Stock Track | VNET Group Soars 5.35% Intraday on Strong Q1 Results and CATL Strategic Investment

Stock Track

05/26

VNET Group's stock price soared 5.35% during intraday trading on Tuesday, driven by the company's release of its first quarter 2026 financial results and a significant strategic investment announcement.

The China-based data center services provider reported Q1 net revenues of RMB 2.69 billion (US$390.1 million), representing a 19.8% year-over-year increase and beating analyst estimates. The growth was primarily fueled by a 58.1% surge in wholesale IDC business revenues, which surpassed retail revenues for the first time. Adjusted EBITDA also showed strong performance, increasing 30.6% year-over-year to RMB 891.5 million.

Additionally, VNET announced that affiliates of Contemporary Amperex Technology Co., Limited (CATL) have agreed to become strategic investors, acquiring up to approximately 38.1% of the company's shares. The company maintained its full-year 2026 outlook, expecting revenue growth of 15.6% to 18.6% and adjusted EBITDA growth of 19.2% to 25.9%.

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The company maintained its full-year 2026 outlook, expecting revenue growth of 15.6% to 18.6% and adjusted EBITDA growth of 19.2% to 25.9%.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VNET","symbol_name":"世紀互聯","start_time":0,"source_url":"","article_id":"1127115771","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127115771","pubTimestamp":1779803314,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"VNET Group's stock price soared 5.35% during intraday trading on Tuesday, driven by the company's release of its first quarter 2026 financial results and a significant strategic investment...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VNET":"世纪互联"},"translate_title":"个股赛道|VNET集团盘中大涨5.35%，Q1业绩强劲，宁德时代战略投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VNET":1},"content_text":"VNET Group's stock price soared 5.35% during intraday trading on Tuesday, driven by the company's release of its first quarter 2026 financial results and a significant strategic investment announcement.The China-based data center services provider reported Q1 net revenues of RMB 2.69 billion (US$390.1 million), representing a 19.8% year-over-year increase and beating analyst estimates. 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