GoAI
Get started
GDS Holdings Limited logo

GDS Holdings Limited

GDS

NASDAQTechnologyInformation Technology Services

Open in GoAI

Previous close

$32.85

$0.00 · 0.00%

Aug 21, 4:00 PM ET

GDS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

74

Undervalued

Momentum

27

Weakening

Sentiment

58

Mixed

Risk resilience

51

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Industry
Information Technology Services
Sector
Technology
Headquarters
CN

Market position

Day range

Current $32.85

52-week range

Current $32.85

Open
$33.535
Previous close
$32.85
Volume
1.14M
Market cap
6.4B USD
50-day average
$32.1668
+2.12% above average
200-day average
$37.7809
-13.05% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
79.62B CNY
P/E (TTM)
11.59×
P/B (TTM)
1.3×
P/S (TTM)
3.45×
EV / EBITDA
13.12×
Earnings yield
2.05%
Free cash flow yield
-2.86%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.34%
Operating margin
16.90%
Net margin
30.52%
Return on equity
3.54%
Return on assets
1.19%
Return on invested capital
1.35%

Financial health

Debt / equity
1.46×
Current ratio
2.6×
Altman Z-score
0.83
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%9%-21%-51%Gross margin, FY2021: 22.76%Gross margin, FY2022: 20.76%Gross margin, FY2023: 19.31%Gross margin, FY2024: 21.53%Gross margin, FY2025: 22.62%Operating margin, FY2021: 7.28%Operating margin, FY2022: 5.92%Operating margin, FY2023: -24.69%Operating margin, FY2024: 11.16%Operating margin, FY2025: 13.44%Net margin, FY2021: -15.18%Net margin, FY2022: -13.61%Net margin, FY2023: -43.09%Net margin, FY2024: 32.01%Net margin, FY2025: 8.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.76%. Gross margin FY2022 20.76%. Gross margin FY2023 19.31%. Gross margin FY2024 21.53%. Gross margin FY2025 22.62%. Operating margin FY2021 7.28%. Operating margin FY2022 5.92%. Operating margin FY2023 -24.69%. Operating margin FY2024 11.16%. Operating margin FY2025 13.44%. Net margin FY2021 -15.18%. Net margin FY2022 -13.61%. Net margin FY2023 -43.09%. Net margin FY2024 32.01%. Net margin FY2025 8.31%.

Income trends

Revenue

11.43B CNY+10.76%

Operating income

1.54B CNY+33.37%

Net income

949.64M CNY-71.26%
Income trends across reported periods13B CNY6.72B CNY426.65M CNY−5.86B CNYRevenue, FY2021: 7.82B CNYRevenue, FY2022: 9.33B CNYRevenue, FY2023: 9.96B CNYRevenue, FY2024: 10.32B CNYRevenue, FY2025: 11.43B CNYOperating income, FY2021: 569.52M CNYOperating income, FY2022: 551.78M CNYOperating income, FY2023: −2.46B CNYOperating income, FY2024: 1.15B CNYOperating income, FY2025: 1.54B CNYNet income, FY2021: −1.19B CNYNet income, FY2022: −1.27B CNYNet income, FY2023: −4.29B CNYNet income, FY2024: 3.3B CNYNet income, FY2025: 949.64M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.82B CNY. Revenue FY2022 9.33B CNY. Revenue FY2023 9.96B CNY. Revenue FY2024 10.32B CNY. Revenue FY2025 11.43B CNY. Operating income FY2021 569.52M CNY. Operating income FY2022 551.78M CNY. Operating income FY2023 −2.46B CNY. Operating income FY2024 1.15B CNY. Operating income FY2025 1.54B CNY. Net income FY2021 −1.19B CNY. Net income FY2022 −1.27B CNY. Net income FY2023 −4.29B CNY. Net income FY2024 3.3B CNY. Net income FY2025 949.64M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue11.43B CNY10.32B CNY9.96B CNY9.33B CNY7.82B CNY
Cost of goods sold8.85B CNY8.1B CNY8.03B CNY7.39B CNY6.04B CNY
Gross profit2.59B CNY2.22B CNY1.92B CNY1.94B CNY1.78B CNY
Research and development32.7M CNY36.32M CNY38.16M CNY35.81M CNY39.34M CNY
Selling, general, and administrative1.05B CNY1.03B CNY1.33B CNY1.34B CNY1.17B CNY
Operating expenses1.05B CNY1.07B CNY4.38B CNY1.38B CNY1.21B CNY
Interest income154.04M CNY89.78M CNY97.55M CNY42.46M CNY50.45M CNY
Interest expense1.79B CNY1.92B CNY2.04B CNY1.89B CNY1.65B CNY
Depreciation and amortization3.57B CNY—3.63B CNY——
Operating income1.54B CNY1.15B CNY−2.46B CNY551.78M CNY569.52M CNY
Net income949.64M CNY3.3B CNY−4.29B CNY−1.27B CNY−1.19B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+978.22%
11 comparable reports
Latest EPS result
0.52
Estimate 0.01 · Beat by 4618.69%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.670.980.28-0.41Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual 0.385, estimate -0.27, surprise +242.56%, Beat. Q2 2025, reported May 20, 2025: actual 0.48, estimate -0.22, surprise +318.18%, Beat. Q3 2025, reported Aug 20, 2025: actual -0.06, estimate -0.11, surprise +45.45%, Beat. Q4 2025, reported Nov 19, 2025: actual 0.45, estimate -0.06, surprise +850.00%, Beat. Q1 2026, reported Mar 17, 2026: actual -0.044, estimate -0.04, surprise -10.80%, Miss. Q2 2026, reported May 20, 2026: actual 1.53, estimate -0.033, surprise +4689.08%, Beat. Q3 2026, reported Aug 13, 2026: actual 0.52, estimate 0.011, surprise +4618.69%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate -0.035, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates507.51M454.67M401.83M348.99MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual 368.51M USD, estimate 426.21M USD, surprise -13.54%, Miss. Q2 2025, reported May 20, 2025: actual 375.14M USD, estimate 376.82M USD, surprise -0.44%, Miss. Q3 2025, reported Aug 20, 2025: actual 404.74M USD, estimate 395.98M USD, surprise +2.21%, Beat. Q4 2025, reported Nov 19, 2025: actual 405.44M USD, estimate 406.06M USD, surprise -0.15%, Miss. Q1 2026, reported Mar 17, 2026: actual 417.69M USD, estimate 420.96M USD, surprise -0.78%, Miss. Q2 2026, reported May 20, 2026: actual 487.99M USD, estimate 436.44M USD, surprise +11.81%, Beat. Q3 2026, reported Aug 13, 2026: actual 454.48M USD, estimate 454.25M USD, surprise +0.05%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 465.98M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$55.83

69.95% upside
Past 12 months12-month forecastHigh $67.50Average $55.83Low $36.00

Rating distribution

20 ratings
Strong buy15%
Buy1785%
Hold210%
Sell00%
Strong sell00%

Recent analyst actions

8 institutions
Citizens Capital MarketsmaintainMarket Outperform

GDS news

benzinga.com

GDS' Record AI-Driven Bookings Fueled By New Markets, 3 Hyperscale Customers

China's largest third-party data center operator reported a 838 million yuan second-quarter profit, as it doubled its 2026 sales target and raised its full-year guidance

Read source
zacks.com

GDS Holdings (GDS) Upgraded to Buy: Here's Why

GDS Holdings (GDS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Read source
zacks.com

GDS Q2 Earnings Call Focuses on AI Demand, 1-GW Sales Target

AI demand drives GDS to record first-half bookings, a 1-GW 2026 sales target and higher guidance as backlog builds toward a 2027 move-in surge.

Read source
seekingalpha.com

GDS Holdings Limited (GDS) Q2 2026 Earnings Call Transcript

GDS Holdings Limited (GDS) Q2 2026 Earnings Call Transcript

Read source
zacks.com

GDS Holdings (GDS) Misses Q2 Earnings and Revenue Estimates

GDS Holdings (GDS) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to a loss of $0.06 per share a year ago.

Read source
marketbeat.com

GDS Q2 Earnings Call Highlights

GDS NASDAQ: GDS said artificial intelligence demand is driving its strongest sales momentum to date, prompting the Chinese data-center operator to raise its full-year 2026 bookings target to 1 gigawatt from 500 megawatts…

Read source

GDS peers

NVIDIA Corporation logo

NVDA

NVIDIA Corporation

$214.72

-0.98%

Apple Inc. logo

AAPL

Apple Inc.

$309.35

-0.63%

Microsoft Corporation logo

MSFT

Microsoft Corporation

$483.24

+0.43%

Broadcom Inc. logo

AVGO

Broadcom Inc.

$368.45

+1.21%

SK hynix Inc. logo

SKHY

SK hynix Inc.

$163.41

+0.20%

Micron Technology, Inc. logo

MU

Micron Technology, Inc.

$966.78

-0.77%

ETFs holding GDS

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - Data Center & Digital Infrastructure ETF logoGlobal X - Data Center & Digital Infrastructure ETFDTCR
Market value
95.39M
Weight
4.39%
AUM
2.17B USD
Expense ratio
0.50%
Price / 1D
$28.32-0.56%
Pacer Data & Infrastructure Real Estate ETF logoPacer Data & Infrastructure Real Estate ETFSRVR
Market value
6.49M
Weight
1.70%
AUM
394.31M USD
Expense ratio
0.49%
Price / 1D
$31.68+0.06%
Global X China Cloud Computing ETF (HKD) logoGlobal X China Cloud Computing ETF (HKD)2826.HK
Market value
5.09M
Weight
3.26%
AUM
182.12M HKD
Expense ratio
0.68%
Price / 1D
HK$54.42-3.58%
Baron Technology ETF logoBaron Technology ETFBCTK
Market value
3.21M
Weight
1.39%
AUM
143.5M USD
Expense ratio
0.75%
Price / 1D
$29.9732+0.80%
Defiance AI & Power Infrastructure ETF logoDefiance AI & Power Infrastructure ETFAIPO
Market value
3.2M
Weight
0.34%
AUM
940.88M USD
Expense ratio
0.69%
Price / 1D
$28.91-0.21%
Invesco Golden Dragon China ETF logoInvesco Golden Dragon China ETFPGJ
Market value
1.9M
Weight
2.05%
AUM
92.77M USD
Expense ratio
0.70%
Price / 1D
$24.32+0.25%
Fidelity Nasdaq Composite Index ETF logoFidelity Nasdaq Composite Index ETFONEQ
Market value
848.25K
Weight
0.01%
AUM
10.35B USD
Expense ratio
0.21%
Price / 1D
$103.14+0.41%
One Global ETF logoOne Global ETFFFND
Market value
666.53K
Weight
0.67%
AUM
99.51M USD
Expense ratio
1.61%
Price / 1D
$33.38+0.45%

Continue in GoAI

Research GDS

research.disclaimer