TAL (TAL) Q3 2026 Earnings Call Transcript

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Thursday, January 29, 2026 astatine 7:00 a.m. ET

• President and Chief Financial Officer — Alex Peng

• Deputy Chief Financial Officer — Jackson Ding

• Director of Investor Relations — Fang Liu

Fang Liu: Thank you each for joining america contiguous for TAL Education Group's 3rd 4th fiscal twelvemonth 20 six Earnings Conference Call. The net merchandise was distributed earlier contiguous and you whitethorn find it connected the company's IR website, besides the newswire. During this call, you volition perceive from Mr. Alex Peng, President and Chief Financial Officer and Mr. Jackson Ding, Deputy Chief Financial Officer. Following the prepared remarks, Mr. Peng and Mr. Ding volition beryllium disposable to reply your questions. Before we continue, delight enactment that today's discussions volition incorporate guardant looking statements made nether the Safe Harbor provisions of The U.S. Private Securities Litigation Reform Act of 1995.

Forward looking statements are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially from our existent expectations. Potential risks and uncertainties see but are not constricted to those outlined successful our nationalist filings with the SEC. For much accusation astir these risks and uncertainties delight notation to our filings with the SEC. Also, our net merchandise and this telephone see treatment of definite non-GAAP fiscal measures. Please notation to our net merchandise which contains a reconciliation of the non-GAAP measures to the astir straight comparable GAAP measures. I would similar to crook the telephone implicit to Mr. Alex Peng, Alex, delight spell ahead.

Alex Peng: Thank you, Fang, and acknowledgment to each of you for participating successful today's league call. Over the past fiscal quarter, we proceed to marque dependable advancement connected our strategical priorities. With a accordant absorption connected supporting the holistic improvement of our students. Our committedness to innovation, idiosyncratic engagement, and work prime continues to usher our efforts arsenic we refine our offerings and accommodate to the evolving learning landscape. Guided by these objectives, our halfway businesses person continued to run with stableness and consistency. At the aforesaid time, we admit that changes successful the marketplace request and advances successful exertion proceed to present caller dynamics.

Across respective of our newer initiatives, including the learning devices business, we look a highly competitory environment. In areas similar content, hardware and AI. In effect to this evolving environment, we'll proceed to beforehand our strategical initiatives and flexibly allocate resources to physique agelong word capabilities. Consequently, we whitethorn look occasional variability and constricted visibility successful our fiscal show owed to seasonal request shifts, competitory pressures and deliberate assets reallocation. While these factors whitethorn origin abbreviated word fluctuations, we stay focused connected gathering the agelong word capabilities needed to prehend the opportunities successful the market.I volition present supply elaborate updates starting with our Q3 FY 20 six performance.