EQIX Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Equinix delivered a notably strong Q3 2025, with earnings per share of $3.81 beating the $3.43 consensus estimate by 10.94%, even as revenue of $2.32 billion came in fractionally light of the $2.33 billion Wall Street expected, a -0.46% miss that did… Read more Equinix delivered a notably strong Q3 2025, with earnings per share of $3.81 beating the $3.43 consensus estimate by 10.94%, even as revenue of $2.32 billion came in fractionally light of the $2.33 billion Wall Street expected, a -0.46% miss that did little to overshadow the broader profitability story. Revenue grew 5.2% year over year, supported by an 8% rise in monthly recurring revenue and record annualized gross bookings of $394 million, up 25% year over year, signaling that demand for Equinix's data center and interconnection infrastructure is accelerating rather than plateauing. Adjusted EBITDA margins expanded 200 basis points to 50%, while AFFO climbed 11% to $965 million, reflecting both operational leverage and disciplined balance sheet management. The company's interconnection franchise, now generating $422 million in quarterly revenue with over 499,000 total connections, remains a core growth engine. Looking ahead, Equinix raised its full-year AFFO guidance by $31 million on an underlying basis and projects Q4 revenue of $2.41 billion to $2.53 billion, roughly 7% sequential growth, as capacity expansion across 58 active global projects continues to scale.