GDS Holdings (GDS) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Information Technology· Mar 17, 2026

Source: earnings call transcript

GDS Holdings delivered a strong quarter and full year, driven by robust AI-related demand and strategic land bank expansion. The company successfully exceeded its adjusted EBITDA guidance and significantly increased new bookings, positioning itself for accelerated growth in the coming years. Management's focus on financial discipline led to a strengthened balance sheet, enabling further investment in new growth markets.

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GDS operating KPIs by quarter

GDS operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Backlog	<600 MW Our backlog has increased to over 200,000 square meters or almost 600 megawatts most of which we will become billable within the next 6 to 8 quarters. Source: earnings call transcript	757 MW By the middle of the year, our backlog had increased substantially to 757 megawatts. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.