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Strategic planning is critical for multi-step reasoning, yet compact Language Language Models (LLMs) often lack the capacity to formulate global strategies, leading to error propagation in long-horizon tasks. Our analysis reveals that LLMs possess latent reasoning capabilities that can be unlocked when conditioned on explicit plans from a teacher model; however, runtime reliance on external guidance is often impractical due to latency and availability constraints. To bridge this gap, we propose \textbf{PILOT} (\textbf{P}lanning via \textbf{I}nternalized \textbf{L}atent \textbf{O}ptimization \textbf{T}rajectories), a non-invasive framework designed to internalize the strategic oversight of large models into intrinsic \emph{Latent Guidance}. Instead of altering backbone weights, PILOT employs a lightweight Hyper-Network to synthesize a query-conditioned \emph{Latent Guidance}. This vector acts as an internal steering mechanism, guiding the model’s representations toward optimal reasoning paths. Extensive experiments on mathematical and coding benchmarks demonstrate that PILOT effectively stabilizes reasoning trajectories, consistently outperforming strong baselines (e.g., +8.9% on MATH500) with negligible inference latency. Our code is available at: \url{https://anonymous.4open.science/r/PILOT-B266}

ACL 2026

PILOT: Planning via Internalized Latent Optimization Trajectories for Large Language Models

## Welcome!
"I am excited to welcome you to this year’s edition of the Conference on Empirical Methods in Natural Language Processing! Importantly, it marks the 30th edition of EMNLP. With over 8,000 submissions, more than 3,000 accepted papers, and thousands of attendees, we have come a long way from that first
workshop, which had 14 accepted papers. As the field looks ahead, Suzhou is the fitting location for celebrating this milestone: rooted in a long literary tradition, yet modern and forward-looking, and home to a large share of the NLP community." 

*Message from the General Chair, Dirk Hovy*

EMNLP 2025

Celebrate 30 Years of EMNLP! 
EMNLP 2025 will be held in Suzhou, China from November 5th to November 9th, 2025.

poster

It is my great pleasure and honor to welcome you to the 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026), held in San Diego, California, USA, July 2–7, 2026. ACL 2026 continues our fields tradition of excellence in scholarship, innovation, and inclusivity, and I am deeply grateful to the many volunteers who have worked tirelessly to bring this event to life.

It is exciting to see the many developments in the field reflected at our conference, such as the advancement of large language models (born out of our community) into many application directions. This is not without challenges, partly due to unsolved problems, and partly due to misuse of the technology. All this is reflected well at ACL 2026. The conference also reflects that the field is not only about advancing technology, but also the science of fundamentally understanding language and how it is use by many different speaker communities. 
[Full Message from General Chair Philipp Koehn](https://drive.google.com/file/d/1QiJFOmMjvDgsDo3i1XzlQnImxe3RU_Cy/view?usp=sharing) 
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The 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026) will take place in San Diego, California, from July 2 - 7, 2026.

Large Vision-Language Models (LVLMs) excel at visual understanding but face severe computational bottlenecks when processing high-resolution images and long videos due to massive visual token counts. Token pruning mitigates this by selectively removing less informative tokens while maintaining performance. However, existing methods vary widely in pruning location (vision encoder vs. LLM decoder), importance criteria (attention vs. similarity vs. learned scores), and application strategy, lacking systematic comparison. This survey presents the first comprehensive review of token pruning for LVLMs. We propose a taxonomy categorizing methods into vision-side, LLM-side, and hybrid paradigms, systematically analyze token selection mechanisms and pruning strategy. We further discuss evaluation protocols and identify key challenges including prompt-adaptive pruning and hardware-aware design. Our survey provides a structured foundation for this rapidly growing research area.

Reducing Token Redundancy in LVLMs: A Systematic Review of Token Pruning Methods

Visualizations play a pivotal role in daily communication in an increasingly data-driven world. Research on multimodal large language models (MLLMs) for automated chart understanding has accelerated massively, with steady improvements on standard benchmarks. However, for MLLMs to be reliable, they must be robust to misleading visualizations, i.e., charts that distort the underlying data, leading readers to draw inaccurate conclusions. Here, we uncover an important vulnerability: MLLM question-answering (QA) accuracy on misleading visualizations drops on average to the level of the random baseline. To address this, we provide the first comparison of six inference-time methods to improve QA performance on misleading visualizations, without compromising accuracy on non-misleading ones. We find that two methods, table-based QA and redrawing the visualization, are effective, with improvements of up to 19.6 percentage points. We make our code and data available.

Protecting multimodal large language models against misleading visualizations

Large Language Models (LLMs) achieve strong performance through extended inference-time deliberation, yet how their reasoning failures arise remains poorly understood. By analyzing model-generated reasoning trajectories, we find that errors are not uniformly distributed but often originate from a small number of early transition points, after which reasoning remains locally coherent but globally incorrect. These transitions coincide with localized spikes in token-level entropy, and alternative continuations from the same intermediate state can still lead to correct solutions. Based on these observations, we introduce GUARD, a targeted inference-time framework that probes and redirects critical transitions using uncertainty signals. Empirical evaluations across multiple benchmarks confirm that interventions guided by these failure dynamics lead to more reliable reasoning outcomes. Our findings highlight the importance of understanding when and how reasoning first deviates, complementing existing approaches that focus on scaling inference-time computation.

Dissecting Failure Dynamics in Large Language Model Reasoning

Kullback-Leibler (KL) divergence regularization is essential for stabilizing reinforcement learning from human feedback (RLHF) in large language models (LLMs), yet its exact computation requires summing over vocabularies of all tokens, incurring prohibitive memory costs during training. Existing stochastic estimators circumvent this bottleneck by estimating KL divergence using only the sampled token from the trajectory, but suffer from high variance ($k_1$) or systematic bias ($k_2$). We propose \textbf{TIKE} (Top-$k$ Importance-weighted KL Estimator), which exploits the Zipfian structure of language model distributions: by deterministically integrating over only the top-$k$ tokens, TIKE captures most of the probability mass while effectively reducing memory cost. To ensure correctness in off-policy settings characteristic of Group Relative Policy Optimization (GRPO), we incorporate importance sampling weights that correct for distribution shift between rollout and optimization policies. Experiments on models across diverse benchmarks demonstrate that TIKE consistently outperforms stochastic baselines, while exhibiting substantially lower gradient variance. Our analysis reveals that TIKE closely tracks the exact Rao-Blackwellized estimator with near-zero variance, offering a practical path toward stable, memory-efficient KL regularization for reasoning-intensive LLMs training.

Efficient KL Divergence Estimation via Truncated Top-K Integration for Large Language Models

Individual investors are significantly outnumbered and disadvantaged in financial markets, overwhelmed by abundant information and lacking professional analysis. Equity research reports stand out as crucial resources, offering valuable insights. By leveraging these reports, large language models (LLMs) can enhance investors' decision-making capabilities and strengthen financial analysis. However, two key challenges limit their effectiveness: (1) the rapid evolution of market events often outpaces the slow update cycles of existing knowledge bases, (2) the long-form and unstructured nature of financial reports further hinders timely and context-aware integration by LLMs. To address these challenges, we tackle both data and methodological aspects. First, we introduce the Event-Enhanced Automated Construction of Financial Knowledge Graph (FinKario), a dataset comprising over 305,360 entities, 210,328 relational triples, and 19 distinct relation types. FinKario automatically integrates real-time company fundamentals and market events through prompt-driven extraction guided by professional institutional templates, providing structured and accessible financial insights for LLMs. Additionally, we propose a Two-Stage, Graph-Based retrieval strategy (FinKario-RAG), optimizing the retrieval of evolving, large-scale financial knowledge to ensure efficient and precise data access. Extensive experiments show that FinKario with FinKario-RAG achieves superior stock trend prediction accuracy, outperforming financial LLMs by 18.81% and institutional strategies by 17.85% on average in backtesting. \footnote{Our code is available at \url{https://github.com/Jackson906E/FinKario}.}

FinKario: Event-Enhanced Automated Construction of Financial Knowledge Graph

Mixture-of-Agents (MoA) improves LLM performance through layered collaboration, but its dense topology raises costs and latency. Existing methods employ LLM judges to filter responses, yet still require all models to perform inference before judging, failing to cut costs effectively. They also lack model selection criteria and struggle with large model pools, where full inference is costly and can exceed context limits. To address this, we propose **RouteMoA**, an efficient mixture-of-agents framework with dynamic routing. It employs a lightweight *scorer* to perform initial screening by predicting coarse-grained performance from the query, narrowing candidates to a high-potential subset without inference. A *mixture of judges* then refines these scores through lightweight self- and cross-assessment based on existing model outputs, providing posterior correction without additional inference. Finally, a *model ranking* mechanism selects models by balancing performance, cost, and latency. RouteMoA outperforms MoA across varying tasks and model pool sizes, reducing cost by 89.8% and latency by 63.6% in the large-scale model pool. Code is available at https://github.com/Jize-W/RouteMoA.

 RouteMoA: Dynamic Routing without Pre-Inference Boosts Efficient Mixture-of-Agents

Despite the recent success of instruction-tuned language models and their ubiquitous usage, very little is known of how models process instructions internally. In this work, we address this gap from a mechanistic point of view by investigating how instruction-specific representations are constructed and utilized in different stages of post-training: Supervised Fine-Tuning (SFT) and Direct Preference Optimization (DPO). Via causal mediation, we identify that instruction representation is fairly localized in models. These representations, which we call Instruction Vectors (IVs), demonstrate a curious juxtaposition of linear separability along with non-linear causal interaction, broadly questioning the scope of the linear representation hypothesis commonplace in mechanistic interpretability. To disentangle the non-linear causal interaction, we propose a novel method to localize information processing in language models that is free from the implicit linear assumptions of patching-based techniques. We find that, conditioned on the task representations formed in the early layers, different information pathways are selected in the later layers to solve that task, i.e., IVs act as circuit selectors.

Patches of Nonlinearity: Instruction Vectors in Large Language Models

Legal judgment prediction serves as a pivotal task in intelligent judicial systems. Although large language models have achieved remarkable progress in general reasoning, they struggle with tasks that require fine-grained distinctions between similar charges. These models often select plausible charges directly without discriminating among closely related alternatives. In this paper, we introduce GLARE, an agentic legal reasoning framework that enables models to actively retrieve and apply external knowledge during decision-making. Unlike static prediction, GLARE simulates comparative reasoning by dynamically expanding the decision space to include confusing candidates, then retrieving exclusionary logic from precedents and statutes to identify the correct judgment. Experiments on real-world datasets show that our method significantly outperforms strong baselines, especially on complex cases involving confusing or rare charges. The code is available at \url{https://anonymous.4open.science/r/GLARE-LJP-8EDF}.

GLARE: Agentic Reasoning for Legal Judgment Prediction

In-context learning (ICL) enables models to adapt to new tasks via inference-time demonstrations. Despite its success in large language models, the extension of ICL to multimodal settings remains poorly understood in terms of its internal mechanisms and how it differs from text-only ICL. In this work, we conduct a systematic analysis of ICL in multimodal large language models. Using identical task formulations across modalities, we show that multimodal ICL performs comparably to text-only ICL in zero-shot settings but degrades significantly under few-shot demonstrations. To understand this gap, we decompose multimodal ICL into task mapping construction and task mapping transfer, and analyze how models establish cross-modal task mappings, and transfer them to query samples across layers. Our analysis reveals that current models lack reasoning-level alignment between visual and textual representations, and fail to reliably transfer learned task mappings to queries. Guided by these findings, we further propose a simple inference-stage enhancement method that reinforces task mapping transfer. Our results provide new insights into the mechanisms and limitations of multimodal ICL and suggest directions for more effective multimodal adaptation.

Why Multimodal In-Context Learning Lags Behind? Unveiling the Inner Mechanisms and Bottlenecks

A promising direction for enabling private queries to large language models (LLMs) is with homomorphic encryption (HE). An open problem is performing token sampling under HE. In this paper, we introduce Hyperion, an efficient HE algorithm for inverse transform sampling, enabling private token sampling with 1 comparison depth, $O(1)$ amortized comparisons, and $O(\log n)$ rotations. We implement our approach and demonstrate that it samples tokens in 0.14 seconds for 32k tokens ($\approx 4.4\ \mu \mathrm{s}$ per token) on GPU, achieving a $100\times$ latency improvement over prior work.

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Reducing Token Redundancy in LVLMs: A Systematic Review of Token Pruning Methods

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