# GDS Holdings Limited (GDS)

> Source: Nexqual · https://nexqual.com/GDS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, GDS Holdings Limited (GDS), nexqual.com/GDS" · informational, not investment advice.

**Price:** USD 22.14 (-6.07% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 23.57 · day 21.67–22.82 · 52w 21.67–48.61 · market cap $4.44B · NGM

## Key facts
- 2 of 80 tracked superinvestors hold GDS (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (16 analysts), mean target USD 51.09 (range 40.32–63.09).
- Total return with dividends: 1Y -35.4% vs S&P 500 +14.9%; 5Y -64.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-18, EPS estimate USD -1.28, revenue estimate $3.18B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold GDS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dennis Hong | ShawSpring Partners | 4.92% | $11.4M | Added +71.4% |
| Seth Klarman | Baupost Group | 2.09% | $113M | Added +23.8% |

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 16 analysts; mean target USD 51.09 (low 40.32, high 63.09).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -35.4% | -64.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -35.5% | -18.7% |
| Volatility (annualized) | 56.8% | 81.2% |
| Max drawdown | -53.4% (Jan 2026→Oct 2026) | -91.6% (Oct 2021→Jan 2024) |

## Peers (Information Technology Services)
PSN (Parsons Corporation) USD 47.8 +5.29% · CIFR (Cipher Digital Inc.) USD 8.32 -8.87% · MAAS (Maase Inc.) USD 12.49 -5.45% · APLD (Applied Digital Corporation) USD 19.09 -9.01% · SAIC (Science Applications Internatio) USD 143.54 +4.97% · KD (Kyndryl Holdings, Inc.) USD 15.2 +5.92%

## More
Full page: https://nexqual.com/GDS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GDS's own 20-F filed 2026-04-29 (https://www.sec.gov/Archives/edgar/data/1526125/000110465926051006/gds-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | China Mobile | "Our ability to provide data center services depends on the major telecommunications carriers in mainland China, namely China Telecom, China Unicom and China Mobile, providing sufficient network connectivity and capacity …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-1.28 | $-0.39 | +225.7% | $3.18B | 1 |
| Next quarter (ends 2026-12-31) | $-2.70 | $10.80 | -125.0% | $3.19B | 1 |
| Current fiscal year (ends 2026-12-31) | $2.75 | $3.60 | -23.7% | $12.76B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.08 | $0.12 | -29.2% | $13.94B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-18): ±16.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 74.5% | ±16.8% |
| 2026-12-18 | 56 | 70.5% | ±22.2% |
| 2027-01-15 | 84 | 65.6% | ±25.2% |
| 2027-03-19 | 147 | 62.7% | ±31.6% |
| 2027-06-17 | 237 | 72.0% | ±46.0% |