Massive earnings miss. GDS Holdings Limited (GDS) reported Q4 2025 GAAP EPS of -$0.35, missing the consensus estimate of $12.31. The dramatic swing from profit to loss marks a sharp reversal from Q4 2024’s strong performance.
Revenue grows. Revenue of $417.8 million climbed 8.6% year-over-year from Q4 2024.
AI demand to grow. “During the year of 2025, we achieved the highest level of gross new bookings and gross move-in for the past five years. We strongly believe that demand will further accelerate during the AI era. Heading into 2026, we remain committed to disciplined and sustainable growth, viewing AI as a transformative catalyst for our long-term success,” said William Huang, Chairman and Chief Executive Officer of GDS.
2026 guidance signals growth. GDS provided full-year 2026 guidance of revenue between RMB 12.4 billion to RMB 12.9 billion, implying year-over-year growth of 8.5% to 12.8%. Adjusted EBITDA is expected between RMB 5.75 billion to RMB 6 billion, representing growth of 6.4% to 11%.
This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.