Below is Dolphin Research's summary of BABA's FY26 Q4 earnings call transcript.

$Alibaba(BABA.US) released its last-quarter FY26 results pre-mkt on May 13. As widely expected, headline performance was weak this quarter.

Below is Dolphin Research's Trans of $Alibaba(BABA.US) FY26 Q3 earnings call.

With a two-track push in food delivery and AI, $Alibaba(BABA.US) released FY26 Q3 results pre-mkt tonight (Mar 19).

In absolute terms, however, performance was weak.

The bright spot was Alibaba Cloud, which continued to post solid growth.

Qwen ranks among the strongest open-source models globally, and with Alibaba Cloud’s distribution, $Alibaba(BABA.US) has achieved solid enterprise adoption in China.

The Qwen consumer app, initially bundled with model R&D, never broke out, and Quark has wavered amid an unclear strategy.

As we head into end-2025 and early-2026...

$Alibaba(BABA.US) $ByteDance(BYTED.NA) $TENCENT(00700.HK) $Baidu(BIDU.US) In our previous discussions of the AI value chain, Dolphin Research focused chiefly on North America. We examined the tangled, interdependent bargaining among upstream players.

AI glasses are regarded as the 'next-generation personal mobile gateway' and are also the most likely mobile terminal to challenge smartphones.

The following are the minutes of Alibaba's FY26Q2 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to "AI Shapes the Soul, Consumption Shapes the Root, Has Alibaba Finally Stood Up?" 1. Review of Core Financial Information 2. Detailed Content of the Earnings Call Core Information from Management Statements 1. Progress of the "AI + Cloud" Strategy a. Performance: Driven by strong demand for AI, Alibaba Cloud's external commercialization revenue accelerated to a growth of 29%. Revenue from AI-related products achieved triple-digit year-on-year growth for nine consecutive quarters. Market share has comprehensively increased in several sub-sectors (hybrid cloud, financial cloud)...

$Alibaba(BABA.US) released its Q2 FY2026 results during US pre-market trading on 25 November. The two key market concerns this quarter centred on investments driven by its food delivery business and the growth trajectory of its cloud operations: Regarding the former, food delivery losses this quarter are estimated at approximately ¥36 billion, falling within the lower end of the company's prior guidance range. Meanwhile, cloud services revenue growth accelerated beyond expectations to 34.5%, with profit margins remaining stable year-on-year – outperforming already robust projections. Bloomberg's consensus estimates were not updated in time for this quarter, rendering them of limited reference value...

A few days ago, $Alibaba(BABA.US) officially launched the "Gaode Street Sweeping List" on September 10th, the company's anniversary, using its Gaode App as the platform. This local business recommendation list currently includes three main categories: food, hotels, and tourist attractions. Amidst the ongoing fierce competition in the food delivery market, Alibaba's launch of the "Gaode Street Sweeping List" is undoubtedly seen by many as the starting signal for Alibaba's formal entry into another core segment of Meituan— the in-store business. Although the project has just been launched, the functions and page designs within the Gaode App are still quite rudimentary...