Equinix Raises 2026 Revenue Forecast to $10.325–$10.365 Billion After Strong Profit Growth
Key Facts
Equinix reported results on October 28 for the quarter ended September 30 and raised its 2026 fiscal-year revenue forecast to a range of $10.325–$10.365 billion. Third-quarter revenue was $2.571 billion, up 11% on a reported basis and 12% on a normalized and constant-currency basis from the same period a year earlier. Diluted EPS was $4.93, up 29% year over year, while operating income was $600 million, an increase of 27%. The company said this was the third consecutive quarter in which it raised its forecast. Chief Executive Adaire Fox-Martin said the results and revised outlook reflected “Equinix’s differentiated position and its growing relevance.”
Net income attributable to common shareholders was $489 million, up 31% from the year-earlier quarter. The company attributed the increase to higher operating income, as well as non-recurring fees it earned in connection with its investment in the atNorth joint venture. This detail provides context for assessing quarterly net income growth, as improved operating activity coincided with the impact of those fees. Adjusted operating profitability, measured by EBITDA, was $1.321 billion, up 15% on a reported basis and 14% on a normalized and constant-currency basis. These figures reflect growth in revenue and operating earnings, alongside the contribution of non-recurring factors to net income.
In business activity indicators, annualized gross bookings reached a record $533 million, up 35% year over year. The company added 6,900 net interconnections during the quarter, while interconnection revenue rose 10% year over year. Fabric revenue increased 24%, according to the company’s statement. Monthly recurring revenue also posted double-digit year-over-year growth for the fourth consecutive quarter. Investing.com’s coverage published on October 28 reported that monthly recurring revenue rose 11% year over year, indicating the pace of that growth during the quarter.
Equinix said demand spans traditional and AI workloads, while it is accelerating capacity addition plans. The company plans to deliver about 40% more new cabinets in 2026 than initially expected. On the services front, it announced the launch of Fabric One to connect cloud, network and AI environments, with AWS and Google Cloud as key integration partners. Equinix also announced the Inference Exchange in collaboration with NVIDIA and Together AI. The company positioned these initiatives alongside growth in interconnection and bookings and continued capacity expansion.
The company raised its 2026 revenue forecast to $10.325–$10.365 billion, from its previous range of $10.205–$10.285 billion. It expects fourth-quarter revenue of $2.684 billion to $2.724 billion, an increase of 11% to 13% year over year on a reported basis. The annual range revision follows forecast increases in the previous two quarters, according to the company’s statement. Investing.com’s coverage also reported that the stock rose 1.2% after the results announcement on October 28. The third-quarter results conference was scheduled for the same day at 5:30 p.m. Eastern Time, and the company is making a replay available through December 31, 2026.