Equinix Declares Quarterly Dividend of $5.16 a Share and Raises Revenue Outlook
Key Facts
On October 28, 2026, Equinix declared a quarterly cash dividend of $5.16 a share, payable on December 16 to shareholders of record at the close of business on November 18, according to the company's filing with the U.S. Securities and Exchange Commission. The announcement coincided with third-quarter results showing revenue of $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. Adjusted earnings per share were $4.93, beating analysts' consensus of $4.12 by $0.81, while revenue edged past the $2.56 billion estimate. The company raised its fiscal 2026 revenue outlook for the third consecutive time, citing strong operating and financial performance. A report published on the day of the announcement said the stock rose 1.2% after the results, while EQIX closed at $1007.66 that day, according to EL7 data.
Third-quarter revenue was $2.571 billion, with year-over-year growth of 11% on a reported basis and 12% on a normalized and constant-currency basis, according to Equinix's statement. The difference between the growth rates reflects the impact of comparisons after excluding changes related to normalization and currencies, while analysts' revenue estimate remained at $2.56 billion. Adjusted earnings per share were $4.93 versus the expected $4.12, a difference of $0.81 a share. Investing.com, citing Reuters, reported the comparison in its coverage of the company's results. The earnings beat was therefore more pronounced in profitability, while revenue exceeded estimates by a narrow margin.
Equinix attributed the higher annual estimates to "strong operating and financial performance" and set 2026 revenue at between $10.325 billion and $10.365 billion, equivalent to an increase of about 12% year over year. The company said this was its third consecutive increase to its full-year outlook, in a move that coincided with its third-quarter results. It also expects fourth-quarter revenue of between $2.684 billion and $2.724 billion. That range implies year-over-year growth of between 11% and 13% on a reported basis, or between 12% and 13% on a normalized and constant-currency basis. These estimates put a specific figure on expected growth in the coming period after the performance recorded in the third quarter.
Bookings reinforced the demand picture presented by the company: gross annualized bookings reached a record $533 million in the third quarter, up 35% year over year. Equinix added 6,900 net interconnections during the quarter, another operating indicator of the expanding use of its network and services. Interconnection revenue grew 10% year over year, while Fabric revenue rose 24%. Monthly recurring revenue also recorded double-digit year-over-year growth for the fourth consecutive quarter. In its statement, the company linked its results and higher outlook to its differentiated position and growing relevance. Chief Executive Adaire Fox-Martin said the results "reflect Equinix's differentiated position and growing relevance."
The bookings growth comes against a backdrop of physical expansion plans the company described in its second-quarter results. By the time of that announcement, it had 52 projects under way across 33 markets worldwide, after adding 9 projects since April. Also in its second-quarter results, the company raised its annual revenue growth outlook for 2027–2029 to 10%–13%, from a previous range of 7% to 10%. At the time, it linked the longer-term outlook to stronger-than-expected demand and accelerating bookings and pre-sales. This provides context for the scale of expansion preceding the third-quarter results and the horizon underpinning the company's subsequent growth estimates. The announced dividend is payable on December 16 to shareholders of record at the close of business on November 18, 2026.