Stock Track | VNET Group Soars 6.03% in Pre-Market on Strong Q1 Earnings Results

Stock Track

05/29

VNET Group's stock soared 6.03% in pre-market trading following the release of its first-quarter 2026 earnings results.

The company reported strong financial performance with revenue rising 19.8% to RMB 2.69 billion and adjusted EBITDA increasing 30.6% to RMB 891.5 million. Wholesale revenue jumped 58.1% to RMB 1.06 billion, surpassing retail revenue for the first time, driven by wholesale growth.

Management highlighted 519 megawatts of year-to-date order wins, with first deliveries starting in the second half of 2026 and full rollout planned through 2028. The company maintained its full-year guidance of revenue between RMB 11.5 billion and RMB 11.8 billion, with adjusted EBITDA between RMB 3.55 billion and RMB 3.75 billion.

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