NASDAQ$GDS
GDS Holdings Ltd-ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
GDS Holdings Ltd-ADR reported Q2 2026 results with revenue growth and a swing to net income driven by investment gains.
GDS Holdings Limited announced unaudited financial results for the second quarter ended June 30, 2026. Net revenue rose 6.5% year-over-year to RMB 3,088.0 million, while the company swung to net income of RMB 837.6 million from a loss in the prior year, aided by a significant dilution gain on an equity investment. Adjusted EBITDA increased modestly to RMB 1,406.0 million with a margin of 45.5%.
- Net revenue grew 6.5% YoY to RMB 3,088.0 million, supported by data center ramp-up.
- Net income reached RMB 837.6 million (vs. RMB 70.6 million loss YoY), including a RMB 959.9 million share of equity investee results from dilution gain.
- Adjusted EBITDA rose 2.5% YoY to RMB 1,406.0 million at a 45.5% margin.
- Area utilized increased 13.2% YoY to 542,236 sqm with utilization rate at 79.2%; raised full-year revenue and EBITDA guidance.
Headline financials
Revenue & EPS history
GDS · Revenue · Quarterly
¥458M
Forward guidance
Company raised 2026 full-year revenue guidance to RMB 12,700–13,000 million and Adjusted EBITDA to RMB 5,900–6,100 million; capex guidance increased to around RMB 10,000 million.
Tailwinds
- Strong sales momentum with record bookings
- Raised full-year targets due to AI demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.3%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.1%
Avg return
30 days after
62%
21 / 34 earnings
Positive
+23.2%
Q3 2018
Best reaction
-24.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2025 | +0.5% | +3.0% | -15.1% | |
| Q2 2025 | +7.5% | +5.1% | +23.3% | |
| Q4 2024 | -14.0% | -20.2% | -39.7% | |
| Q1 2024 | -16.0% | -16.8% | -5.7% | |
| Q4 2023 | -24.4% | -20.5% | -14.0% | |
| Q3 2023 | +2.6% | -1.3% | -21.5% | |
| Q2 2023 | +9.3% | +11.8% | +0.1% | |
| Q1 2023 | -1.3% | -2.8% | +10.6% | |
| Q4 2022 | +4.2% | +3.1% | +6.6% | |
| Q3 2022 | -17.5% | -21.0% | +39.1% | |
| Q2 2022 | +3.6% | +11.9% | -19.6% | |
| Q1 2022 | +2.3% | -4.2% | -7.5% | |
| Q4 2021 | +15.2% | +2.6% | -21.4% | |
| Q3 2021 | +1.0% | -6.6% | -23.1% | |
| Q2 2021 | -6.5% | -10.5% | +3.5% | |
| Q1 2021 | -6.6% | -10.6% | +1.0% | |
| Q4 2020 | +5.0% | +1.3% | -12.1% | |
| Q3 2020 | -3.9% | -5.7% | -3.4% | |
| Q2 2020 | -4.8% | -3.8% | -5.5% | |
| Q1 2020 | -0.7% | +1.4% | +7.7% | |
| Q4 2019 | +1.4% | +5.4% | +16.2% | |
| Q3 2019 | +3.3% | +5.4% | +14.3% | |
| Q2 2019 | +1.1% | +5.5% | +12.0% | |
| Q1 2019 | +14.6% | +13.2% | +3.0% | |
| Q4 2018 | +0.4% | +1.6% | +15.0% | |
| Q3 2018 | +23.2% | +26.9% | +14.9% | |
| Q2 2018 | -9.4% | -4.3% | +6.8% | |
| Q1 2018 | +13.9% | +16.8% | +28.6% | |
| Q4 2017 | -9.0% | -5.0% | -10.9% | |
| Q3 2017 | +4.8% | +8.7% | +3.6% | |
| Q2 2017 | +3.3% | +1.0% | +7.3% | |
| Q1 2017 | +4.0% | -0.1% | -9.5% | |
| Q4 2016 | +3.9% | +3.9% | +8.1% | |
| Q3 2016 | -0.5% | -0.1% | -17.0% | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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