Equinix Inc

Equinix Inc

EQIX

Get informed when a big investor buys or sells

+ Follow
Market Cap$105.33B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Equinix IncEquinix Inc73.91.84%10%11.31.6

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Q1 performance strong; recurring momentum + margins improving - Recurring revenue $2.3B (+10% YoY) on a normalized/constant currency basis. - Total revenue $2.4B (+8% YoY). - Adjusted EBITDA $1.2B (+13% YoY); 51% adjusted EBITDA margin, up +190 bps QoQ and +300 bps YoY (cost discipline, power cost benefits, operating leverage). - AFFO > $1B for the first time: +11% YoY; AFFO/share $10.79 (+10% YoY). - Bookings/field activity very strong: total sales activity >+35% YoY, record backlog; StarBetter annualized gross bookings $378M (+9% YoY) with ~$140M pre-selling on top.
AI demand shift: from pilots to enterprise-wide agentic AI adoption (key thesis) - Management says customer conversations shifted: piloting AI → scaling AI enterprise-wide. - “Agentic AI” needs private low-latency, distributed architecture near data, plus ability to move across models/clouds while respecting jurisdiction/compliance—framed as an “architecture gap” Equinix is positioned to solve. - Evidence cited: ~60% of largest deals AI-related in Q1; large capacity fabric connections tripled vs. a year ago. - Hyperscaler/Neo Cloud ecosystem expansion: 8 of top 10 AI model providers and 4 of top 5 Neo clouds expanding at Equinix, with 110+ network nodes (not including what hyperscalers already deploy for their own connectivity journeys).
Guidance raised for Q2 and full-year (clear forecast uplift) - Q2 2026 outlook: MRR growth 10%–11% YoY. - Full-year 2026 outlook raised: - Total revenue growth expected 10%–11% (raised by $21M based on Q1 outperformance; guidance assumes economics from xScale Hampton shift between quarters). - Adjusted EBITDA margin ~51% (raised by $24M). - AFFO growth expected 10%–12% (raised by ~$40M); AFFO/share growth 9%–11%. - Capacity & capex: excluding xScale and land acquisitions, total capex ~top end of prior range: $4.1B, including $280–$300M recurring and ~$3.8B nonrecurring; management continues evaluating ways to accelerate capacity.

Exclusive for Stockcircle Pro members

Sign upSign Up
$1111.67

Target Price by Analysts

3.2% upsideEquinix Target Price DetailsTarget Price
$-57.83

Current Fair Value

105.4% downside

Overvalued by 105.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$105.33 Billion
Enterprise Value$127.28 Billion
Dividend Yield$19.70 (1.84%)
Earnings per Share$13.79
Beta1
Outstanding Shares98,392,000

Return

Return on Equity9.95%ROE
Return on Assets3.48%
Return on Invested Capital5.56%

Valuation & Multiples

P/E Ratio73.9P/E Ratio
PEG352.05PEG
Price to Sales11.34Price to Sales
Price to Book Ratio7.43Price to Book Ratio
Enterprise Value to Revenue13.49
Enterprise Value to EBIT63.01
Enterprise Value to Net Income89
Total Debt to Enterprise0.18
Debt to Equity1.63Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$4.30
Average shareholder expectation
Revenue Estimate
$2.52 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$4.78
Average shareholder expectation
Revenue Estimate
$2.58 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.5133▲ 84.18%
Total Calls461,013▲ 45.65%
Total Puts697,650▲ 228.24%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %95.70%▼ 0.48%
Total Invested$91.69B▲ 27.06%
Investors Holding1,320▲ 97.00%

ESG Score

No data

About Equinix Inc

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and analysis for all tax legislation, directly influencing corporate tax structures and fiscal policy decisions. Its technical expertise is foundational to tax laws that significantly impact Equinix's financial planning and profitability.

Finance

As the primary tax-writing committee, its decisions on corporate tax rates, depreciation schedules, and international tax policies directly impact Equinix's profitability, capital investment decisions, and overall financial performance as a global REIT.

Banking, Housing, and Urban Affairs

As a Real Estate Investment Trust (REIT), Equinix is tied to real estate markets. Crucially, this committee regulates the financial system, which comprises a significant portion of Equinix's customer base. Its decisions on cryptocurrency regulation also impact a growing segment of Equinix's clientele.

Commerce, Science, and Transportation

This committee directly regulates interstate commerce, telecommunications, data privacy, and internet policy (e.g., net neutrality). Its decisions profoundly impact the demand for and regulation of data centers, interconnection services, and 'Big Tech' clients that are core to Equinix's business model.

Energy and Natural Resources

Energy costs are a primary operating expense for data centers. This committee's oversight of national energy policy, including power generation, transmission, and pricing, directly impacts Equinix's profitability and site selection strategies.

Homeland Security and Governmental Affairs

Equinix's data centers are critical infrastructure, often serving government agencies and supporting regulated industries. This committee's oversight of government procurement, cybersecurity, and emerging risks like AI directly impacts Equinix's operational environment, potential contracts, and the regulatory landscape for its services.