Equinix's revenue growth reaccelerated to 11.0% in 2026Q3 with NOI margin holding at 51.1% and FFO per share rising 26% to $10.45 since 2024Q2, reflecting expanding colocation and interconnection demand.
Price trend, volume and key moving averages
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Revenue growth reaccelerated to 11.0% in 2026Q3 (from 5.2% a year earlier) with NOI margin at 51.1%, yet AFFO swung to a $531.0M deficit while FFO per share reached $10.45, indicating heavy recurring capital intensity beneath headline results.
Equinix operates a global network of over 260 data centers across more than 75 metro areas, serving over 10,000 customers, including hyperscalers, cloud providers, and enterprises. Its dense network of cross-connections creates network effects and high switching costs, leading to customer retention exceeding 95%.
The company is experiencing accelerating demand driven by Artificial Intelligence (AI) and broader digital transformation trends. AI-driven deals are increasingly contributing to bookings, with AI workloads accounting for a significant portion of large deals.
Equinix derives 94% of its revenue from recurring streams, primarily colocation and interconnection, which benefit from multi-year contracts. This provides a stable and predictable revenue base.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $4.93+20.0% vs $4.11 | $2.6B+0.3% vs $2.6B |
Q3 2026 Jul 29, 2026 | $4.83+2.1% vs $4.73 | $2.6B+1.4% vs $2.6B |
Q2 2026 Apr 29, 2026 | $4.20-2.3% vs $4.30 | $2.4B-2.8% vs $2.5B |
Q1 2026 Feb 11, 2026 | $2.69-27.5% vs $3.71 | $2.4B-1.6% vs $2.5B |
One side sees a delayed AI boom and a discount worth grabbing. The other warns AI spending flips like a light switch, with nothing ready to catch the fall.
Latest data center combines liquid cooling, renewable energy and global connectivity to support next-generation computing demands REDWOOD CITY, Calif., Nov. 6, 2026 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced the opening of SG6, its sixth International Business Exchange™ (IBX®) data center in Singapore.
Equinix's enterprise data centers are typically smaller than the projects drawing U.S. regulatory scrutiny, according to Cyrus Adaggra, the firm's Asia-Pacific president. The company's capital spending has risen to $7 billion, while third-quarter annualized gross bookings jumped 35% from a year earlier.
Texas' governor-elect could completely freeze the state's booming data center market.
Benchmark EQIX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Equinix, Inc. (EQIX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1012.71 | $99.93B | 61.01 | 5.85% | 16.35% | 11.48% | 1.87% | |
| $174.20 | $64.45B | 71.41 | 10.04% | 12.92% | 3.37% | 2.82% | |
| $188.79 | $87.97B | 26.72 | 5.11% | 29.89% | 32.48% | 3.56% | |
| $88.60 | $38.72B | 36.47 | -35.06% | 25.34% | — | 5.37% | |
| $189.42 | $20.09B | 20.32 | 5.06% | 34.54% | — | 2.35% | |
| $106.52 | $31.69B | 69.69 | 12.22% | 5.88% | — | 2.9% |
Equinix, Inc. (EQIX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Equinix, Inc. (EQIX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Jul 29, 2026·SEC
Jul 29, 2026·SEC
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Equinix, Inc. (EQIX) stock FAQ — growth, dividends, profitability & financials explained
Equinix, Inc. (EQIX) reported $10.08B in revenue over the trailing twelve months. Revenue was $9.26B in fiscal year 2025. That is 24959469% more than the $0.0M of fiscal year 1999.
Equinix, Inc. (EQIX) grew revenue by 11.3% over the trailing twelve months, compared with the twelve months before.
Yes. Equinix, Inc. (EQIX) earned $1.65B in net income over the trailing twelve months (a 16.3% net margin).
Yes. Equinix, Inc. (EQIX) pays a dividend that yields 1.87% at the current price, a moderate yield.
Equinix, Inc. (EQIX) had a return on equity (ROE) of 11.5% over the trailing twelve months. That is in line with the market's typical 10-15%.
Equinix, Inc. (EQIX) generated Funds From Operations (FFO) of $3.85B in the trailing twelve months. FFO is the primary profitability metric for REITs.
