GDS Holdings Limited Reports First Quarter 2026 Results

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">SHANGHAI, China, May 20, 2026 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GDS" rel="nofollow">GDS</a>, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.</p> <p><strong><em>F</em></strong><strong><em>irst</em></strong><strong><em> Quarter 202</em></strong><strong><em>6</em></strong><strong><em> Financial Highlights</em></strong></p> <ul type="disc"> <li style="text-align:justify;">Net revenue increased by 23.6% year-over-year ("Y-o-Y") to RMB3,367.1 million (US$488.1 million) in the first quarter of 2026 (1Q2025: RMB2,723.2 million). Net revenue excluding some one-time items was RMB2,938.0 million (US$425.9 million), an increase of 7.9% Y-o-Y.</li> <li style="text-align:justify;">Net income increased by 247.1% Y-o-Y to RMB2,652.1 million (US$384.5 million) in the first quarter of 2026 (1Q2025: RMB764.1 million).</li> <li style="text-align:justify;">Net income margin was 78.8% in the first quarter of 2026 (1Q2025: 28.1%).</li> <li style="text-align:justify;">Adjusted EBITDA (non-GAAP) increased by 47.2% Y-o-Y to RMB1,948.7 million (US$282.5 million) in the first quarter of 2026 (1Q2025: RMB1,323.8 million). Adjusted EBITDA (non-GAAP) excluding some one-time items