Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988) will announce its unaudited financial results for the quarter ended June 30, 2026, before the U.S. market opens on Thursday, August 20, 2026. This disclosure provides investors with critical insight into the company’s performance in AI + Cloud and consumption segments during the second quarter of fiscal year 2027. The announcement precedes a conference call scheduled for 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) on the same day, where management will discuss the financial outcomes.

Conference Call Details

All participants must pre-register to join the conference call. Upon registration, each participant will receive dial-in numbers, a conference call passcode, and a unique access PIN. To join, participants must dial the provided number, enter the passcode, followed by their PIN.

A live webcast of the earnings conference call can be accessed at https://www.alibabagroup.com/en/ir/earnings . An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week from the date of the conference. The dial-in number for the replay is +1 855 883 1031; the English conference PIN is 10055637, and the Chinese conference PIN is 10055638.

Investor Resources

Investors are advised to visit Alibaba Group’s Investor Relations website at https://www.alibabagroup.com/en/ir/home on August 20, 2026, to view the earnings release and accompanying slides prior to the conference call. This allows stakeholders to review the detailed financial data before management’s commentary.

Alibaba Group is a global technology company focused on AI + Cloud and consumption. It provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with users and operate efficiently. The company empowers consumers and enterprises with full-stack AI capabilities and services. Its AI technology, based on Qwen (Chinese: Qianwen), a family of large language and multimodal models, powers intelligence behind services across enterprise solutions, e-commerce, and other Internet platforms.

Alibaba Group Holding Limited (NYSE: BABA) shares rose nearly 5% in Monday’s premarket trading, climbing to $128.03, as investors responded positively to the company’s expansion of its artificial intelligence capabilities. The stock’s gain reflects improved risk appetite among investors rotating into large-cap technology stocks, with Nasdaq futures rising 0.57% and S&P 500 futures gaining 0.46%. This move extends Alibaba’s recovery from June lows, pushing shares closer to key long-term technical levels after a prolonged period below major moving averages.

The primary catalyst for the rally is Alibaba’s decision to make its next-generation flagship AI model, Qwen3.8-Max, widely available to global users. This release signals a strategic pivot back to open-sourcing its most advanced models, reversing a trend earlier this year where several flagship releases remained proprietary. The move is designed to unlock value from Alibaba’s AI strategy by widening access to its cloud platform for developers and enterprises, positioning it as a critical layer for workplace productivity and software development.

Qwen3.8-Max is a 2.4-trillion-parameter model featuring a context window of up to 1 million tokens. It is accessible via Alibaba Cloud’s Model Studio APIs and QwenWork, the company’s workplace AI agent platform. The model supports complex tasks such as processing lengthy documents, television series, and live streams to create searchable knowledge bases. Additionally, it can recreate software applications from screenshots, generate interactive games and educational animations, and convert two-dimensional floor plans into 3D visualizations.

Alibaba stated that Qwen3.8-Max ranks fifth on Text Arena and second on Vision Arena, trailing only select models from Anthropic’s Claude series. The company also noted performance comparable to, and in some cases better than, Anthropic’s Fable 5 on several benchmarks, while ranking ahead of Moonshot AI’s Kimi K3 on multiple measures. Vey-Sern Ling, managing director at Union Bancaire Privée, told Bloomberg that Alibaba’s latest release adds proof that the gap between Chinese and U.S. AI models is narrowing quickly, countering skepticism driven by U.S. chip restrictions.

Commercially, Alibaba priced Qwen3.8-Max at $2 per 1 million input tokens and $6 per 1 million output tokens, offering a competitive alternative to leading U.S. offerings. The company also launched QwenWork in public beta through web and desktop apps. This platform combines existing agent tools — QoderWork, MuleRun, and Wukong — and will be integrated into DingTalk, providing another route to embed AI into enterprise software and developer workflows.

What the Numbers Show

The aggressive pricing of Qwen3.8-Max suggests Alibaba is prioritizing market share and ecosystem adoption over immediate margin maximization in its AI cloud segment. By undercutting or matching U.S. competitors while offering comparable or superior benchmark performance, Alibaba aims to drive volume through its Model Studio APIs. This strategy aligns with the company’s broader effort to revitalize its cloud business, which is central to its long-term growth narrative despite current technical headwinds.

Technical Outlook and Analyst Sentiment

Despite the premarket gains, Alibaba’s technical picture remains mixed. Shares traded around $128, standing 12.7% above its 20-day simple moving average of $113.41 and 12.1% above its 50-day simple moving average of $114.08. However, the stock remains 9.4% below its 200-day simple moving average of $141.06, indicating the longer-term recovery is still developing. The moving average convergence divergence (MACD) indicator remains above its signal line with a positive histogram, suggesting strengthening buying momentum.

Wall Street expects Alibaba to report quarterly results on Aug. 28, with consensus estimates of $2.51 per share on revenue of $38.72 billion, compared to $2.06 per share and $34.57 billion in the year-ago quarter. The stock carries a consensus Buy rating with an average analyst price forecast of $192.67. Recent analyst actions include Susquehanna raising its price forecast to $185 on May 15, JPMorgan increasing its target to $205 on May 14, and Barclays raising its target to $195 on May 14.

ETF Ownership Exposure

Alibaba remains a significant holding in several emerging-market exchange-traded funds, which could influence trading volume based on fund flows:

• Avantis Emerging Markets Equity ETF (NYSE: AVEM): 0.78% weighting
• Nomura Focused Emerging Markets Equity ETF (NASDAQ: EMEQ): 2.85% weighting
• Avantis Responsible Emerging Markets Equity ETF (NYSE: AVSE): 0.94% weighting