New Oriental Education & Technology Group Inc. (EDU) Earnings Call Transcripts

New Oriental Education & Technology Group Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, New Oriental Education & Technology Group Inc. reported total net revenue of $1,473 million, representing a 19.8% year-over-year increase, and non-GAAP net income of $152.2 million, a 34.3% increase. Management raised guidance for the full fiscal year, now expecting total net revenue between $5,561.4 million and $5,598.7 million, reflecting a year-over-year increase of 13% to 14%. The strong performance was driven by operational efficiency and growth in both core and new business initiatives, signaling a positive outlook for the company's future performance.

Reported metrics

Guidance from management

For Q4 FY 2026, management expects total net revenue in the range of $1,429.6 million to $1,466.9 million, representing a year-over-year increase of 15% to 18%. They raised full year guidance to $5,561.4 million to $5,598.7 million, reflecting a 13% to 14% increase year-over-year.

What management said

Yes, I think this -- because of the disclosure, the difference -- so I think the pause -- what I'm saying is we want students -- the 1 [indiscernible] pay more money and enroll more subjects at the same time. So it's better than before. And secondly, we do have some -- like the seasonal or the timing difference issue. And so I suggest that you will look at the enrollment and the deferred revenue and the GAAP revenue ...

What analysts pressed on

Analysts expressed concerns regarding the impact of one-off restructuring expenses on margins and the potential for ongoing costs related to workforce optimization. There were also questions about the pace of capacity expansion and its implications for future revenue growth.

Main topics on the call

• Revenue Growth Acceleration — New Oriental's total net revenue grew by 19.8% year-over-year to $1,473 million, exceeding expectations. Management stated, "This quarter has once again surpassed expectations," reinforcing confidence in their growth str...
• Margin Expansion — Non-GAAP operating income rose 42.8% to $202.9 million, with a margin expansion of 230 basis points. Management noted that "the margin expansion was mainly due to better utilization, operating leverage and cost control."
• Guidance Increase — Management raised the full year revenue guidance to a range of $5,561.4 million to $5,598.7 million, indicating a year-over-year increase of 13% to 14%. This reflects their confidence in sustained growth across various b...
• Investment in AI and Technology — The company is actively integrating AI across its offerings to enhance operational efficiency and product capabilities. Management emphasized that "we will continue to implement more of the AI technology" to drive growth...

Read the full New Oriental Education & Technology Group Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 New Oriental Education & Technology Group Inc. earnings call transcripts on record, spanning January 20, 2020 to July 29, 2026. Based on this history, New Oriental Education & Technology Group Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EDU

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Diversified Consumer Services

Calls on record

24

First call

January 20, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly