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VNET reports 14.2% revenue growth in Q2 2026, driven by strong wholesale IDC business expansion.

Company Fundamentals
18 Aug 2026
PRNewsWire
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Bullish
pluang ai news

VNET Group, a leading data center services provider in China, announced a 14.2% increase in total net revenues to RMB2.78 billion in Q2 2026, fueled by a 29.3% rise in wholesale IDC revenues. The company expanded its wholesale capacity by nearly 50% year-over-year and secured significant new orders, including a 345MW deal with a top cloud provider. VNET also formed a strategic partnership with CATL to develop integrated compute-energy systems, aiming to innovate digital energy infrastructure. The company expects continued revenue growth and plans capital expenditures of RMB10-12 billion for 2026.

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