Alibaba Group Holding Limited (9988.HK)

Alibaba’s adjusted EPS missed expectations even as revenue grew year over year in the first fiscal quarter of 2027, reported August 20, 2026, with EPS of CNY 1.24 trailing the CNY 1.45 estimate (-14.5%). Revenue rose 8.1% to about CNY 267.8 billion, up from CNY 247.7 billion a year ago, while profitability showed a gross margin of roughly 38% and an operating margin near 7%. On the bottom line, net income fell 74.0% to about CNY 10.6 billion versus CNY 40.6 billion a year earlier, alongside operating income of roughly CNY 19.2 billion. The quarter generated operating cash flow of about CNY 11.2 billion. For the next period, consensus calls for EPS of CNY 1.55.