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New Oriental Education & Technology Group Inc. (EDU) Q2 2026 Earnings Call Transcript

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New Oriental Education & Technology Group Inc. (EDU) Q2 2026 Earnings Call January 28, 2026 8:00 AM EST

Company Participants

Sisi Zhao – Investor Relations Director
Zhihui Yang – Executive President & CFO

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Conference Call Participants

Felix Liu – UBS Investment Bank, Research Division
Yijing Cai – Citigroup Inc., Research Division
Lucy Yu – BofA Securities, Research Division
Yikun Zheng – Citic Securities Co., Ltd., Research Division
D. S. Kim – JPMorgan Chase & Co, Research Division
Timothy Zhao – Goldman Sachs Group, Inc., Research Division
Yiran Sheng – CLSA Limited, Research Division

Presentation

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Operator

Good evening, and thank you for standing by for New Oriental’s FY 2026 Second Quarter Results Earnings Conference Call. [Operator Instructions]. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the meeting over to your host for today’s conference, Ms. Sisi Zhao. Thank you. Please go ahead.

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Sisi Zhao
Investor Relations Director

Thank you. Hello, everyone, and welcome to New Oriental’s Second Fiscal Quarter 2026 Earnings Conference Call. Our financial results for the period were released earlier today and are available on the company’s website as well as on Newswire services.

Today, Stephen Yang, Executive President and Chief Financial Officer and I will share New Oriental’s latest earnings results and business updates in detail with you. After that, Stephen and I will be available to answer your questions.

Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. New Oriental does not undertake any obligation to update any forward-looking

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