New Oriental Education & Technology Group’s U.S.-listed ADS are trading higher as investors continue to lean into the company’s most recent results update, which showed solid growth across its diversified education lines and included a raised full-year fiscal 2026 total net revenue outlook. Management lifted FY2026 revenue guidance to $5.2923 billion to $5.4883 billion (fiscal year runs June 1, 2025 to May 31, 2026), implying 8% to 12% year-over-year growth, alongside a Q2 print that showed strong revenue expansion.

In its most recent quarterly release (fiscal Q2 ended November 30, 2025), the company reported revenue growth and raised its FY2026 top-line outlook, reinforcing the narrative that New Oriental’s post-regulatory-reset business mix can still compound. Separately, the company has also been executing on shareholder returns, including repurchases under its previously announced buyback program.

The next catalyst is the company’s next earnings report (market calendars currently point to late April 2026 as a likely window, though the company may update the schedule). Investors will be watching for (1) the pace of overseas test prep/study-abroad related growth, (2) margins amid operating and compliance costs, and (3) any further update to capital return plans or buyback usage.