**Alibaba Group Reports Financial Results for Q2 2026**
Alibaba Group announced a total revenue of RMB 269 billion (approximately USD 39.6 billion) for the quarter ending June 30, 2026, marking a 9% year-over-year increase. The company reported a GAAP net income of RMB 10.4 billion (USD 1.5 billion), down 75% compared to the same period last year, primarily due to reduced investment gains. Adjusted EBITDA saw a significant year-over-year decrease of 30% to RMB 27.3 billion (USD 4.0 billion), attributed to heavy investments in technology infrastructure.
Key data points included a remarkable 45% growth in Alibaba Cloud’s external revenue, reaching a peak for the segment with AI-related products maintaining triple-digit growth for 12 consecutive quarters. Capital expenditures reached RMB 67.7 billion (USD 10 billion), a 75% rise year-over-year, focusing on expanding AI infrastructure. The company also reported an outflow of RMB 44.7 billion (USD 6.6 billion) in free cash flow due to heavy spending on cloud infrastructure. As of June 30, 2026, Alibaba held a net cash position of approximately USD 30.7 billion, providing liquidity for future investments.
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