$EQIX · EQUINIX INC
Equinix reported Q3 2026 results with revenue of $2.571B (+11% YoY), diluted EPS of $4.93 (+29% YoY), and Adjusted EBITDA of $1.321B (+15% YoY). The company raised full-year 2026 guidance for the third consecutive quarter, with revenue now expected at $10.325–$10.365B (~12% growth) and AFFO per share at $43.71–$44.11. Record gross bookings of $533M (+35% YoY) and double-digit interconnection revenue growth were driven by robust demand across traditional and AI workloads.
- Revenue of $2.571B, up 11% YoY as-reported and 12% on a normalized and constant currency basis
- Diluted EPS of $4.93, a 29% increase over the prior-year quarter
- Adjusted EBITDA of $1.321B, up 15% YoY; AFFO of $1.156B, up 20% YoY
- Record annualized gross bookings of $533M, up 35% YoY, with interconnection revenue up 10% YoY
- Full-year 2026 revenue guidance raised to $10.325–$10.365B (~12% growth); AFFO per share raised to $43.71–$44.11
Extended-hours trading shows EQIX at $1,036.30, up 2.84% vs the regular close of $1,007.66, reflecting a positive initial reaction to the Q3 beat and third consecutive guidance raise. The $99.43B market-cap data center leader's raised capex outlook ($5–$6B) signals aggressive capacity expansion to meet AI-driven demand.
Equinix's third consecutive guidance raise, record bookings, and AI-infrastructure product launches confirm the company is a primary beneficiary of surging data center demand.
Equinix's 35% bookings growth and AI-focused product launches (Fabric One, Inference Exchange with NVIDIA) underscore how data center REITs are capturing hyperscale and enterprise AI infrastructure spend. The nearly 40% increase in planned 2026 cabinet deliveries signals industry-wide capacity acceleration.
Non-recurring atNorth JV fee boosted AFFO by ~6 percentage points; normalized AFFO growth was 14% vs 20% as-reported. Heavy capex of $5–$6B for 2026 could pressure free cash flow if demand moderates.