Equinix Q2 Revenue Beats, Raises 2026 Outlook on AI-Driven Demand
EQIX sits 43% above its 52-week low of $720.62.
Summary
Equinix delivered a strong Q2, with revenue up 16% to $2.63B, beating the $2.58B consensus, and net income surging 30% to $477M. The company raised its full-year 2026 revenue guidance to $10.205-$10.285B, up from $10.144-$10.244B, and lifted its long-term annual growth target to 10-13% from 7-10%, signaling confidence in sustained demand. Gross bookings jumped 23%, driving a record backlog, while one-time xScale fees provided an additional boost. This follows recent positive developments, including South African regulatory approval for two Cape Town data centers, and comes amid a broader industry tailwind from AI infrastructure buildout. The raised guidance and accelerating bookings suggest the data center boom has further room to run.
At the time of this announcement, EQIX was trading at $1,030.00 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: Reuters.