Financial Performance
5Y price score: 45
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 221.8%
%
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720.6
52-week range
1128.6
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Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
1.4 %
Dividend Yield TTM
2 %
Market cap $
$ 99,773
Price / Earnings TTM
65.1
Price / Book TTM
6.9
PEG TTM
1.1
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
28.2 %
44.5 %
221.8 %
Free cash flow per share growth
5,205.7 %
(1,419.1) %
(993.8) %
Earnings per share growth
28.8 %
229.2 %
328.7 %
Founded: 1,998
Employees: 13,606
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q2 (Jul 29, 2026)
1) Strategy & Leadership
- Equinix is experiencing an acceleration in demand driven by the AI infrastructure cycle, which aligns with its strengths in neutral, interconnected infrastructure.
- The company added Chris Audi as Chief Product Officer and Bruce Owen as EVP Global Markets, enhancing its leadership team to support growth.
- The focus remains on disciplined execution and strategic investments to meet evolving customer needs, particularly in AI and enterprise sectors.
2) Financial & Segment Results
- Monthly recurring revenue (MRR) grew 11% YoY, marking the third consecutive quarter of double-digit growth.
- Total revenue increased 16% YoY, with annualized gross bookings rising 23%, the second highest on record.
- Adjusted EBITDA margin improved to 53%, up 300 basis points YoY, while AFFO per share grew 18% YoY.
- The company raised its 2026 revenue growth guidance to 11%-12% and AFFO per share growth to 10%-12%, citing strong bookings and pre-sales momentum.
3) Operational & Product Plans
- Equinix plans to double cabinet deliveries in the second half of 2026, with CapEx expected to range between $5 billion to $6 billion.
- The company is focusing on expanding its capacity in top 25 metros, where demand is highest, and has 52 major projects underway across 33 markets.
- New product offerings, such as Fabric Geo Zones for data sovereignty, are being developed to meet customer needs in a complex regulatory environment.
4) Problems / Headwinds
- Churn is at 1.8%, with expectations to remain near the lower end of the typical range of 2% to 2.5% for the latter half of the year.
- The company acknowledges potential risks in managing CapEx deployment and ensuring capacity meets demand, particularly in power-constrained markets.
5) Guidance & Outlook / Investor Angle
- Equinix expects to maintain strong revenue growth through 2029, with total revenue growth projected at 10%-13% annually and AFFO per share growth at 9%-12%.
- The company emphasizes its strong balance sheet and access to lower-cost capital as critical differentiators in funding its growth strategy.
- The outlook reflects a robust demand environment, with the company confident in its ability to capture market opportunities through strategic investments.
Bottom line: Equinix's strong Q2 performance and raised guidance reflect a robust demand for its interconnected infrastructure, particularly driven by AI workloads. The company is well-positioned for sustainable long-term growth, making it an attractive investment for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteEquinix — Financial Overview, Stock Price, Market Cap
Equinix is a company. Founded in 1998. As of October 9, 2026, the company's market capitalization is $99772862016 with a current stock price of $1011.16.