Equinix Q2 revenue jumps 16% to $2.63B as it raises full-year and long-term outlook

summarizeSummary

Equinix reported Q2 revenue of $2.63B (+16% YoY) and net income of $479M (+30%), beating estimates. The company raised full-year 2026 guidance and long-term outlook, driven by record bookings and AI demand.

check_boxKey Events · Earnings and Guidance · EQIX

• Q2 Revenue and Earnings Beat

  Revenue rose 16% YoY to $2.625B, exceeding the $2.58B consensus. Net income attributable to common stockholders grew 30% to $479M, or $4.83 per diluted share.

• Record Interconnection and Bookings

  A record 9,700 net interconnections were added in Q2, extending its interconnection leadership. Annualized gross bookings grew 23% YoY, the second-highest volume on record.

• Raised Full-Year 2026 Guidance

  Revenue guidance was raised to $10.205–10.285B (11–12% growth), adjusted EBITDA to $5.210–5.270B (51% margin), and AFFO per share to $42.69–43.29 (11–13% growth).

• Long-Term Outlook Upgraded

  The 2027–2029 outlook was upgraded: annual revenue growth now 10–13% (from 7–10%), adjusted EBITDA margin target 53%+ (from 52%+), and AFFO per share growth 9–12% (from 5–9%).

auto_awesomeAnalysis · EQIX · Real Estate & Construction

A standout quarter saw revenue climb 16% and net income surge 30%, both ahead of consensus. Bolstered by stronger demand, record bookings, and accelerating AI-driven infrastructure needs, management raised full-year 2026 guidance for revenue, adjusted EBITDA, and AFFO per share, and lifted the long-term outlook through 2029. The results reinforce Equinix's position as a prime beneficiary of enterprise AI deployment, with interconnection activity hitting a record 9,700 net adds. The upgraded guidance and long-term targets signal confidence in sustained double-digit growth, making this a thesis-affirming report for the data center REIT.