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Full Truck Alliance Co. Ltd. (NYSE:YMM) is one of the best new tech stocks with highest upside potential. On May 21, Full Truck Alliance announced its unaudited financial results for Q1 2026, reporting a 5.5% year-over-year increase in total net revenues to RMB2,848.4 million ($412.9 million). Net income for the quarter was RMB994.1 million ($144.1 million), compared to RMB1,278.9 million in the same period last year, while non-GAAP adjusted net income reached RMB1,202.0 million ($174.3 million).

Operational metrics showed robust growth, with fulfilled orders rising 14.3% year-over-year to 55.0 million. The digital freight platform also saw average shipper MAUs expand by 12.7% to reach 3.11 million. Growth was heavily supported by transaction service revenue, which surged over 33% year-over-year to RMB1.39 billion, reflecting ongoing improvements in the company’s revenue mix.

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Founder and CEO Peter Hui Zhang attributed the performance to strengthening network effects and increased activity from both shippers and truckers. President Langbo Guo noted that revenue excluding freight brokerage services grew 17% year-over-year, driven by enhancements in user experience. Looking forward, management plans to accelerate the integration of AI across core logistics workflows to lower costs, improve efficiency, and capture new long-term growth opportunities.

Full Truck Alliance Co. Ltd. (NYSE:YMM) creates and operates mobile and website platforms that offer comprehensive services that connect shippers and truckers to facilitate shipments across distance ranges, cargo weights, and types.

While we acknowledge the potential of YMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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