GDS Holdings (GDS)
NASDAQ:GDS
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
>-0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive operational momentum: large bookings (1.8 GW total; >340 MW YTD), a near‑term >1 GW of bookings + reservations, a sizable secured landbank (~4 GW), stable portfolio economics (~11% gross profit yield), healthy cash (>RMB19B) and a clear multi‑year investment plan (RMB30–50B). Near‑term execution and timing risks were noted (Q2 dip in move‑ins, pockets of aggressive regional pricing, expected increase in net debt/EBITDA to 5–6x as investments accelerate, and dependence on domestic chips for 2026 outlook). Overall, positives — scale, backlog, cash position and stable yields — materially outweigh the manageable near‑term risks.Company Guidance
Strong Bookings and Pipeline
Total bookings up to end of 1Q26 were 1.8 GW; year-to-date new bookings exceed 340 MW toward a 2026 sales target of at least 500 MW; total new bookings plus reservations year-to-date exceed 1.0 GW, providing near certainty of follow-on orders within 1–2 years.
Aggressive 3‑Year Growth Plan and Committed Investment
Company targets adding 500–800 MW of new bookings per year over the next 3 years and plans to commit RMB 30–50 billion of new investment to deliver capacity.
Large Secured Landbank and Backlog
Secured landbank nearly 4.0 GW; initiated >100,000 sqm (~400 MW) of new construction over past 15 months (mostly pre‑committed); backlog increased to >200,000 sqm (~600 MW), with most becoming biddable in 6–8 quarters.
Unit Development Cost and Stable Economics
Unit development cost around RMB 20,000 per kW (stated as ~USD 3 million per MW); adjusted gross profit yield for stabilized assets targeted at 10%–11%, and the in‑service portfolio yield is ~11% (with ~75% utilization).
Revenue and EBITDA Growth
Reported revenue growth in 1Q26 of 7.9% and adjusted EBITDA growth of 8% (excluding one-time items). On a pro forma basis (adding back monetized assets), pro forma revenue and adjusted EBITDA grew ~12%–13%.
Strong Cash Position and Capital Recycling
1Q proceeds included RMB 2.7 billion from an equity sale and RMB 2.1 billion from convertible preferred shares; company holds >RMB 19 billion (~USD 2.7 billion) in cash and time deposits, supporting the planned investment phase.
Reduced Leverage Year‑over‑Year
Net debt to last-quarter annualized adjusted EBITDA declined from 6.8x at end‑2024 to 4.7x at end‑1Q26 (management expects to operate at 5–6x as investment steps up).
Positive Long‑term Returns
Management projects an approximate 20% return on equity from incremental investment assuming a 6‑year investment cycle (development → ramp → stabilized operations → asset monetization).
Move‑in / Utilization Ramp Plan
Net additional area utilized was ~16,000 sqm in 1Q; guidance calls for a dip in 2Q, rebound to ~20,000 sqm per quarter in H2 2026, totaling somewhat over 70,000 sqm for 2026, with a substantial step‑up in 2H 2027 (potentially double 2026 levels).
Maintained Full‑Year Guidance
Company reiterated unchanged full‑year guidance despite stepped-up investment plans and new bookings momentum.
GDS Earnings History
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 |
|---|---|---|---|
May 20, 2026 | $40.41 | $36.66 | -9.28% |
Mar 17, 2026 | $43.16 | $44.26 | +2.55% |
Nov 19, 2025 | $29.02 | $29.75 | +2.52% |
Aug 20, 2025 | $31.59 | $33.90 | +7.31% |
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 (GDS) report earnings?
GDS Holdings (GDS) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is GDS Holdings (GDS) earnings time?
GDS Holdings (GDS) earnings time is at Aug 26, 2026, 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 2026 (Q2) is <0.01.