$EQIX · EQUINIX INC
Equinix filed its Q3 2026 10-Q, reporting revenue of $2.571B (+11.0% YoY), diluted EPS of $4.93, and net income of $489M. For the nine months, revenue reached $7.64B with net income of $1.383B. Total assets grew to $44.445B, with PP&E at $26.282B reflecting continued expansion investment.
- Q3 revenue of $2.571B grew 11.0% YoY from $2.316B.
- Q3 diluted EPS of $4.93 surged 29.4% from $3.81 a year ago.
- Q3 net income attributable to common stockholders rose to $489M from $374M.
- Nine-month revenue reached $7.64B, up 12.4% from $6.797B in the prior-year period.
- Total assets expanded to $44.445B from $40.141B at year-end 2025, driven by PP&E growth to $26.3B.
Extended-hours trading shows EQIX at $1,024.50, up 1.67% vs the regular close of $1,007.66, indicating a positive initial reaction to the strong Q3 results. The $99.43B market-cap data-center REIT is trading modestly above its filing-time level.
Equinix's 29% EPS surge on 11% revenue growth confirms the data-center REIT is converting AI/cloud demand into accelerating profitability at scale.
Equinix's 11% revenue growth and expanding PP&E base reflect the ongoing data-center capex supercycle driven by AI/cloud demand. The $26.3B PP&E balance underscores the capital intensity of the sector as hyperscale and colocation providers race to add capacity.
Equinix flags rising interest rates and power procurement costs as macro risks. The company also highlights cybersecurity vulnerabilities, noting past incidents, and warns that AI/growth strategy execution failures could harm results. Impairment charges rose to $25M year-to-date from $5M.