VNET Group, Inc. operates as an investment holding company, delivering a comprehensive suite of hosting and digital infrastructure services throughout China. Its ...
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Est. EPS $-0.23 · Revenue $3.01B · 1 analysts
Est. EPS $0.75 · Revenue $3.25B · 1 analysts
Est. EPS $-0.40 · Revenue $11.82B · 2 analysts
Est. EPS $0.12 · Revenue $3.38B · 1 analysts
EPS ¥-0.51 · Revenue ¥2.77B
EPS ¥-8.16 · Revenue ¥2.69B
EPS ¥-0.90 · Revenue ¥9.68B
EPS ¥-1.14 · Revenue ¥2.57B
EPS ¥-0.06 · Revenue ¥2.43B
EPS ¥-0.90 · Revenue ¥2.25B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $9.7B | +17.2% | +3.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-249.8M | -236.3% | +93.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +22.0% | -0.7% | -20.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.6% | -6.7% | -25.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -2.6% | -216.3% | +93.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-5.9B | -90.5% | +20.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -61.5% | -62.5% | +22.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 453.0% | +64.7% | +6.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.92x | +26.0% | -1.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $44.6B | +37.8% | +0.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.90 vs -0.58 | -55.3% | -0.51 vs 1.25 | -140.9% |
| Revenue Surprise | $9.7B vs $9.8B | -1.2% | $2.8B vs $2.7B | +1.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Chen David Lifeng | director | Class A ordinary shares | A | 83,544 | — |
| Jul 31, 2026 | Chen David Lifeng | director | Restricted Share Units (RSUs) | D | 83,544 | — |
| Jun 1, 2026 | Shao Sean | director | Class A ordinary shares | D | 60,000 | $1.71 |
| May 18, 2026 | ZHANG ZHIHUA | officer: SVP, Operational Finance | Class A ordinary shares | D | 9,072 | $1.69 |
| May 15, 2026 | ZHANG ZHIHUA | officer: SVP, Operational Finance | Restricted Share Units (RSUs) | A | 42,996 | — |
Operator: Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2026 Earnings Conference Call for VNET Group, Inc. [Operator Instructions] Participants from our management include Mr. Wen Teng, Rotating President; Mr. Peter Zhang, SVP of Operational Finance; Ms. Sharon Liu, Executive Vice President; Ms. Julia Jiang, Senior Manager of Investor Relations of the company; Mr. Ju Ma, Executive Vice President. Please note that today's conference call is being recorded. I will now turn the call over to the first speaker today, Ms. Julia Jiang. Please go ahead. Julia Jiang: Thank you, operator. Hello, everyone, and welcome to our Second Quarter 2026 Earnings Conference Call. Our earnings release was distributed earlier today, and you can find a copy on our IR website as well as on Newswire services. Please note that today's call will contain forward-looking statements made under the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause the actual results to differ materially from our current expectations. For detailed discussion of these risks and uncertainties, please refer to our latest annual report and other documents filed with the SEC. VNET does not undertake any obligation to update any forward-looking statements, except as required under applicable laws. Please also note that VNET's earnings press release and this conference include the disclosures of unaudited GAAP and non-GAAP financial measures. VNET's earnings press release contains a reconciliation of unaudited non-GAAP measures to the unaudited GAAP measures. A summary presentation of which we refer during this conference call can be viewed and downloaded from our IR website at ir.vnet.com. Next, I'd like to alert you that we will be utilizing text-to-speech technology powered by Neolink.ai to deliver this quarter's prepared remarks by Mr. Wen Teng, our rotating President; and Mr. Peter Zhang, SVP of Operational Finance. The management team will join the Q&A session in person. Additionally, this conference is being recorded. A webcast of this conference call will also be available on our IR website at ir.vnet.com. Now let's get started with today's presentation. Mr. Teng, please go ahead. Wen Teng: Good morning and good evening, everyone. Thank you for joining our call today. I will start with an overview of our major accomplishments during the second quarter of 2026. We delivered another robust quarter as we continue to capitalize on surging AI-driven demand, leveraging our industry-leading capabilities, strategically located resource reserves and strong execution. In the second quarter, we secured a total of 347 megawatts in new order wins, primarily driven by accelerating growth in our wholesale IDC business, which contributed 345 megawatts, together with the 517 megawatts of orders disclosed in our last quarter earnings results. Our wholesale IDC …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Shiqi Wang | Rotating President & Group Senior VP | Male | 1976 | Active |
Wen Teng | Rotating Chief Executive Officer | Male | — | Active |
Xiaomang Li | Group Senior Vice President | Male | — | Active |
Zhihua Zhang | Group Senior VP & Head of Operations Finance | Male | 1983 | Active |
Ju Ma | Group Executive VP & Rotating President | Male | — | Active |
Jie Dong | President of 21Vianet Group & CEO of Internet Capital | Male | 1978 | Active |
Sheng Chen | Co-Founder & Executive Chairman | Male | 1969 | Active |
Xiao Liu | Rotating President & Group Executive VP | Female | 1981 | Active |
Derek Li | Group Executive VP & General Counsel | Male | — | Active |
Kun Yan | Group Executive Vice President | Male | — | Active |
Xinyuan Liu | Head of Director of Investor | Female | — | Active |
Caxton Associates LLP decreased its position in shares of VNET Group, Inc. - Unsponsored ADR (NASDAQ: VNET) by 75.0% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,979 shares of the information technology services provider's stock after selling 162,021 shares
Investors need to pay close attention to VNET stock based on the movements in the options market lately.
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):
