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GDS Holdings/$GDS

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About GDS Holdings

GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
Ticker
$GDS
Sector
Business services
Primary listing
NASDAQ
Employees
2,434
Headquarters
Shanghai, China

GDS Holdings Metrics

BasicAdvanced
$4.4B
8.78
$2.50
0.43
-

What the Analysts think about GDS Holdings

Analyst ratings (Buy, Hold, Sell) for GDS Holdings stock.
Analyst projections of the future price of GDS Holdings stock.

Bulls say / Bears say

AI-driven customer demand prompted GDS to raise its 2026 sales target to 1GW; its backlog reached 757MW by mid-year, giving it a substantial base of contracted work to convert. (Data Center Dynamics)
Second-quarter revenue rose 6.5% year on year, and GDS raised its 2026 revenue and adjusted EBITDA guidance. That points to stronger near-term trading than the company had previously expected. (GDS Holdings)
DayOne, which grew out of GDS’s international business, secured a US$4.5bn equity round and expanded its Johor financing platform to RM30bn. Its regional build-out gives GDS exposure to data-centre growth beyond China through its minority stake. (Data Center Dynamics, DBS)
GDS raised its 2026 capex plan to RMB10bn while carrying RMB46.1bn of debt, including RMB9.2bn due within a year. Funding a rapid build-out may leave the company more exposed to refinancing costs and tighter credit. (GDS Holdings, The Motley Fool)
Management expects monthly recurring revenue to be about 3% lower in the fourth quarter of 2026 than a year earlier, with further pressure from contract renewals and location mix. Weaker revenue per unit could blunt the benefit of adding capacity. (Yahoo Finance)
The three largest hyperscale customers accounted for 77% of first-half bookings. This concentration makes future growth more vulnerable if a few major customers delay or reduce deployments. (Hilo Research)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 2026.

GDS Holdings Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

GDS Holdings Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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