源通义千问模型Qwen3,旗舰模型...

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