New Oriental Education Reports Strong Q1 Fiscal 2027 Growth and Announces $200 Million Share Repurchase
New Oriental Education (EDU) reported robust first-quarter fiscal 2027 results, highlighted by a 23.1% year-over-year increase in net revenue to $1.87 billion. The company's non-GAAP operating income rose 21.2% to $406.8 million, driven by improved operational efficiency and higher utilization rates across its core tutoring and e-commerce segments. Management is focusing on high-margin growth through disciplined expansion and technological integration. This includes the deployment of a specialized vertical AI learning platform designed for proprietary educational content and a cautious physical classroom expansion strategy based on local demand. To reward shareholders, the company approved a $200 million share repurchase program for 2027 alongside ongoing cash dividends.