Equinix Tops Q3 Estimates and Lifts 2026 Guidance for Third Consecutive Quarter
EQIX sits 43% above its 52-week low of $720.62.
Summary
Equinix reported Q3 revenue of $2.571 billion (up 11%) and raised 2026 guidance for the third consecutive quarter, with record annualized gross bookings of $533 million up 35% year over year.
Key Events · Earnings and Guidance · EQIX
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Q3 Revenue Up 11% to $2.571B
Revenue rose 11% year over year as reported (12% normalized and constant currency), while operating income climbed 27% to $600 million and net income reached $489 million, or $4.93 per diluted share.
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2026 Guidance Raised Again
Full-year revenue guidance moved to $10.325-$10.365 billion from $10.205-$10.285 billion, and AFFO per share to $43.71-$44.11 from $42.69-$43.29 — the third consecutive quarterly raise.
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Record Bookings and Capacity Pull-Forward
Annualized gross bookings hit a record $533 million, up 35% year over year, and nearly 40% more cabinets are now planned for delivery in 2026 than initially anticipated.
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AFFO Growth Flattered by atNorth Fee
AFFO of $1.156 billion ($11.64 per share) rose 20% as reported but 14% excluding the non-recurring atNorth joint venture fee; net income likewise benefited from that fee.
Analysis · EQIX · Real Estate & Construction
The third consecutive quarterly raise is the headline: Equinix grew Q3 revenue 11% to $2.571 billion and lifted operating income 27% to $600 million, then raised full-year revenue guidance to $10.325-$10.365 billion and AFFO per share to $43.71-$44.11. Demand and pricing are both strengthening rather than producing a one-off beat, as record annualized gross bookings of $533 million, up 35% year over year, and a plan to deliver nearly 40% more cabinets in 2026 than originally expected make clear. Net income of $489 million ($4.93 per diluted share) includes a non-recurring fee tied to the atNorth joint venture, so the cleaner read is AFFO of $11.64 per share, up 18% as reported or 12% excluding that fee.
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At the time of this filing, EQIX was trading at $1,028.50 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $99.4B. The 52-week trading range was $720.62 to $1,128.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.