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VNET Group Q1 Earnings Call Highlights
Key takeaways
- VNET Group Q1 Earnings Call Highlights VNET Group logo Market Beat Tue, May 26, 2026 at 9:08 PM GMT+7 8 min read VNET Key Points Interested in VNET Group, Inc. - Unsponsored ADR?
- VNET delivered strong Q1 growth, with total net revenues up 19.8% year over year to RMB 2.69 billion and adjusted EBITDA up 30.6% to RMB 891.5 million.
- AI-driven demand is fueling new orders and utilization, as VNET secured 519 MW of new orders year to date, including 517 MW of wholesale orders.
VNET Group Q1 Earnings Call Highlights VNET Group logo Market Beat Tue, May 26, 2026 at 9:08 PM GMT+7 8 min read VNET Key Points Interested in VNET Group, Inc. - Unsponsored ADR? Here are five stocks we like better.
VNET delivered strong Q1 growth, with total net revenues up 19.8% year over year to RMB 2.69 billion and adjusted EBITDA up 30.6% to RMB 891.5 million. Wholesale data center revenue became the company’s largest revenue stream for the first time.
AI-driven demand is fueling new orders and utilization, as VNET secured 519 MW of new orders year to date, including 517 MW of wholesale orders. Wholesale capacity utilization climbed to 75.7%, while mature wholesale capacity utilization reached 93.8%.
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