---
title: "GDS net income more than doubled to RMB 2.65 billion in 1Q FY26; revenue rises 23.6% to RMB 3.37 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287052966.md"
description: "GDS Holdings reported a net income of RMB 2.65 billion for 1Q FY26, more than doubling year-over-year, with revenue rising 23.6% to RMB 3.37 billion. Adjusted EBITDA increased 47.2% to RMB 1.95 billion, raising the margin to 57.9%. The company completed a USD 385 million partial sale of shares and maintained its 2026 revenue outlook of RMB 12.4 billion to RMB 12.9 billion."
datetime: "2026-05-20T11:04:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287052966.md)
  - [en](https://longbridge.com/en/news/287052966.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287052966.md)
---

# GDS net income more than doubled to RMB 2.65 billion in 1Q FY26; revenue rises 23.6% to RMB 3.37 billion

-   GDS Holdings posted 1Q 2026 net revenue of RMB 3.37 billion, up 23.6% year over year, while net income more than doubled to RMB 2.65 billion. \* Adjusted EBITDA climbed 47.2% from a year earlier to RMB 1.95 billion, lifting the adjusted EBITDA margin to 57.9% from 48.6%. \* Total area committed and pre-committed rose 11.7% to 725,485 sqm, with utilization edging up 1.6 percentage points to 77.3%. \* GDS completed a USD 385 million partial sale of DayOne ordinary shares, while a private placement of USD 300 million Series B convertible preferred shares carried a minimum 3.75% annual dividend for the first six years. \* Management kept its 2026 outlook unchanged for revenue of RMB 12.4 billion to RMB 12.9 billion, adjusted EBITDA of RMB 5.75 billion to RMB 6 billion, and capex of around RMB 9 billion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GDS Holdings Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605200700PRIMZONEFULLFEED9723825) on May 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [09698.HK](https://longbridge.com/en/quote/09698.HK.md)
- [GDS.US](https://longbridge.com/en/quote/GDS.US.md)
- [DTCR.US](https://longbridge.com/en/quote/DTCR.US.md)
- [IDGT.US](https://longbridge.com/en/quote/IDGT.US.md)

## Related News & Research

- [GDS names Hua Chen audit committee chair after Lim Ah Doo resigns](https://longbridge.com/en/news/287053335.md)
- [GDS Announces Resignation and Appointment of Independent Director and Audit Committee Chair | GDS Stock News](https://longbridge.com/en/news/287053212.md)
- [GDS Holdings Q1 2026 Earnings Call Transcript](https://longbridge.com/en/news/287069931.md)
- [GDS Holdings Limited Reports First Quarter 2026 Results](https://longbridge.com/en/news/287054220.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)