GDS (ADR) (GDS)
High-performance, carrier- and cloud-neutral data centers serving Chinese demand hubs.
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High-performance data centers in Chinese demand hubs connect customers to major networks and public clouds. The China-focused operation serves cloud, internet, financial, telecom, IT and enterprise customers, while GDS holds a minority interest in separately run DayOne.
High-performance data centers serve demand hubs in China with carrier- and cloud-neutral connectivity. Facilities are designed around large net floor area, high power capacity and density, efficient operations, and redundant critical systems.
The customer base spans hyperscale cloud providers, internet companies, financial institutions, telecom carriers, IT providers, and domestic and multinational enterprises. The business grew from continuity and disaster-recovery services into self-developed facilities.
DayOne is a separately run international data-center platform in which GDS retains a minority interest and accounts for it as an equity investee. Core operations remain focused on China.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Raymond James | Reiterate | Rating: —Target: $35 | Target: $51 |
| May 21, 2026 | Piper Sandler | Target | Target: — | Target: $36 |
| Mar 18, 2026 | Macquarie | Target | Target: $46.70 | Target: $67.50 |
| Mar 17, 2026 | Morgan Stanley | Target | Target: $13.30 | Target: $64 |
| Dec 1, 2025 | UBS | Target | Target: — | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.23B · Total debt $7.07B · Total assets $12.81B · Shareholders' equity $4.83B
- Revenue
- $459.5M
- Operating income
- $65.4M
- Net income
- $124.3M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | ≈ 53.71% | 104.70M ADS | |
|---|---|---|---|
| 220 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.00% | 1.95M ADS | |
| 18 holders · as of Aug 4, 2026 | |||
| Strategic holders | 18.93% | 36.90M ADS | |
| 3 holders · as of Feb 17, 2026 | |||
| Other | ≈ 26.36% | 51.38M ADS | |
| remainder | |||
194.93M ADS (1 ADS = 8 ordinary shares) as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
GIC Private LimitedStrategic | 12.71% | 24.78M | filed Feb 17, 2026 |
Singapore Technologies Telemedia Pte LtdInstitution | 5.05% | 9.84M A ADS | as of Jun 30, 2026 |
Sachem Head Capital Management LPInstitution | 4.46% | 8.69M A ADS | as of Jun 30, 2026 |
American Century Companies, Inc.Strategic | 4.06% | 7.91M | filed Feb 11, 2020 |
Canada Pension Plan Investment BoardInstitution | 3.59% | 7.00M A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 10, 2026 | Yixin Qian | officer: Executive VP, operation | −10,000 | $35.25 |
| Jun 2, 2026 | Judy Qing Ye | director | −37,394 | $36.21 |
- VNET (ADR)
Carrier- and cloud-neutral IDC rival across China's key demand hubs
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| GDS (ADR) | $33.45 | −0.89% | $6.58B | 16.5 | 113.6 | 3.6 | +12.3% |
| VNET (ADR) | $6.84 | −4.41% | $2.00B | — | 48.3 | 1.3 | +20.4% |
| Median | — | 48.3 | 1.3 | +20.4% |