JD.com (JD) Q1 2026 (USD) 0.74 (exp. 0.57), Revenue 45.8bln (exp. 45.6bln); company remains confident in full-year trajectory

FURTHER METRICS (CNY) Net revenues 315.7bln (prev. 301.1bln Y/Y), Net income attributable 5.1bln (prev. 10.9bln Y/Y), Non-GAAP net income attributable 7.4bln (prev. 12.8bln Y/Y), Diluted EPS per ADS 3.54 (prev. 7.19 Y/Y), Non-GAAP diluted EPS per ADS 5.12 (prev. 8.41 Y/Y), Free Cash Flow -6.481bln (prev. -21.603bln Y/Y). Operating margin 1.2% (prev. 3.5% Y/Y), Non-GAAP operating margin 1.8% (prev. 3.9% Y/Y), Non-GAAP EBITDA margin 2.5% (prev. 4.6% Y/Y), JD Retail operating margin 5.6% (prev. 4.9% Y/Y). Net revenues +4.9% Y/Y, JD Retail income from operations 15.0bln (prev. 12.8bln Y/Y).