GDS Holdings Swings to Profit and Doubles AI-Driven Bookings Target to 1 Gigawatt

GDS Holdings reported a return to profitability in the second quarter of 2026, accompanied by strong revenue growth, and raised its full-year 2026 bookings target to 1 gigawatt from a prior goal of 500 megawatts. The Chinese data-center operator attributed the sharply higher target to surging artificial intelligence demand, which it described as driving its strongest sales momentum to date. The doubling of the bookings outlook signals a rapid acceleration in capacity commitments as hyperscalers and AI customers expand their footprint in China.

Among other notable earnings disclosures in the same session, drone and defense technology company AIRO Group posted second-quarter revenue of 43.2 million dollars, up nearly 76 percent from 24.6 million dollars a year earlier, with drone segment strength offsetting softer avionics and training results. ITG, which completed its initial public offering on July 2, reported 38 percent year-over-year revenue growth in its second quarter and issued its first full-year guidance as a public company.