YMM

Interested in Full Truck Alliance Co. Ltd. Sponsored ADR? Here are five stocks we like better. Full Truck Alliance reported solid Q2 growth: Revenue rose 4.4% to RMB 3.38 billion, while net income increased 6.3% to RMB 1.35 billion. Fulfilled orders climbed 12.7% to 68.5 million and shipper monthly active users rose 12.8% to 3.57 million. Platform efficiency reached record levels: The fulfillment rate increased to 47%, up 6.3 percentage points year over year, while the median order-to-capacity matching time fell to five minutes. The company attributed the gains to improved freight classification, capacity allocation and matching efficiency. Monetization and cash generation strengthened: Transaction service revenue grew 33.1% to RMB 1.77 billion as commission penetration reached 94.7%. Operating cash flow totaled RMB 2.15 billion, and management plans to continue quarterly dividends while investing in overseas operations, less-than-truckload services, autonomous delivery and AI. Full Truck Alliance (NYSE:YMM) reported second-quarter 2026 revenue growth of 4.4% as transaction services expanded and platform fulfillment metrics reached record levels, despite what management described as a challenging market environment. Total net revenue was RMB 3.38 billion, while transaction service revenue increased 33.1% year over year to RMB 1.77 billion and accounted for 52% of total revenue. Net income rose 6.3% to RMB 1.35 billion, and adjusted net income increased 6% to RMB 1.43 billion, according to the company. → Looking Beyond CrowdStrike? 3 AI Security Stocks Stand Out The freight-matching platform recorded 68.5 million fulfilled orders during the quarter, an increase of 12.7% from a year earlier. Average shipper monthly active users rose 12.8% to 3.57 million. Full Truck Alliance’s fulfillment rate rose 6.3 percentage points year over year and 2.9 percentage points sequentially to 47%, a record level for the company. Simon Cai, the company’s chief financing and investment officer, said the increase reflected improvements in truck-capacity allocation, freight-demand quality and matching efficiency. → 3 Robotics Stocks Under $10: Value, Momentum, or Bet? Monthly active truckers responding to orders rose nearly 5% year over year, Cai said. The fulfillment rate in the company’s full-truckload long-haul business increased by nearly 7 percentage points, making the segment an important contributor to the overall improvement. The company reorganized its freight offerings into four categories: express, entrusted shipping, general freight and less-than-truckload services. Cai said the more defined product categories help shippers communicate their transportation needs and allow the platform to better match freight with available capacity. → Michael Burry Is Betting Against Palantir Again—Should Investors Care? Direct shippers achieved an average fulfillment rate exceeding 65%, according to Cai, while fulfillment among broker shippers also improved. The median time needed to match an order with capacity fell to five minutes for the first time. Cai said second-quarter order growth was supported by governance measures targeting misclassified carpooling orders, freight reselling and low-priced freight listings. The company said those actions improved the authenticity of freight demand and the reliability of completed transactions, while direct shippers continued to account for a greater share of its shipper base. Management said elevated domestic diesel prices from late March through May weighed on freight demand, particularly for low-value and price-sensitive cargo. Consecutive diesel-price reductions beginning in June eased transportation-cost pressure and supported a recovery in year-over-year platform order growth. Looking forward, Cai said the company remains cautiously optimistic about long-term order growth, citing moderating fuel prices and the opportunity for further online penetration in China’s long-haul freight market. However, he said extreme weather events and natural disasters in parts of China could create near-term disruptions to freight transportation activity. Transaction service revenue growth was driven by the near-complete rollout of the company’s commission network, improving monetization per order and contributions from newer business use cases, Cai said. The company completed the commission-model rollout across eligible cities during the quarter, increasing commission penetration to 94.7%. Management said it is using factors including city, route, vehicle type and user segment to optimize commission strategies. Cai said the company is balancing monetization with trucker economics, including truckers’ take-home earnings, order acceptance, retention and fulfillment performance. Full Truck Alliance also cited preferential access to higher-quality freight, membership benefits, payment protection and operating subsidies as measures intended to support truckers. The company continued transitioning its freight brokerage operation from a traditional self-operated model to a dual-track approach that includes self-operated and aggregator models. Under the self-operated model, the platform handles invoicing and settlement for customers seeking freight matching and value-added tax invoicing. Invoicing-only customers declined to a single-digit percentage of transaction volume during the quarter, and the take rate for self-operated invoicing remained about 10%, Cai said. Under the aggregator model, qualified third-party partners handle invoicing and fund settlement, while Full Truck Alliance focuses on matching freight demand with truck capacity and collects a low-single-digit channel service fee. Revenue associated with this model began being recognized in the freight brokerage business in the second quarter. Cai said the asset-light structure reduces the company’s direct exposure to VAT refund, settlement and operational risks. Net cash provided by operating activities totaled RMB 2.15 billion, while free cash flow was RMB 2.04 billion. Cai attributed the cash generation to improved core-platform profitability, the release of capital from the company’s credit business as it shifts toward an asset-light distribution model, and working-capital management. Full Truck Alliance ended the quarter with RMB 33.4 billion in cash and cash assets. Management said it plans to continue returning value to shareholders through quarterly cash dividends while investing in new initiatives, including overseas operations, less-than-truckload services, autonomous delivery vehicle pilots and artificial-intelligence applications. Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers. The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Full Truck Alliance Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Total Net Revenues: RMB3.38 billion, up 4% year over year. Transaction Service Revenues: RMB1.77 billion, up 33.1% year over year, accounting for 52% of total net revenues. Net Income: RMB1.35 billion, up 6.3% year over year. Non-GAAP Adjusted Net Income: RMB1.43 billion, up 6% year over year. Net Cash Provided by Operating Activities: RMB2.15 billion, a significant year-over-year increase. Total Cash Position: RMB33.4 billion by the end of the quarter. Fulfilled Orders: 68.5 million, up 12.7% year over year. Average Shipper MAUs: 3.57 million, up 12.8% year over year. Fulfillment Rate: 47%, up 6.3 percentage points year over year. Warning! GuruFocus has detected 2 Warning Sign with YMM. Is YMM fairly valued? Test your thesis with our free DCF calculator. Release Date: August 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Full Truck Alliance Co Ltd (NYSE:YMM) delivered resilient growth in Q2 2026, with fulfilled orders reaching 68.5 million, up 12.7% year over year, despite a challenging market environment. The company's fulfillment rate hit a record high of 47%, up 6.3 percentage points year over year, driven by improvements in capacity allocation, freight demand quality, and matching efficiency. Transaction service revenues grew 33.1% year over year to RMB1.77 billion, accounting for 52% of total net revenues, supported by the full rollout of the commission network and refined monetization strategies. Net cash provided by operating activities grew significantly to RMB2.15 billion, reflecting strong cash generation and an asset-light business model, with total cash position reaching RMB33.4 billion. The company is making steady progress in new business initiatives, including the rapid growth of Qmove overseas, nationwide coverage for less-than-truckload offerings, and the expansion of autonomous delivery vehicle partnerships. Full Truck Alliance Co Ltd (NYSE:YMM) continues to advance AI applications across the platform, including AI-powered customer service and matching systems, which are expected to unlock further gains in transaction efficiency. Fuel price volatility since the beginning of the second quarter temporarily impacted overall freight demand and the growth of fulfilled orders on the platform, particularly for low-value, price-sensitive freight. The road freight market continues to face a challenging and evolving macro environment, which could affect future order growth. Recent typhoons, flooding, earthquakes, and other extreme weather events across various parts of China may cause near-term disruption to freight shipping and transportation activities. The transition of the freight brokerage business from a self-operated model to an aggregator model involves phased changes and may reduce revenue in the short term, as the take rate for the self-operated invoicing business remains stable at approximately 10%. Electric trucks, while accounting for over 20% of fulfilled orders, are currently constrained by limited driving range, charging infrastructure, and payload loss, which may limit their adoption in long-haul trucking and affect the capacity mix. The company's cash flow may fluctuate from quarter to quarter due to the timing of business settlements, tax payments, and changes in working capital. Q: Given ongoing fuel price volatility and the rising penetration of electric trucks, do you expect these trends to significantly affect the freight industry's capacity mix and competitive landscape? A: (Chong Cai, CFO) Electric trucks now account for roughly over 20% of our total fulfilled orders, but we do not expect this to materially impact the long-haul full-truckload market. Electric trucks are currently most competitive in short- to medium-haul and local freight operations due to lower energy costs, but they face physical and infrastructure hurdles in ad hoc long-haul trucking, including limited driving range, charging coverage, payload loss from battery weight, and reduced route-planning flexibility. The average shipping distance for full-truckload transactions on our platform exceeds 500 kilometers, making it difficult for electric trucks to replace diesel and natural gas trucks in this market. We believe the evolution of truck capacity will create long-term value for our platform as we leverage our data and algorithms to match different powertrain types with the shipping distances and use cases for which they are best suited. Q: What were the key growth drivers for fulfilled orders in the second quarter, and how do you view order growth over the next few quarters? A: (Chong Cai, CFO) Second-quarter order volume growth of 12.7% year over year was driven by continued improvements in freight order quality and fulfillment efficiency. Our ecosystem governance initiatives targeting misclassified carpooling orders, freight resetting, and low-priced freight listings have improved the authenticity of freight demand. Direct shippers have continued to grow as a share of our shipper base, and our trucker credit-rating program and freight-payment protection mechanism have increased order acceptance among high-quality capacity. The median matching time was shortened to five minutes for the first time. Fuel price volatility temporarily impacted freight demand, but since June, consecutive diesel price cuts have supported a recovery in year-over-year order growth. We remain cautiously optimistic about long-term order growth, though recent extreme weather events may cause near-term disruption. Q: Our fulfillment rate hit a record high of 47% in the second quarter. What were the key drivers, and how do you expect this metric to trend going forward? A: (Chong Cai, CFO) The fulfillment rate increased 6.3 percentage points year over year and 2.9 percentage points quarter over quarter, driven by systemic improvements in capacity allocation, freight demand quality, and matching efficiency. Monthly active truckers responding to orders increased by nearly 5% year over year, and the fulfillment rate for our full-truckload long-haul business increased by nearly 7 percentage points. We resegmented our freight product offering into four clear categories: express, entrusted shipping, general freight, and less-than-truckload, which reduced mismatches throughout the transaction process. The average fulfillment rate among direct shippers exceeded 65%. We expect the fulfillment rate to maintain a steady upward trajectory as we continue to refine operating strategies and integrate AI across the matching and fulfillment process. Q: Transaction service revenue grew 33% year over year in the second quarter. What were the key growth drivers, and how do you view the outlook? A: (Chong Cai, CFO) Transaction service revenue reached approximately RMB1.77 billion, driven by the full rollout of our commission network, which lifted commission penetration to 94.7%, and steady improvement in fulfilled orders. We dynamically optimize our commission strategy based on city, route, vehicle type, and user segment, while protecting trucker earnings to create a sustainable virtuous cycle between transaction scale and monetization. We expect transaction service revenue to deliver high-quality, sustainable long-term growth driven by continued growth in fulfilled orders, higher monetization per order through refined operations, and the scaling of new business use cases. Q: Can you give us an update on the progress of transforming the freight brokerage business during the second quarter? A: (Chong Cai, CFO) We've made steady progress transitioning from a traditional self-operated model to a structure combining self-operated and aggregator operations. Invoicing-only customers declined further to a single-digit percentage of total transaction volume, and the take rate for the self-operated invoicing business remained stable at approximately 10%. The aggregator model, where invoicing and fund-settlement are handled by qualified third-party partners, continued to grow steadily, with the platform charging a low-single-digit channel service fee. This asset-light model significantly reduces our direct exposure to VAT refund, settlement, and operational risk while keeping shippers within our platform ecosystem. As the aggregator model scales, we expect the revenue mix and overall earnings quality of the freight brokerage business to improve further. Q: Operating cash flow was RMB2.15 billion in the second quarter with very strong growth. What are the key drivers behind it? A: (Chong Cai, CFO) Net cash provided by operating activities reached RMB2.15 billion, while free cash flow totaled RMB2.04 billion. This was driven by significantly improved profitability in our core platform business, the release of capital previously tied up in our credit business as we transitioned to a new asset-light distribution model, and efficient working capital management. Our platform businesses benefit from an asset-light model with short cash-collection cycles, and as they contribute a growing share of revenue, our cash conversion improves. While cash flow may fluctuate quarter to quarter due to timing of settlements and tax payments, we expect our long-term cash-generation capabilities to strengthen steadily as our revenue mix shifts toward higher-margin, asset-light platform businesses. Q: How is the company's AI initiative progressing, and what impact is it having on the platform? A: (Hui Zhang, CEO) We continued rolling out our AI systems to a broader user base and fully deployed AI-powered customer service across applicable use cases, further deepening AI applications throughout the fulfillment process. Our comprehensive product portfolio, robust platform ecosystem, and expanding two-sided network give our AI initiatives the fuel they need through transaction data and practical user cases. We will continue to advance AI innovation and applications across the platform to strengthen our ecosystem, improve the experience for shippers and truckers, and create sustainable long-term value for shareholders. Q: What is the company's capital allocation strategy, and how are you returning value to shareholders? A: (Chong Cai, CFO) By the end of the quarter, our total cash position reached RMB33.4 billion, providing ample liquidity to support the rollout of new business initiatives and execution of our long-term strategy. We are committed to continuously returning value to shareholders through quarterly cash dividends. The strong operating cash flow of RMB2.15 billion in the quarter, driven by improved profitability and the transition of our credit business to an asset-light model, supports our For the complete transcript of the earnings call, please refer to the full earnings call transcript.

GUIYANG, China, Aug. 19, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial and Operational Highlights Total net revenues in the second quarter of 2026 were RMB3,381.6 million (US$498.4 million), an increase of 4.4% from RMB3,239.1 million in the same period of 2025. Net income in the second quarter of 2026 was RMB1,345.1 million (US$198.2 million), an increase of 6.3% from RMB1,264.8 million in the same period of 2025. Non-GAAP adjusted net income1 in the second quarter of 2026 was RMB1,433.8 million (US$211.3 million), an increase of 6.0% from RMB1,352.1 million in the same period of 2025. Fulfilled orders2 in the second quarter of 2026 reached 68.5 million, an increase of 12.7% from 60.8 million in the same period of 2025. Average shipper MAUs3 in the second quarter of 2026 reached 3.57 million, an increase of 12.8% from 3.16 million in the same period of 2025. Mr. Peter Hui Zhang, Founder, Chairman, and Chief Executive Officer of FTA, commented, "During the second quarter, we remained focused on enhancing user experience and transaction efficiency. By expanding transaction protections for shippers and truckers, we significantly improved user satisfaction on both sides of the platform and further strengthened our nationwide network effects. Higher order density and growing trucker capacity drove the fulfillment rate to a record high while further shortening matching time. Our new initiatives also progressed: Qmove rapidly grew both order volume and fulfillment rates in overseas markets, our less-than-truckload offerings reached nationwide coverage through partnerships with dedicated-line carriers, and autonomous delivery vehicle pilots expanded to multiple cities. Going forward, our expanding network scale will continue to fuel AI innovation and application across the platform, creating long-term value for our users and shareholders." Mr. Langbo Guo, President of FTA, added, "Total net revenues reached RMB3.38 billion this quarter, up 4.4% year over year. Transaction service revenues grew 33.1% to RMB1.77 billion, accounting for 52.2% of total net revenues. Net income reached RMB1.35 billion, up 6.3% year over year, while non-GAAP adjusted net income increased 6.0% to RMB1.43 billion. Net cash provided by operating activities grew significantly year over year to RMB2.15 billion, and our cash position4 was RMB33.4 billion. Our liquidity position remains strong to support scaling new business initiatives and advancing our long-term strategy, while we continue to return value to shareholders through quarterly cash dividends." Second Quarter 2026 Financial Results Net Revenues (including value added taxes, or "VAT" of RMB1,294.9 million and RMB1,109.2 million for the three months ended June 30, 2025 and 2026, respectively). Total net revenues in the second quarter of 2026 were RMB3,381.6 million (US$498.4 million), representing an increase of 4.4% from RMB3,239.1 million in the same period of 2025, primarily attributable to an increase in revenues from freight matching services. Freight matching services. Revenues from freight matching services in the second quarter of 2026 were RMB3,012.6 million (US$444.0 million), representing an increase of 9.6% from RMB2,747.9 million in the same period of 2025. The increase was mainly due to the sustained increase in transaction service revenues, partially offset by a decrease in freight brokerage revenues. Freight brokerage service. Revenues from freight brokerage service in the second quarter of 2026 were RMB995.4 million (US$146.7 million), compared with RMB1,177.9 million in the same period of 2025, primarily attributable to a decrease in transaction volume, partially offset by an increase in service fee rate. Freight listing service. Revenues from freight listing service in the second quarter of 2026 were RMB250.8 million (US$37.0 million), an increase of 3.3% from RMB242.9 million in the same period of 2025, primarily due to the growing number of total paying members. Transaction service. Revenues from transaction service amounted to RMB1,766.4 million (US$260.3 million) in the second quarter of 2026, an increase of 33.1% from RMB1,327.1 million in the same period of 2025, primarily driven by increases in order volume, penetration rate and per-order transaction service fee. Value-added services.5 Revenues from value-added services in the second quarter of 2026 were RMB369.0 million (US$54.4 million), compared with RMB491.2 million in the same period of 2025. The decrease was primarily due to a decrease in credit solutions revenues. Cost of Revenues (including VAT net of government grants of RMB918.7 million and RMB602.2 million for the three months ended June 30, 2025 and 2026, respectively). Cost of revenues in the second quarter of 2026 was RMB925.9 million (US$136.5 million), compared with RMB1,238.4 million in the same period of 2025, primarily due to decreases in VAT, related tax surcharges and other tax costs, net of grants from government authorities. These tax-related costs net of government grants totaled RMB743.4 million, compared with RMB1,087.1 million in the same period of 2025, primarily due to a decrease in tax costs net of government grants related to the Company's freight brokerage service. Sales and Marketing Expenses. Sales and marketing expenses in the second quarter of 2026 were RMB455.4 million (US$67.1 million), compared with RMB433.8 million in the same period of 2025. The increase was primarily due to additional investments in user ecosystem enhancement and user rights protection, partially offset by efficiency-focused spending on user acquisition. General and Administrative Expenses. General and administrative expenses in the second quarter of 2026 were RMB183.8 million (US$27.1 million), compared with RMB170.3 million in the same period of 2025. The increase was primarily due to higher share-based compensation expenses and professional service fees. Research and Development Expenses. Research and development expenses in the second quarter of 2026 were RMB260.9 million (US$38.5 million), compared with RMB189.6 million in the same period of 2025. The increase was mainly due to the inclusion of R&D costs of Giga.AI Technology Limited ("Giga.AI"), which was consolidated into the Company's financial results since July 2025. Income from Operations. Income from operations in the second quarter of 2026 was RMB1,486.1 million (US$219.0 million), an increase of 30.4% from RMB1,139.6 million in the same period of 2025. Non-GAAP Adjusted Operating Income.6 Non-GAAP adjusted operating income in the second quarter of 2026 was RMB1,580.7 million (US$233.0 million), an increase of 28.5% from RMB1,230.1 million in the same period of 2025. Net Income. Net income in the second quarter of 2026 was RMB1,345.1 million (US$198.2 million), an increase of 6.3% from RMB1,264.8 million in the same period of 2025. Non-GAAP Adjusted Net Income. Non-GAAP adjusted net income in the second quarter of 2026 was RMB1,433.8 million (US$211.3 million), an increase of 6.0% from RMB1,352.1 million in the same period of 2025. Basic and Diluted Net Income per ADS7 and Non-GAAP Adjusted Basic and Diluted Net Income per ADS.8 Basic net income per ADS was RMB1.28 (US$0.19) in the second quarter of 2026, compared with RMB1.20 in the same period of 2025. Diluted net income per ADS was RMB1.28 (US$0.19) in the second quarter of 2026, compared with RMB1.19 in the same period of 2025. Non-GAAP adjusted basic net income per ADS was RMB1.37 (US$0.20) in the second quarter of 2026, compared with RMB1.28 in the same period of 2025. Non-GAAP adjusted diluted net income per ADS was RMB1.36 (US$0.20) in the second quarter of 2026, compared with RMB1.27 in the same period of 2025. Balance Sheet and Cash Flow As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments, long-term time deposits and wealth management products with maturities over one year of RMB33.4 billion (US$4.9 billion) in total, compared with RMB31.5 billion as of December 31, 2025. As of June 30, 2026, the total outstanding loan balance9 was RMB4.3 billion (US$0.6 billion), a decrease of 21.9% from RMB5.5 billion as of December 31, 2025. The total non-performing loan ratio9 was 3.8% as of June 30, 2026, compared with 2.9% as of December 31, 2025, primarily due to the migration of previously delinquent balances to outstanding loans that were over 90 calendar days past due, as well as a rapidly reduced total outstanding loan balance. In the second quarter of 2026, net cash provided by operating activities was RMB2,150.2 million (US$316.9 million), compared with RMB1,313.3 million in the same period of 2025. Free cash flow10 was RMB2,040.0 million (US$300.7 million), compared with RMB1,299.2 million in the same period of 2025. Business Outlook The Company expects its total net revenues to be between RMB3.32 billion and RMB3.42 billion for the third quarter of 2026, compared with RMB3.36 billion in the same period of 2025. These forecasts are based on the Company's current and preliminary view of the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof. Declaration of Quarterly Cash Dividend Pursuant to the Company's shareholder return plan, the board approved a cash dividend for the third quarter of 2026 in the amount of US$0.0042 per ordinary share, or US$0.0840 per ADS, totaling approximately US$87.5 million. The dividend will be paid on or around October 28, 2026, to holders of record of the Company's ordinary shares at the close of business on October 14, 2026. For holders of the Company's ADSs, cash dividends are expected to be paid through the depositary, Deutsche Bank Trust Company Americas, on or around October 28, 2026, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder. The board will review the quarterly cash dividend policy periodically, and may authorize adjustments to the size and terms of the dividends to ensure that the total shareholder return value for fiscal year 2026 will be approximately US$400 million. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at a rate of RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026, as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all. Conference Call The Company's management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on August 19, 2026, or 7:00 P.M. Beijing Time to discuss its financial results and operating performance for the second quarter 2026. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration:https://s1.c-conf.com/diamondpass/10056053-ix3s6v.html Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will join the conference. The replay will be accessible through August 26, 2026, by dialing the following numbers: A live and archived webcast of the conference call will also be available on the Company's investor relations website at ir.fulltruckalliance.com. About Full Truck Alliance Co. Ltd. Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, while enabling other businesses, such as financial institutions, highway authorities and gas station operators, to participate in its ecosystem. With a mission to empower enterprises with greater logistics competitiveness, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com. Use of Non-GAAP Financial Measures The Company uses non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income attributable to ordinary shareholders, non-GAAP adjusted basic and diluted net income per share and non-GAAP adjusted basic and diluted net income per ADS, each a non-GAAP financial measure, as supplemental measures to review and assess its operating performance. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted operating income as income from operations excluding (i) share-based compensation expense; and (ii) amortization of intangible assets resulting from business acquisitions. The Company defines non-GAAP adjusted net income as net income excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted net income attributable to ordinary shareholders as net income attributable to ordinary shareholders excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted basic and diluted net income per share as non-GAAP adjusted net income attributable to ordinary shareholders divided by weighted average number of basic and diluted ordinary shares, respectively. The Company defines non-GAAP adjusted basic and diluted net income per ADS as non-GAAP adjusted net income attributable to ordinary shareholders divided by the weighted average number of basic and diluted ADSs, respectively. The Company defines free cash flow as operating cash flow adjusting for the impact from capital expenditures. Capital expenditures include purchase of property and equipment and intangible assets. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as an analytical tool. The non-GAAP financial measures do not reflect all items of expense that affect its operations. The Company reconciles the non-GAAP financial measures to the nearest U.S. GAAP performance measures. Non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income attributable to ordinary shareholders and non-GAAP adjusted basic and diluted net income per share should not be considered in isolation or construed as an alternative to operating income, net income, net income attributable to ordinary shareholders and basic and diluted net income per share or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review FTA's non-GAAP financial measures against the most directly comparable GAAP measures. FTA's non-GAAP financial measure may not be comparable to similarly titled measures presented by other companies. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FTA's goal and strategies; FTA's expansion plans; FTA's future business development, financial condition and results of operations; expected changes in FTA's revenues, costs or expenses; industry landscape of, and trends in, China's road transportation market; competition in FTA's industry; FTA's expectations regarding demand for, and market acceptance of, its services; FTA's expectations regarding its relationships with shippers, truckers and other ecosystem participants; FTA's ability to protect its systems and infrastructures from cyber-attacks; PRC laws, regulations, and policies relating to the road transportation market, as well as general regulatory environment in which FTA operates in China; the results of regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of health epidemics, extreme weather conditions and production constraints brought by electricity rationing measures; general economic and business condition; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China: Full Truck Alliance Co. Ltd.Mao MaoE-mail: [email protected] Piacente Financial CommunicationsJenny CaiTel: +86-10-6508-0677E-mail: [email protected] In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: [email protected] View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-announces-second-quarter-2026-unaudited-financial-results-302855087.html

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.26%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.17, delivering a surprise of +30.77%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Full Truck Alliance, which belongs to the Zacks Technology Services industry, posted revenues of $498.38 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.66%. This compares to year-ago revenues of $452.16 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Full Truck Alliance shares have lost about 18% since the beginning of the year versus the S&P 500's gain of 12.4%. While Full Truck Alliance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Full Truck Alliance was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.19 on $438.42 million in revenues for the coming quarter and $0.70 on $1.71 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Everpure (P), is yet to report results for the quarter ended July 2026. The results are expected to be released on August 26. This data storage company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +37.2%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. Everpure's revenues are expected to be $1.09 billion, up 27.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report Everpure, Inc. (P) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Alithya Group (ALYAF) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this consulting company would post earnings of $0.05 per share when it actually produced earnings of $0.06, delivering a surprise of +20%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Alithya, which belongs to the Zacks Technology Services industry, posted revenues of $75.89 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 7.16%. This compares to year-ago revenues of $89.73 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alithya shares have lost about 26.3% since the beginning of the year versus the S&P 500's gain of 13.2%. While Alithya has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alithya was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $82.33 million in revenues for the coming quarter and $0.19 on $328.04 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 19. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $458.67 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alithya Group Inc. (ALYAF) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

TTEC Holdings (TTEC) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -86.96%. A quarter ago, it was expected that this customer engagement management company would post earnings of $0.25 per share when it actually produced earnings of $0.15, delivering a surprise of -40%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. TTEC, which belongs to the Zacks Technology Services industry, posted revenues of $455.5 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 4.33%. This compares to year-ago revenues of $513.57 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TTEC shares have lost about 29.2% since the beginning of the year versus the S&P 500's gain of 13.3%. While TTEC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TTEC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $502.64 million in revenues for the coming quarter and $1.15 on $2.03 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 19. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $458.67 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TeleTech Holdings, Inc. (TTEC) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Earnings Call Scheduled for 7:00 A.M. U.S. ET on August 19, 2026 GUIYANG, China, Aug. 5, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that it will release its second quarter 2026 unaudited financial results on Wednesday, August 19, 2026, before the open of the U.S. markets. The Company's management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on August 19, 2026 or 7:00 P.M. Beijing Time to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration:https://s1.c-conf.com/diamondpass/10056053-ix3s6v.html Upon registration, each participant will receive details for the conference call, including dial-in numbers, and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will join the conference. A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until August 26, 2026: A live and archived webcast of the conference call will also be available on the Company's investor relations website at ir.fulltruckalliance.com. About Full Truck Alliance Co. Ltd. Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and transaction services. The Company also provides a range of value-added services that cater to various needs of shippers and truckers, while enabling other businesses, such as financial institutions, highway authorities and gas station operators, to participate in its ecosystem. With a mission to empower enterprises with greater logistics competitiveness, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com. For investor and media inquiries, please contact: In China: Full Truck Alliance Co. Ltd.Mao MaoE-mail: [email protected] Piacente Financial CommunicationsJenny CaiTel: +86-10-6508-0677E-mail: [email protected] In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: [email protected] View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-to-announce-second-quarter-2026-financial-results-on-wednesday-august-19-2026-302843381.html

Onterris (ONT) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +30.77%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.12, delivering a surprise of -14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Onterris, which belongs to the Zacks Business - Information Services industry, posted revenues of $186.66 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 6.1%. This compares to year-ago revenues of $234.54 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Onterris shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 13%. While Onterris has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Onterris was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.48 on $247.14 million in revenues for the coming quarter and $1.53 on $852.18 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Information Services is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Business Services sector, Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $458.67 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Onterris, Inc. (ONT) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MNTN Inc. (MNTN) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to a loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.11, delivering a surprise of -8.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. MNTN Inc., which belongs to the Zacks Technology Services industry, posted revenues of $82.54 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $68.46 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MNTN Inc. shares have lost about 20.2% since the beginning of the year versus the S&P 500's gain of 11%. While MNTN Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MNTN Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $86.47 million in revenues for the coming quarter and $0.99 on $350.72 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $458.67 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MNTN Inc. (MNTN) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

V2X (VVX) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.10%. A quarter ago, it was expected that this government services company would post earnings of $1.18 per share when it actually produced earnings of $1.53, delivering a surprise of +29.66%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. V2X, which belongs to the Zacks Technology Services industry, posted revenues of $1.26 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.08%. This compares to year-ago revenues of $1.08 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. V2X shares have added about 65.4% since the beginning of the year versus the S&P 500's gain of 9.4%. While V2X has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for V2X was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.56 on $1.22 billion in revenues for the coming quarter and $6.16 on $4.94 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Full Truck Alliance Co. Ltd. Sponsored ADR (YMM), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $458.67 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report V2X, Inc. (VVX) : Free Stock Analysis Report Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Full Truck Alliance Co. Ltd. Sponsored ADR? Here are five stocks we like better. Full Truck Alliance reported steady Q1 2026 growth, with fulfilled orders up 14.3%, shipper monthly active users rising 12.7% to 3.11 million, and total net revenue increasing 5.5% to RMB 2.85 billion. Management said platform governance efforts improved order quality and fulfillment, helping the company reach a record 44.1% fulfillment rate, while direct shippers and professional shippers both posted stronger performance. The company is expanding AI, fuel, and brokerage initiatives, including AI tools for shipment posting and matching, a larger fueling network with Sinopec, and a more asset-light dual-track brokerage model. Full Truck Alliance (NYSE:YMM) reported steady first-quarter 2026 growth, with management pointing to stronger order activity, improved platform governance and increased use of artificial intelligence tools across its digital freight marketplace. Founder, Chairman and Chief Executive Officer Hui Zhang said the company remained focused on “high-quality growth and digital innovation” despite a “complex and rapidly evolving market environment.” He said fulfilled orders rose more than 14% year over year in the quarter, while average shipper monthly active users reached 3.11 million, up 13% from a year earlier. → NVIDIA Price Pullback? Don’t Count on It, Business Is Accelerating Financially, Zhang said total net revenue increased 5.5% year over year to RMB 2.85 billion. Excluding freight brokerage services, net revenue reached RMB 2.02 billion, up 17%. He also said transaction service revenue reached RMB 1.39 billion, while net cash provided by operating activities rose significantly year over year to RMB 1.56 billion. Chief Financial Officer Simon Tai said fulfilled order growth accelerated to 14.3% in the first quarter, ahead of the company’s expectations. He attributed the improvement primarily to the easing impact of earlier platform governance efforts, including measures targeting misclassified carpooling orders, freight reselling and real-name verification. → CAVA Group’s Stock Looks Delicious After Strong Earnings Tai said those actions had temporarily weighed on order growth in the prior quarter but had begun to produce structural benefits, including improved freight authenticity, pricing discipline and fulfillment reliability. He also said oil price volatility from March onward highlighted the platform’s price discovery advantages. As fuel prices moved higher, Tai said offline freight brokers and relationship-based trucking networks had more difficulty passing through cost increases, while Full Truck Alliance’s platform allowed for real-time supply-and-demand pricing. → SpaceX IPO: Opportunity? Or the Ultimate Hype Trade? A third factor, Tai said, was improved operating efficiency. He pointed to updates such as iterations of the company’s freight zone feature, broader freight payment protection and deeper integration of instant cargo functions with trucker credit ratings. Tai said every shipper segment, including broker and direct shippers, posted double-digit year-over-year fulfilled order growth in the quarter. The company’s overall fulfillment rate reached 44.1% in the first quarter, up 4.9 percentage points year over year and 1.4 percentage points sequentially, according to Tai. He said the metric set another record for the company. Tai said the improvement was driven by a more favorable order mix, stronger operating measures and ecosystem governance. Direct shippers accounted for a growing share of fulfilled orders, and Tai said these customers tend to have higher fulfillment reliability and stronger execution commitment. He also said fulfillment rates among professional shippers, including 1688.com members, improved year over year and quarter over quarter. Tai cited the ongoing effects of governance programs, real-name verification, shipper star ratings and abnormal order behavior monitoring, as well as product improvements such as a rebuilt shipping workflow and a secondary confirmation step for new freight listings. Management said shipper monthly active users reached 3.11 million in the first quarter, up 12.7% year over year. Tai said the growth was driven by improved customer acquisition efficiency, expanded product benefits and stronger user trust. He said app stores, information feed advertising and cross-brand partnerships remained the company’s main acquisition channels. Referral-driven acquisition also remained an important contributor, with referred shippers outperforming platform averages on fulfillment rates and long-term retention, according to Tai. On the trucker side, Tai said monthly active truckers responding to orders held steady at about 3 million. He said the share of new energy vehicles among newly onboarded active truckers continued to grow, supported by lower operating costs and policy tailwinds. Full Truck Alliance also expanded freight payment protection from member truckers to its full trucker base. Tai said the program now covers more than 90% of freight listings on the platform. For protected orders, the platform intervenes in cases of delayed or defaulted freight payments and may cover shortfalls if disputes remain unresolved after the overdue period. In response to higher fuel prices, Tai said the company implemented a freight rate fuel price linkage mechanism, including raising reference freight rates and bidding floor prices. Full Truck Alliance also launched shipper outreach campaigns to raise awareness of fuel cost conditions and encourage fair bidding practices. The company also continues to develop its fueling business. Tai said Full Truck Alliance has expanded its fueling network to about 12,000 gas stations and entered a strategic cooperation agreement with Sinopec in late April. The partnership has gone live in Jiangsu, Zhejiang and Anhui provinces, with more than 3,000 Sinopec stations accessible through the platform. Tai said the fueling business operates under an asset-light facilitation model, allowing verified truckers to access preferential fuel rates through station partners, net of a modest service fee. Tai said Full Truck Alliance’s freight brokerage business has transitioned into a dual-track model, combining a self-operated business with an aggregator model. Under the self-operated model, the company directly manages invoicing and settlement and serves small and midsize shippers with freight matching and VAT invoice issuance. Under the aggregator model, qualified third-party partners handle invoicing and settlement, while Full Truck Alliance focuses on freight matching and capacity allocation. Tai said the shift reduces regulatory exposure, supports a more asset-light operating profile and helps retain shippers with invoicing needs inside the platform’s ecosystem. On AI, Tai said the company’s initiatives moved in the first quarter from exploration to targeted capability refinement and testing. The company is building AI agents for shipment posting, freight matching and order fulfillment, along with AI-powered customer service. He said AI-assisted shipment posting pilots among direct shippers showed fulfillment rates “materially above average.” The company also plans to introduce multimodal capabilities, including screenshot-based posting, and further integrate AI tools with WeCom and OpenAPI for enterprise users. Looking ahead, Tai said management remains confident in sustaining solid growth, supported by platform governance benefits, a rising share of direct shipper orders and deeper AI use across matching and fulfillment. Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers. The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Full Truck Alliance Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.