European Investor
30 Jul 2026, 09:36
Equinix Stock Edges Higher After Strong Q2 Results and Raised Long-Term Outlook
Equinix (NASDAQ: EQIX) shares rose about 1% in premarket trading on Thursday after the data center operator reported strong second-quarter results, raised its 2026 guidance and increased its long-term growth outlook, reflecting sustained demand for cloud connectivity and AI infrastructure.
Second-quarter revenue increased 16% year-over-year to $2.63 billion, while operating income climbed 35% to $665 million. Net income rose 30% to $479 million, or $4.83 per diluted share. The company also delivered a record adjusted EBITDA of $1.40 billion, with margin expanding to 53%, and AFFO per share increased 19% to $11.78.
AI and Cloud Demand Continue to Fuel Growth
Equinix reported strong operational momentum across its platform. Monthly recurring revenue increased 11%, annualized gross bookings grew 23% to the second-highest level in company history, and the company added a record 9,700 net interconnections during the quarter, reinforcing its leadership in global digital infrastructure.
The company also continued expanding its AI ecosystem through deeper collaborations with Cisco and NVIDIA, while accelerating capacity additions with 52 data center projects currently under development across 33 markets.
Guidance Raised as Demand Strengthens
Management raised its full-year 2026 outlook, now expecting revenue between $10.21 billion and $10.29 billion and adjusted EBITDA of $5.21 billion to $5.27 billion. Equinix also lifted its long-term outlook for 2027-2029, increasing its expected annual revenue growth to 10-13%, up from the previous 7-10% range, while forecasting stronger AFFO per-share growth as AI-driven demand continues to accelerate.
The company also significantly increased its planned capital investment to support expanding customer demand and committed capacity across its global platform.
What to Watch
Although the stock posted only a modest premarket gain, the results reinforce Equinix's position as one of the key infrastructure beneficiaries of the AI investment cycle. Investors will closely monitor the pace of new capacity deployments, customer bookings and hyperscaler demand as enterprises continue expanding AI and cloud infrastructure worldwide.
Equinix (NASDAQ: EQIX) shares rose about 1% in premarket trading on Thursday after the data center operator reported strong second-quarter results, raised its 2026 guidance and increased its long-term growth outlook, reflecting sustained demand for cloud connectivity and AI infrastructure.
Second-quarter revenue increased 16% year-over-year to $2.63 billion, while operating income climbed 35% to $665 million. Net income rose 30% to $479 million, or $4.83 per diluted share. The company also delivered a record adjusted EBITDA of $1.40 billion, with margin expanding to 53%, and AFFO per share increased 19% to $11.78.
AI and Cloud Demand Continue to Fuel Growth
Equinix reported strong operational momentum across its platform. Monthly recurring revenue increased 11%, annualized gross bookings grew 23% to the second-highest level in company history, and the company added a record 9,700 net interconnections during the quarter, reinforcing its leadership in global digital infrastructure.
The company also continued expanding its AI ecosystem through deeper collaborations with Cisco and NVIDIA, while accelerating capacity additions with 52 data center projects currently under development across 33 markets.
Guidance Raised as Demand Strengthens
Management raised its full-year 2026 outlook, now expecting revenue between $10.21 billion and $10.29 billion and adjusted EBITDA of $5.21 billion to $5.27 billion. Equinix also lifted its long-term outlook for 2027-2029, increasing its expected annual revenue growth to 10-13%, up from the previous 7-10% range, while forecasting stronger AFFO per-share growth as AI-driven demand continues to accelerate.
The company also significantly increased its planned capital investment to support expanding customer demand and committed capacity across its global platform.
What to Watch
Although the stock posted only a modest premarket gain, the results reinforce Equinix's position as one of the key infrastructure beneficiaries of the AI investment cycle. Investors will closely monitor the pace of new capacity deployments, customer bookings and hyperscaler demand as enterprises continue expanding AI and cloud infrastructure worldwide.
