The earnings call presented a solid financial performance with significant revenue and EBITDA growth, successful capital raising, and strategic milestones such as the C-REIT IPO. However, challenges such as AI demand uncertainty due to chip supply issues and the potential impact of asset monetization on future growth were noted.

Company Guidance -

Q3 2025

During GDS Holdings Limited's Second Quarter 2025 earnings call, significant metrics were highlighted, showcasing the company's robust performance and strategic advancements. Revenue grew by 12.4% and adjusted EBITDA increased by 11.2% year-on-year, with a utilization rate reaching 77.5%. The company successfully raised USD 676 million through convertible bonds and equity, fortifying its balance sheet. A major milestone was achieved with the C-REIT IPO on the Shanghai Stock Exchange, featuring units trading at an implied cap rate below 5%. In Q2 2025, gross move-ins totaled around 20,000 square meters, while gross new bookings reached 23,000 square meters, predominantly from traditional Internet and cloud sectors. GDS secured 246 megawatts of new commitments through its investment in DayOne, bringing total power commitments to over 780 megawatts. Despite a slight decline in MSR per square meter by 1.7% compared to Q2 2024, the company projects continued solid growth, with plans to deliver 35% of its current backlog in the second half of 2025.

Revenue and EBITDA Growth

GDS Holdings reported a 12.4% increase in revenue and an 11.2% increase in adjusted EBITDA year-on-year for Q2 2025.

Successful Capital Raising

Raised USD 676 million through convertible bonds and equity, strengthening the holdco balance sheet.

C-REIT IPO Success

Completed a major milestone in the onshore asset monetization strategy with C-REIT IPO, with units trading at implied cap rates below 5% on the Shanghai Stock Exchange.

Strong Utilization and Bookings

Gross move-in during Q2 '25 was 20,000 square meters with a utilization rate of 77.5%. Gross new bookings were 23,000 square meters.

DayOne Expansion

DayOne added 246 megawatts of new commitments, bringing the total to over 780 megawatts, and announced a second campus site in Finland.

GDS Holdings (GDS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GDS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2025 (Q3)	-0.06 / -	-0.02	―	―	―
Aug 20, 2025	2025 (Q2)	-0.07 / >-0.01	-0.179	95.31% (+0.17)
May 20, 2025	2025 (Q1)	-0.11 / 0.06	-0.268	122.40% (+0.33)
Mar 19, 2025	2024 (Q4)	-0.32 / 0.39	-0.301	230.09% (+0.69)
Nov 19, 2024	2024 (Q3)	-0.19 / -0.02	-0.335	94.17% (+0.32)
Aug 21, 2024	2024 (Q2)	-0.23 / -0.18	-0.179	0.00% (0.00)
May 22, 2024	2024 (Q1)	-0.30 / -0.27	-0.368	27.27% (+0.10)
Mar 26, 2024	2023 (Q4)	-0.35 / -0.30	-0.148	-103.77% (-0.15)
Nov 22, 2023	2023 (Q3)	-0.36 / -0.33	-0.033	-900.00% (-0.30)
Aug 21, 2023	2023 (Q2)	-0.31 / -0.18	-0.038	-374.07% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GDS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	$31.59	$33.90	+7.31%
May 20, 2025	$27.08	$27.58	+1.85%
Mar 19, 2025	$35.58	$30.61	-13.97%
Nov 19, 2024	$23.49	$19.68	-16.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does GDS Holdings Ltd (GDS) report earnings?

GDS Holdings Ltd (GDS) is schdueled to report earning on Nov 25, 2025, Before Open (Confirmed).

What is GDS Holdings Ltd (GDS) earnings time?

GDS Holdings Ltd (GDS) earnings time is at Nov 25, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GDS EPS forecast?

GDS EPS forecast for the fiscal quarter 2025 (Q3) is -0.06.

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