New Oriental Education & Technology Group Inc. (NYSE:EDU) is one of the best mid cap stocks to buy with highest upside potential. On April 22, New Oriental Education & Technology Group reported strong financial results for FQ3 2026. Total net revenues grew by 19.8% year-over-year to $1.417 billion, while net income attributable to the company rose by 45.3% to $126.8 million. Operating income also saw a significant increase of 44.8%, reaching $180.3 million.
Growth was driven by the expansion of new educational initiatives, including non-academic tutoring and intelligent learning systems, alongside steady performance in domestic and overseas test preparation. Leadership emphasized a focus on operational efficiency, AI integration across the education ecosystem, and the continued development of the East Buy platform. These efforts, combined with cost structure optimizations, resulted in an improved non-GAAP operating margin of 14.3%.
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Regarding shareholder returns, the board of directors approved the second installment of a dividend for FY2026, amounting to $0.06 per common share or $0.6 per ADS, payable in June. Additionally, the company continued its share repurchase program, having bought back approximately $184.3 million worth of ADSs as of April 21, out of the authorized $300 million total.
New Oriental Education & Technology Group Inc. (NYSE:EDU) is a Beijing-based provider of private educational services. Founded in 1993, the company operates through four segments, including Educational Services and Test Preparation Courses, and Overseas Study Consulting Services.
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