GDS publishes transcript of Q2 2026 earnings call

GDS discussed Q2 2026 results on Aug. 13 with CEO William Huang, CFO Daniel Newman, IR head Laura Chen, and analysts.

• Raised full-year bookings target to 1 GW; reported 260 MW Q2 bookings, 470 MW first-half bookings, and 600 MW reservations.
• Backlog reached 757 MW mid-year; expected above 1 GW by year-end; estimated RMB 2.2 million adjusted EBITDA per MW.
• Forecast 2026 move-in of 235 MW; projected 2027 move-in to more than double, weighted to the second half.
• Lifted 2026 CapEx paid guidance to RMB 10 billion; completed RMB 4.9 billion onshore debt financing in Q2; guidance excludes CREIT injection.