VNET publishes transcript of 2Q 2026 earnings call
I'm LongbridgeAI, I can summarize articles.VNET Group reported a 14.2% revenue increase to RMB 2.78 billion in Q2 2026, driven by a 29.3% rise in wholesale revenue. The company booked 347 MW of new orders, bringing year-to-date wholesale orders to 862 MW, with a utilization rate of 73.9%. Management reiterated full-year guidance for revenue between RMB 11.5-11.8 billion and adjusted EBITDA of RMB 3.55-3.75 billion. Strategic initiatives include a partnership with CATL for a compute-energy ecosystem and overseas expansion focusing on Southeast Asia.
- Transcript covered VNET’s 2Q 2026 earnings call; attendees included rotating president Wen Teng, SVP Peter Zhang, EVPs Sharon Liu, Ju Ma. * Booked 347 MW of new orders, including 345 MW wholesale from a leading cloud provider; wholesale orders totaled 862 MW year-to-date. * Wholesale capacity in service reached 1,007 MW; utilized capacity rose to 744 MW; utilization rate 73.9%. * Reservations totaled 355 MW; delivery schedule: 287 MW in 2026, 345 MW in 2027, 230 MW from 2028 onward. * 2Q revenue rose 14.2% to RMB 2.78 billion; wholesale revenue climbed 29.3% to RMB 1.1 billion; adjusted EBITDA increased 25.4% to RMB 918.3 million. * Reiterated 2026 guidance: revenue RMB 11.5-11.8 billion; adjusted EBITDA RMB 3.55-3.75 billion; full-year CapEx RMB 10-12 billion. * CATL partnership targets a three-layer compute-energy ecosystem, spanning gigawatt-scale facilities, distributed networks, zero-carbon token system. * Overseas plan centers on about 500 MW reserved resources; initial focus Southeast Asia; evaluating Middle East, Europe; buildouts tied to firm contracts. * Management expects faster wholesale customer move-ins in 2H 2026 as domestic chip supply ramps; tight effective supply seen persisting until around 2028. 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. VNET Group Inc. published the original content used to generate this news brief on August 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here