Equinix (EQIX) Q3 2026 Earnings
Net income includes a non-recurring fee earned in connection with the atNorth joint venture investment (amount not separately disclosed; other income of $54 million in Q3), partly offset by $20 million of transaction costs, $6 million of impairment charges and $6 million of restructuring charges. Diluted AFFO per share was $11.64.
How Did EQIX Stock React to Q3 2026 Earnings?
Did EQIX Beat Earnings? Q3 2026 Results
Yes. Equinix reported Q3 2026 earnings of $4.93 a share on Oct 28, 2026, beating the $3.96 consensus estimate by 24.5%. Revenue was $2.6B against a $2.6B estimate.
Equinix delivered a strong third quarter of 2026, posting GAAP earnings per share of $4.93 and beating the $3.96 consensus by 24.55%, though the result includes several one-time items: a non-recurring fee tied to the company's atNorth joint venture investment recorded within other income of $54 million, partly offset by $20 million in transaction costs, $6 million of impairment charges, and $6 million of restructuring charges. Revenue rose 11.0% year over year to $2.57 billion, edging past the $2.56 billion consensus by 0.35%, with the underlying growth driven by record annualized gross bookings of $533 million, up 35% year over year, and double-digit monthly recurring revenue expansion for the fourth straight quarter as AI and traditional enterprise workloads fueled demand. Diluted AFFO per share came in at $11.64. Analysts had anticipated a healthy quarter ahead of results, citing AI-driven data center demand as a tailwind. Equinix raised its full-year 2026 revenue outlook to $10.32 to $10.37 billion, representing roughly 12% growth, and guided full-year AFFO per share to $43.71 to $44.11, up 14 to 15% as reported, marking the third consecutive quarter of raised guidance.
- Record annualized gross bookings of $533 million, up 35% year over year, on robust demand and strengthening pricing
- Double-digit year-over-year monthly recurring revenue growth for the fourth consecutive quarter
- Interconnection revenue up 10% and Fabric revenue up 24% year over year
- Added 6,900 net interconnections
- Non-recurring fee earned in connection with the atNorth joint venture investment boosted net income and AFFO
- Adjusted EBITDA margin of 51%
“Our Q3 results and raised full-year guidance reflect the differentiated position and growing importance of Equinix.”
Equinix CEO, on the earnings call
What Is Equinix's Outlook?
Equinix raised full-year 2026 guidance for the third consecutive quarter. - **Full-year revenues:** expected at $10.325–$10.365 billion, roughly 12% growth on both an as-reported and a normalized and constant currency basis. - **Full-year adjusted EBITDA:** $5.290–$5.330 billion, an approximately 51% margin and about 200 bps of expansion. - **Full-year AFFO:** $4.340–$4.380 billion. - **Full-year AFFO per share:** $43.71–$44.11, up 14–15% as reported or 11–12% on a normalized and constant currency basis. - **Total capital expenditures:** $5–$6 billion. - **Expected cash dividends:** approximately $2,037 million. - **Q4 2026 revenues:** expected at $2.684–$2.724 billion, up 11–13% as reported or 12–13% on a normalized and constant currency basis. - **Q4 adjusted EBITDA:** $1.328–$1.368 billion, a 49–50% margin.
EQIX YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.6B | $2.3B | +11.0% |
| Gross Profit | $1.3B | $1.2B | +11.9% |
| Operating Income | $600.0M | $474.0M | +26.6% |
| Net Income | $489.0M | $374.0M | +30.8% |
EQIX Revenue by Segment
EQIX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.