Equinix raises 2026 guidance and long-term outlook following strong Q2 bookings driven by AI data center demand across its 250+ global facilities.
Equinix, Inc. (Nasdaq: EQIX) reported strong second-quarter 2026 results for the period ended June 30, delivering double-digit monthly recurring revenue growth for the third consecutive quarter and record-level new interconnections on its platform.
"We delivered an exceptionally strong Q2," said Adaire Fox-Martin, CEO and President of Equinix. "Monthly recurring revenue grew double digits for the third straight quarter, new interconnections on our platform hit a record level, and disciplined execution drove robust profit growth. Our revised 2026 guidance and long-term financial outlook reflect momentum across the business. Customer demand is broad-based and growing, and Equinix is uniquely positioned to serve the networking, cloud and AI infrastructure needs of enterprises around the world."
For the third quarter of 2026, Equinix expects revenues between $2.525 and $2.575 billion, representing 9–11% growth on an as-reported basis or 10–12% on a normalized and constant currency basis. Adjusted EBITDA is projected between $1.275 and $1.315 billion, reflecting a 51% adjusted EBITDA margin.
For the full year 2026, the company raised its outlook significantly. Total revenues are expected to range between $10.205 and $10.285 billion, an 11–12% increase over the prior year on both as-reported and normalized constant currency bases. Adjusted EBITDA is forecast between $5.210 and $5.270 billion, representing approximately 51% margin—a 2% expansion year-over-year. Adjusted Funds from Operations (AFFO) is expected between $4.240 and $4.300 billion, up 13–14% as-reported or 12–13% on a normalized basis. AFFO per share is projected at $42.69–$43.29, an 11–13% increase as-reported or 10–12% normalized. Total capital expenditures are expected to range between $5.0 and $6.0 billion.
The updated outlook reflects stronger-than-expected demand, accelerating bookings and presales activity, increased visibility from committed capacity, firm pricing, and continued confidence in achieving attractive returns on invested capital.
Equinix will discuss quarterly results in a conference call on Wednesday, July 29, 2026, at 5:30 p.m. ET (2:30 p.m. PT). A live webcast will be available at www.equinix.com/investors. To participate by phone, dial 1-517-308-9482 (domestic and international) and reference passcode EQIX. A replay will be available through September 30, 2026, by dialing 1-866-427-6395 and referencing passcode 2026.
Equinix shortens the path to boundless connectivity anywhere in the world through its digital infrastructure, data center footprint and interconnected ecosystems. The company connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere.