Alibaba FY2027 Q1 Earnings: Cloud Revenue +45% While GAAP Net Income Falls 75%
Alibaba's FY2027 Q1 (quarter ended June 30, 2026) posted RMB 268,953 million revenue (+9%) while GAAP net income fell 75% to RMB 10,444 million. AI Cloud and Compute Services revenue accelerated to +45% with adjusted EBITA up 133%, CapEx rose 75% to RMB 67,678 million, and free cash flow swung to a RMB 44,670 million outflow — every line reconciled FY2023–FY2027 Q1 in a public Beancount ledger kept in RMB millions.