Equinix, Inc.: Beat — EPS $4.93, Revenue $2.57B
Earnings BeatQ3 2026 · After-market
Did Equinix, Inc. (EQIX) beat earnings today?
Yes, Equinix, Inc. (EQIX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+19.95% surprise
$4.93Actual
Expected: $4.11
vs. year ago +29.6%
Total Revenue+0.43% surprise
$2.57BActual
Expected: $2.56B
vs. year ago +11.0%
Released Oct 28 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.57B | $2.32B | +11.0% |
| Revenue detail — reported lines | |||
| └─Recurring revenues | $2.44B | $2.21B | +10.2% |
| └─Non-recurring revenues | $129.00M | $101.00M | +27.7% |
| └─Americas Revenues | $1.15B | $1.03B | +10.9% |
| └─EMEA Revenues | $878.00M | $784.00M | +12.0% |
| └─Asia-Pacific Revenues | $545.00M | $497.00M | +9.7% |
| Net Income | $489.00M | $374.00M | +31.0% |
| Basic EPS | $4.95 | $3.82 | +29.6% |
| Diluted EPS | $4.93 | $3.81 | +29.0% |
| Basic AFFO per share | $11.70 | $9.85 | +18.8% |
| Diluted AFFO per share | $11.64 | $9.83 | +18.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Guidance | FY 2026 Guidance |
|---|---|---|
| Revenues | $2,684M-$2,724M (+11-13% YoY) | $10,325M-$10,365M (~+12% YoY, prev. $10,205M-$10,285M) |
| Adjusted EBITDA | $1,328M-$1,368M | $5,290M-$5,330M (prev. $5,210M-$5,270M) |
| Adjusted EBITDA Margin | 49-50% | ~51% (prev. ~51%) |
| Recurring Capital Expenditures | $141M-$161M | $290M-$310M (prev. $290M-$310M) |
| % of Revenues | 5-6% | ~3% (prev. ~3%) |
| Non-recurring Capital Expenditures | — | $4,710M-$5,690M (prev. $4,710M-$5,690M) |
| AFFO | — | $4,340M-$4,380M (prev. $4,240M-$4,300M) |
| AFFO per Share (Diluted) | — | $43.71-$44.11 (+14-15% YoY; +11-12% normalized and constant currency, prev. $42.69-$43.29) |
| Expected Cash Dividends | — | ~$2,037M (prev. ~$2,039M) |
| Total capital expenditures | — | $5B-$6B |
Business Highlights
- ➤Added 6,900 net interconnections.
- ➤Introduced Fabric One for any-to-any cloud, network and AI connectivity.
- ➤Named AWS and Google Cloud as Fabric One lead integration partners.
- ➤Announced Equinix Inference Exchange with NVIDIA and Together AI.
- ➤Launched global EPIC liquid-cooling environments for high-density AI infrastructure.
- ➤Completed the atNorth investment alongside CPP Investments.
- ➤Expanded Nordic AI-ready, high-density data-center footprint powered by renewable energy.
- ➤Supported Texas standards for grid costs, water stewardship, community impact and transparency.
- ➤Established a Georgia partnership funding Hampton project grid infrastructure through a 20-year commitment.
Management Commentary
Adaire Fox-Martin, CEO and President, Equinix
“Our Q3 results and raised full-year guidance reflect the differentiated position and growing importance of Equinix. We delivered double-digit growth across the key metrics that drive long-term value creation, including interconnection and monthly recurring revenue, and we accelerated capacity to meet broad-based demand. We also unveiled Equinix Fabric One and Equinix Inference Exchange to enable enterprise customers to run, connect, and orchestrate their most critical workloads. Our diverse customer base, expanding ecosystem, and balance sheet strength position us well for sustained, profitable growth and shareholder value.”