Equinix Beats on Q3 Growth, Lifts 2026 Guidance for Third Straight Quarter
EQIX sits 40% above its 52-week low of $720.62.
Summary
Equinix posted Q3 revenue of $2.571 billion, up 11% year over year, with operating income up 27% to $600 million and net income up 31% to $489 million. EPS came in at $4.93. AFFO per share came in at $11.64, up 18%, and record annualized gross bookings of $533 million rose 35% — demand is accelerating, not fading. Management raised full-year 2026 revenue guidance to $10.325–10.365 billion and AFFO per share to $43.71–44.11, the third consecutive quarterly raise, citing broad-based demand and strengthening pricing. The company also plans to deliver nearly 40% more cabinets in 2026 than initially expected, a direct response to AI and interconnection demand. This follows the September completion of the atNorth joint venture with CPP Investments, which contributed a non-recurring fee to net income and adds Nordic AI-ready capacity. Q4 revenue guidance of $2.684–2.724 billion implies continued double-digit growth into year-end.
At the time of this announcement, EQIX was trading at $1,007.66 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.