Equinix (NASDAQ:EQIX) Releases Earnings Results

Equinix (NASDAQ:EQIX) issued its quarterly earnings results on Wednesday. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.08 by ($0.17), Zacks reports. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the business posted $7.92 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

Here are the key takeaways from Equinix’s conference call:

• Bookings and recurring revenue accelerated: Q4 annualized gross bookings were $474 million (2025 total annualized bookings $1.6 billion, +27% YoY) and monthly recurring revenue rose ~10% in Q4 (8% for the full year), driving a record pipeline and backlog.
• AI is a major growth driver: About 60% of the largest deals in Q4 were AI-driven (AI deals showed ~33% higher power density), with notable wins including Salesforce, Hudson River Trading, Alembic and Honeywell, underscoring enterprise adoption beyond hyperscalers.
• Upgraded 2026 financial outlook: Management expects revenue growth of 9–10%, MRR +8–10%, adjusted EBITDA margin ~51% (200 bps improvement) and AFFO per share +8–10%, while raising the quarterly dividend by ~10%.
• Timing and investment profile: the Hampton xScale lease moved from Q4 into Q1 (timing, not cancellation), Equinix plans xScale deployment via JVs (no on‑balance sheet xScale spend assumed) and guides 2026 CapEx of $3.7–4.2 billion with net leverage around 3.8x, reflecting heavy near‑term investment that bears watching.

Equinix Trading Up 1.3%

Shares of EQIX traded up $10.78 during mid-day trading on Wednesday, reaching $867.52. 650,526 shares of the company were exchanged, compared to its average volume of 546,062. The business has a 50 day simple moving average of $781.06 and a two-hundred day simple moving average of $786.78. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $85.18 billion, a PE ratio of 79.44, a PEG ratio of 1.34 and a beta of 1.06. Equinix has a 52 week low of $701.41 and a 52 week high of $953.41.

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,087 shares of Equinix stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the transaction, the chairman directly owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total value of $2,115,774.46. Following the completion of the transaction, the chief executive officer directly owned 12,366 shares in the company, valued at $9,040,658.94. This represents a 18.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 19,490 shares of company stock worth $15,281,999. 0.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Equinix

Several institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in shares of Equinix by 4.0% in the 4th quarter. Empowered Funds LLC now owns 4,203 shares of the financial services provider’s stock valued at $3,220,000 after buying an additional 162 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of Equinix by 2.3% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,878 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 42 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Equinix by 16.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 899 shares of the financial services provider’s stock worth $688,000 after buying an additional 124 shares during the last quarter. Wellspring Financial Advisors LLC bought a new position in Equinix in the 4th quarter valued at $280,000. Finally, GWN Securities Inc. increased its holdings in Equinix by 27.8% during the fourth quarter. GWN Securities Inc. now owns 727 shares of the financial services provider’s stock worth $557,000 after buying an additional 158 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research analyst reports. Morgan Stanley began coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Daiwa Securities Group set a $917.00 target price on shares of Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group downgraded shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target for the company. in a report on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft set a $915.00 price objective on Equinix in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $959.64.

Equinix News Summary

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Management raised its annual revenue forecast and said AI-linked data‑center demand is driving growth; the outlook helped lift sentiment. Equinix forecasts annual sales above estimates on AI data center demand
• Positive Sentiment: Company issued a robust 2026 outlook: Q4 monthly recurring revenue (MRR) +10% YoY, record annualized gross bookings, >500k interconnections (strength in enterprise/AI cloud connectivity) — signals durable demand and backlog. Equinix Provides Robust 2026 Outlook
• Positive Sentiment: Board increased the quarterly dividend 10% to $5.16 (11th consecutive annual raise since REIT conversion) — supports income investor demand and signals confidence in cash flow. Equinix Increases Quarterly Dividend
• Neutral Sentiment: Equinix filed an updated description of U.S. federal tax considerations for its REIT status — a routine regulatory/tax disclosure that investors should note but that doesn’t change operations. Equinix Updates Federal Tax Considerations for REIT Status
• Neutral Sentiment: Recent articles highlight Equinix’s positioning in the growing AI/data‑center market (sector tailwind); useful context for long‑term thesis but not new company-specific news. Equinix Positioned for Growth
• Negative Sentiment: Q4 results missed on FFO ($8.91 vs. Zacks/consensus ~9.07/9.08) and revenue ($2.42B vs. ~$2.46B), which is a short-term earnings headwind and explains some investor caution despite the upbeat guide. Equinix (EQIX) Misses Q4 FFO and Revenue Estimates

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.