GDS Stock Falls Despite Q1 Beat As Guidance Trails Estimates

GDS Holdings reported strong Q1 2026 results with revenue of $488.1M (23.6% YoY growth) and EPS of $1.53, both exceeding expectations. The company achieved record quarterly bookings of 200MW driven by AI data center demand. However, shares fell 6.41% as management reiterated full-year 2026 guidance of $1.749-$1.819B in revenue, below the consensus estimate of $1.90B.