GDS builds and runs data centers in China, renting space, power, and cooling to cloud giants and big firms—like a landlord for servers.
Money comes from recurring colocation and managed hosting contracts, with gross margin around 24% and net margin near 30% in the latest TTM.
Switching costs are high once customers' servers are inside, but competition from Alibaba Cloud and Tencent Cloud building their own facilities erodes pricing power.
Sell (sector percentile 19) — value B+, growth A, profitability C, momentum D, revisions D-. Updated daily, sector-relative, identical for every user.
Key events, in time order
EPS misses consensus but turns profitable YoY (loss of $0.06/share a year ago)
AI demand drives strongest sales momentum, but utility costs compress margins; FY bookings target raised
~200MW net new bookings in Q1; 2026 sales target ≥500MW, YTD >340MW
ShawSpring initiated; MY Alpha boosted +88%, signaling institutional interest in GDS's AI infra play
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
