VNET - VNET Group, Inc.
VNET Group is rated a buy due to a large, committed data center capacity pipeline poised to accelerate earnings growth. VNET's secured power resources and established campuses provide a competitive edge, especially in supply-constrained regions like Beijing. The recent quarter saw wholesale IDC revenue up 58.1% y/y, with utilization and EBITDA margin expansion confirming strong operating leverage.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CALX #calix--Calix, Inc. (NYSE: CALX) announced today that Velocity Network (VNET Fiber) is investing in Calix Agent Workforce™ Cloud on the AI-native Calix One™ platform to accelerate revenue growth while lowering operational expense (OPEX). Building on their legacy of winning residential and business markets through the strength of differentiated subscriber experiences, the provider is now also deploying SmartMDU™ to further advance their growth. This strategy builds on.
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit all persons and entities that purchased or otherwise acquired the American Depositary Shares of VNET Group, Inc. (NASDAQ: VNET):
The mean of analysts' price targets for VNET Group (VNET) points to a 54% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
My Buy rating for VNET Group, Inc. is left unchanged based on my assessment of its 1Q2026 results and the implications of a significant change in its shareholder base. Q1 EBITDA rose 30.6% YoY to CNY0.89B, exceeding consensus by 6%, thanks to AI-related demand and good cost control. The entry of CYATY's affiliates as the new 38.1% shareholder ensures strategic continuity and puts VNET in a better position to meet green energy compliance requirements.
VNET Group, Inc. (VNET) Q1 2026 Earnings Call Transcript
VNET Group NASDAQ: VNET said its first-quarter 2026 results were driven by rapid expansion in its wholesale internet data center business, as management pointed to rising artificial intelligence-related demand and new large-scale orders as key growth catalysts.
US stock futures up, VNET Group shares down 3.8% after reporting Q1 loss of $(1.20) per share on $390.133 million sales. Other stocks also fall.
VNET Reports Unaudited First Quarter 2026 Financial Results PR Newswire BEIJING, May 26, 2026
BEIJING, May 26, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2026. "We delivered a strong first quarter through effective execution of our dual-core strategy and Hyperscale 2.0 framework," said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET.
VNET Group (VNET) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Expand NASDAQ: VNET Vnet Group Today's Change (25.05%) $2.26 Current Price $11.28 Key Data Points Market Cap $2.4B Day's Range $10.92 - $12.02 52wk Range $5.14 - $14.48 Volume 64M Avg Vol 6.3M Gross Margin 22.02% Vnet Group (VNET +25.05%), a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share purchase agreement with PJ Millennium–affiliated investors linked to Contemporary Amperex Technology.
BEIJING, May 13, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that PJ Millennium I Limited ("Buyer I") and PJ Millennium II Limited ("Buyer II", together with "Buyer I", the "Buyers") have entered into a share purchase agreement (the "Share Purchase Agreement") with Success Flow International Investment Limited ("Success Flow") and Choice Faith Group Holdings Limited ("Choice Faith", together with "Success Flow", the "Sellers") to purchase from the Sellers in aggregate up to 650,424,192 Class A ordinary shares in the Company (the "Proposed Investment"), at a price of US$1.4486 per ordinary share in cash (which is equivalent to US$8.6914 per ADS). VNET also entered into a deed with the Buyers to provide certain representations and warranties and undertakings to the Buyers in connection with the Proposed Investment.
BEIJING, May 12, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited first quarter 2026 financial results on Tuesday, May 26, 2026, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 26, 2026, or 8:00 PM Beijing Time on Tuesday, May 26, 2026.
BEIJING, April 24, 2026 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2025 Environmental, Social and Governance Report (the "2025 ESG Report"). This is VNET's sixth ESG report, highlighting the Company's 2025 initiatives and achievements in environmental practices, intelligent empowerment, ethical governance, and social responsibility.
BEIJING, April 20, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), today announced that Mr. Qiyu Wang has resigned from his position as VNET's Chief Financial Officer for personal reasons, effective April 30, 2026.
BEIJING, April 16, 2026 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 16, 2026 Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at https://www.sec.gov and on the Company's investor relations website at https://ir.vnet.com/.
VNET Group remains a buy as wholesale revenue growth and capacity delivery validate the China-AI infrastructure thesis. VNET's wholesale revenue surged 47.1% y/y in Q4, with mature wholesale utilization at 93.1% and significant pre-committed capacity signaling robust demand. Funding concerns are alleviated by successful ABS and REIT initiatives, enabling capex without shareholder dilution and supporting future growth.
I am sticking to a "Buy" rating for VNET Group, following my assessment of its quarterly disclosures and medium-to-long-term outlook. The negatives pertaining to the 4Q25 earnings release include the non-disclosure of new 2026 orders, a sequential decrease in wholesale utilization, and elevated financial leverage. But VNET's strategic positioning in Ulanqab and exposure to OpenClaw-driven AI demand put it in a good position to grow for the long run.
VNET Group, Inc. (VNET) Q4 2025 Earnings Call Transcript