Equinix raises 2026 guidance for third time after Q3 results

Equinix, Inc. (EQIX) reported third-quarter 2026 revenue of $2.571 billion, up 11% from a year earlier on an as-reported basis, and raised its full-year 2026 guidance, the company said in a press release furnished to regulators on Oct. 28.

The company reported diluted earnings of $4.93 per share, up 29% from $3.81 a year earlier. Net income attributable to common stockholders was $489 million, a 31% increase, which the company said reflected higher operating income and a non-recurring fee tied to its investment in the atNorth joint venture.

Here's how the company did:

• Revenue: $2.571 billion vs. $2.316 billion a year earlier
• Diluted EPS: $4.93 vs. $3.81 a year earlier
• Adjusted EBITDA: $1.321 billion vs. $1.148 billion a year earlier
• AFFO per share: $11.64 vs. $9.83 a year earlier

Adjusted EBITDA rose 15% from a year earlier on an as-reported basis, or 14% on a normalized and constant currency basis, according to the release.

2026 guidance

For the full year, Equinix expects total revenues of $10.325 billion to $10.365 billion, an increase of approximately 12% over the previous year. Adjusted EBITDA is expected to range from $5.290 billion to $5.330 billion, and AFFO per share from $43.71 to $44.11.

The revised revenue range compares with the $10.205 billion to $10.285 billion range the company gave on July 29. For the fourth quarter, it expects revenues of $2.684 billion to $2.724 billion.

According to its SEC filings, revenue has risen in each of the last three quarters, from $2.32 billion to $2.62 billion, from the third quarter of 2025 to the second quarter of 2026.

Business highlights

The company said it delivered record annualized gross bookings of $533 million and added 6,900 net interconnections during the quarter. It also introduced Equinix Fabric One and announced Equinix Inference Exchange.

CEO and President Adaire Fox-Martin said: "Our Q3 results and raised full-year guidance reflect the differentiated position and growing importance of Equinix."

Equinix, which describes itself as connecting economies, countries, organizations and communities, said it completed its investment in atNorth alongside CPP Investments during the quarter.

The company will discuss its results on a conference call on Oct. 28 at 5:30 p.m. ET.