Equinix Q3 2026: Record Bookings and a Third Straight Guidance Raise
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Record annualized gross bookings of $533 million, up 35% year over year, pulled Equinix into its third straight guidance raise on AI and enterprise demand. The EPS beat is flattered by a one-time fee tied to the atNorth joint venture.
Continue ReadingShow less
Equinix posted Q3 2026 GAAP earnings per share of $4.93, beating expectations, though that figure includes a non-recurring fee earned in connection with the atNorth joint venture, partly offset by transaction, impairment and restructuring charges. Diluted AFFO per share, the metric REIT investors typically lean on, came in at $11.64, with revenue also topping estimates.
Annualized gross bookings hit a record $533 million, up 35% year over year, and monthly recurring revenue posted double-digit growth for the fourth consecutive quarter. Interconnection and Fabric revenue both grew, pointing to broad-based demand.
That demand momentum is what prompted a third consecutive guidance raise. Equinix now guides full-year 2026 revenues to roughly 12% growth, with AFFO per share and Q4 revenue guidance lifted as well.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
Equinix also introduced new products during the quarter, including Equinix Fabric One, an any-to-any connectivity service with AWS and Google Cloud as lead integration partners, and Equinix Inference Exchange alongside NVIDIA and Together AI to deploy AI inferencing workloads globally. Nearly 40% more cabinets are planned for delivery in 2026 than the company initially anticipated, reflecting how quickly it is trying to scale to meet AI and enterprise demand.
The balance sheet carries more weight than it did a year ago: total debt principal stood at $25.2 billion at quarter end, and heavy full-year capital expenditures keep free cash flow negative. Investors will want to track whether the record booking pace continues to justify that spending as power costs and supply chain constraints remain listed risks.
Mentioned: EQIX