Baba Stock Eyes May 13 Alibaba Results After 71% Two-Year Gain
Baba stock heads into May 13 with Alibaba scheduled to report its March quarter and full-year fiscal 2026 results. The filing will give investors a read on whether revenue, cloud growth and AI spending can keep supporting the stock after its recovery from 2025 lows.
Analysts expect March quarter EPS of $1.02, down 35% from $1.57 a year earlier, and full-year fiscal 2026 EPS of $4.32, down 48% from $8.26. For shareholders, that sets up a test of whether the company’s AI-first shift can offset lower profits per share.
Alibaba’s May 13 report
May 13 is the next clear catalyst for Alibaba, which is based in Hangzhou, China and was founded in 1999 by Jack Ma. The company has spent the past year repositioning itself as an AI-first enterprise, and that framing will be on display when it reports results for the March quarter and full-year fiscal 2026.
$41 billion in net cash and a 5% annual reduction in share count give Alibaba more financial flexibility than many large internet peers. That combination has helped support the stock even as shares remain about 29% below the October 2025 high of $192.67.
Cloud growth versus profit decline
RMB 284.8 billion, or $40.7 billion, in revenue in the preceding quarter showed the scale of Alibaba’s core business, with total sales up 9% on a like-for-like basis. Cloud Intelligence Group revenue rose 36% to RMB 43.3 billion, while AI-related product revenue expanded at triple-digit rates for the 10th consecutive quarter.
6% growth in the core China eCommerce segment showed that the retail engine is still contributing, and 88VIP members exceeded 59 million. Alibaba has also integrated its Qwen AI models into its shopping interfaces, and recently added Qwen2.5 Max to automate logistics, price tracking and personalized shopping conversations.
Eddie Wu’s $100 billion target
$100 billion is the target Eddie Wu set for combined cloud and AI revenue over the next five years, a figure that shows how central the technology push has become to the company’s outlook. Alibaba also recently raised $3.2 billion through convertible bonds, adding another layer of funding capacity as it keeps expanding AI infrastructure.
71% is Alibaba’s return over the past two years, even after the stock’s volatility, while its 10% gain over the past year trails the Nasdaq Composite’s roughly 47% rise. If the May 13 results show cloud growth holding up while AI spending stays disciplined, the market will have a clearer read on whether the current recovery can continue.
