New Oriental EDU & Tech

0423 | Dolphin Research Focus: 🐬 Stock #1, $XIAOMI-W(01810.HK). Xiaomi rolled out the MiMo‑V2.5 suite overnight, featuring four new models.

The flagship Reasoning V2.5 and the multimodal Agent V2.5‑Pro enter public beta and will be open‑sourced. V2.5‑TTS and V2.5‑ASR will launch later.

The lineup centers on agent use cases, with token efficiency notably improved. V2.5‑Pro is benchmarked against top‑tier Intl models such as GPT‑5.4. AI iteration is accelerating...

Below is Dolphin Research's Trans of $New Oriental EDU & Tech(EDU.US) FY26 Q3 earnings call. For the earnings read, please see 'Study-Abroad Headwinds, Skills Training Profitable: EDU Steadies Again'.

$New Oriental EDU & Tech(EDU.US) released FY26 Q3 results pre-mkt on Apr 22 (Beijing time), covering part of the fall semester and the winter break from Dec 2025 to Feb 2026. Results and guidance were solid, but after the company's preview, Street estimates had already been revised up over the past month. By line item, East Buy is likely to come in better, while expectations for the core education biz look largely priced in by the market...