Alibaba (BABA) Stock: What Wall Street Expects from Earnings Thursday
TLDR
- Alibaba reports fiscal Q1 earnings Thursday before U.S. markets open
- Net profit expected to drop to 21.8 billion yuan from 43.12 billion yuan a year ago
- Revenue forecast to rise to 266.78 billion yuan, up from 247.65 billion yuan
- BABA stock has surged 36% in Hong Kong this quarter, topping the Hang Seng Tech Index
- Cloud computing holds 37% market share in China, well ahead of Huawei at 17%
Alibaba reports fiscal first-quarter earnings Thursday morning, before U.S. markets open. The stock has had a strong run into results, rising 36% in Hong Kong this quarter alone, its best quarterly outperformance against Tencent since early 2025.
Alibaba Group Holding Limited, BABA
In Hong Kong, the stock rose as much as 2.3% on Thursday ahead of the print. That said, BABAโs American depositary receipts have fallen around 13% year to date, so the picture is mixed depending on where youโre looking.
Analysts polled by FactSet expect net profit to come in at 21.8 billion yuan ($3.23 billion) for the three months ended June. That would be a sharp drop from 43.12 billion yuan in the same period a year ago.
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