GDS Q2 Income, Revenue Rise; Raises 2026 Revenue Guidance

MT Newswires Live08-13

GDS (GDS) reported Q2 income Thursday of 0.44 Chinese renminbi ($0.07) per diluted share, swinging from a loss of 0.06 renminbi a year earlier.

The company also reported Q2 income per diluted American depositary share of 3.53 renminbi, compared with a loss of 0.46 renminbi a year ago.

Net revenue for the quarter ended June 30 was 3.09 billion renminbi, up from 2.90 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 3.09 billion renminbi.

The company raised its 2026 revenue guidance to 12.70 billion renminbi to 13 billion renminbi from 12.4 billion renminbi to 12.9 billion renminbi. Analysts polled by FactSet expect 12.64 billion renminbi

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