GDS Holdings Ltd (GDS) saw its shares surge 5.60% during pre-market trading on Wednesday, driven by the company's release of robust financial results and an optimistic outlook for the coming year.

The data center operator reported unaudited financials for the fourth quarter and full year ended December 31, 2025, revealing a 10.8% year-on-year increase in both net revenue and adjusted EBITDA. The company also achieved a record operational performance, commissioning over 87,000 square meters of additional net area in 2025.

Investor sentiment was further bolstered by the company's 2026 guidance, which projects revenue growth of approximately 8.5% to 12.8% and an expected increase in adjusted EBITDA of about 6.4% to 11.0% compared to 2025. Analyst confidence was reinforced as Citigroup maintained its "Buy" rating on the stock, noting that the financial performance met expectations and the future outlook surpasses market consensus estimates.