Equinix Upgraded to Strong-Buy After Significant Earnings Beat

Key Facts

1BTIG Research upgraded Equinix (EQIX) to a 'strong-buy' rating.

2The company reported earnings per share of $10.79, significantly surpassing estimates.

3Quarterly revenue reached $2.44 billion, representing a 9.8% year-over-year increase.

Amid surging demand for data center infrastructure to support AI technologies, BTIG Research has upgraded Equinix (EQIX) to a 'Strong-Buy' rating. This move follows the company's robust financial results, reporting earnings per share of $10.79, which significantly surpassed analyst estimates. Quarterly revenue reached $2.44 billion, representing a 9.8% year-over-year increase, highlighting the company's resilience and expansion capabilities.

These results come as major data center competitors like Digital Realty (DLR) face intense competition, with market data showing continued investment flows into digital assets. Compared to previous quarters, Equinix has maintained a stable revenue growth trajectory, solidifying its position as a leader in the tech-REIT sector. Per market data, the company's performance outpaces many of its peers in terms of adjusted funds from operations (AFFO) growth.

EQIX shares closed at $1051.21 (close July 10, 2026), with the stock trading between a day low of $1025.86 and a high of $1051.73. Investors are now looking forward to upcoming US economic data, including inflation and employment figures, to gauge how borrowing costs might impact the company's capital expenditure plans for the remainder of the year.