Key Highlights
- Alibaba's revenue for Q2 fiscal 2026 reached RMB 248 billion, exceeding estimates by RMB 3 billion.
- Cloud segment growth was reported at 34% year-over-year.
- Customer Management Revenue (CMR) increased by 10% year-over-year.
- Benchmark reiterated its 'Buy' rating on Alibaba with a price target of $195.
- Despite strong performance, adjusted EBITDA was slightly below sell-side forecasts.

