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Inferra AI / Company / EQIX

Equinix

EQIX · Real Estate

Last earnings Jul 29, 2026

Key results

Operating marginquarter

22%

operating margin of 22%, a 13% increase over the same quarter of the previous year, primarily from strong underlying operating performance Net Income Attributable to Common Stockholders and Net Income per Share Attributable to Common Stockholders $368 million, a 22% increase over the same quarter of the previous year

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Net incomequarter

$368 million

operating margin of 22%, a 13% increase over the same quarter of the previous year, primarily from strong underlying operating performance Net Income Attributable to Common Stockholders and Net Income per Share Attributable to Common Stockholders $368 million, a 22% increase over the same quarter of the previous year

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Interconnection revenuequarter

$400 million

Interconnection revenues crossed $400 million for the first time, an as-reported increase of 9% year over year, or 8% on a normalized and constant currency basis.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Revenuequarter

$2,256 million

Revenues 2,256 2,225 2,159 4,481 4,286

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Gross marginquarter

$1,172 million

Gross profit 1,172 1,141 1,077 2,313 2,113

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

EPSquarter

$ 3.75

Diluted EPS $ 3.75 $ 3.50 $ 3.16 $ 7.26 $ 5.59

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

AI analysis

Q2 2025 · reported Jul 31, 2025

Based on: Earnings release + parent 8-K/A + 10-Q — transcript not held

Revenue · Q2 2025
$2,256M
EX-99 · Jul 31, 2025
EPS · Q2 2025
$ 3.75
EX-99 · Jul 31, 2025
Net income · Q2 2025
$368M
EX-99 · Jul 31, 2025
Operating margin · Q2 2025
22%
EX-99 · Jul 31, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Operating margin22%——
Net income$368 million——
Interconnection revenue$400 million——
Revenue$2,256 million——
Gross margin$1,172 million——
EPS$ 3.75——

EX-99 · Jul 31, 2025

Guidance · company-stated

Revenues

“$9,175”

Adjusted EBITDA

“Margin % $4,471”

Capital Expenditures

“(includes xScale) $3,168”

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin22%
Gross margin$1,172M

Capital allocation

Recurring capex$90M
Total capex$3.792
Capex$3.520

Recurring capital expenditures are expected to range between $70 and $90 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

We had a strong first half of 2025, achieving robust bookings and strong financial results further indication that our strategy is meeting the opportunity, said Adaire Fox-Martin, CEO and

Based on: Earnings release + parent 8-K/A + 10-Q — transcript not held

Guidance & outlook

Revenues: “Revenues $9,175”

Adjusted EBITDA: “Adjusted EBITDA Margin % $4,471”

Capital Expenditures: “Capital Expenditures (includes xScale) $3,168”

Revenues (“Business Outlook”)
“Revenues $9,175”

Adjusted EBITDA (“Business Outlook”)
“Adjusted EBITDA Margin % $4,471”

Capital Expenditures (“Business Outlook”)
“Capital Expenditures (includes xScale) $3,168”

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Capital allocation

Recurring capital expenditures are expected to range between $70 and $90 million.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Total capital expenditures are expected to range between $3.792 and $4.292 billion.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

This includes non-recurring capital expenditures of between $3.520 and $4.000 billion, which now incorporate approximately $450 million of on-balance-sheet xScale-related spend, which we expect to be reimbursed later this year as we transfer assets into our U.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Recurring capital expenditures are expected to range between $272 and $292 million.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

The AFFO guidance is based on the adjusted EBITDA guidance less our expectations of net interest expense, an installation revenue adjustment, a straight-line rent expense adjustment, a contract cost adjustment, amortization of deferred financing costs and debt discounts and premiums, income tax expense, an income tax expense adjustment, recurring capital expenditures, other income or expense, adjustments for gain or loss on asset dispositions, and adjustments for unconsolidated joint ventures and non-controlling interests share of these items.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Adjusted EBITDA represents net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs, and gain or loss on asset sales.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Strategy & priorities

com FOR IMMEDIATE RELEASE EQUINIX REPORTS SECOND-QUARTER 2025 RESULTS Strong Financial Performance and Customer Momentum Demonstrate Company Strategy and Execution Are Capturing the Market Opportunities Deepened customer engagement, with 4,100 deals closed across more than 3,300 customers and $345 million in annualized gross bookings Added 6,200 net interconnections in the quarter, reaching over 492,000 in total and maintaining leadership in enabling cloud and AI ecosystem connectivity Drove significant operating leverage in the quarter, demonstrating continued value for shareholders REDWOOD CITY, Calif.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

We had a strong first half of 2025, achieving robust bookings and strong financial results further indication that our strategy is meeting the opportunity, said Adaire Fox-Martin, CEO and President, Equinix.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

More than 70% of the company s announced retail expansion spend is allocated to major metros, and more than 90% of its development is on owned land or owned buildings with long-term ground leases.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

EssilorLuxottica , a global leader in advanced vision care products, eyewear and med-tech solutions, chose Equinix to enhance operational efficiency and support seamless global expansion with high-performance connectivity.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

The company now has more than 492,000 total interconnections, adding 6,200 interconnections in the second quarter of 2025, driven by cloud and AI expansion activities.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Risks & headwinds

11 Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties.

SEC original ↗Equinix — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Legal Proceedings 62 Item 1A.

SEC original ↗Equinix — 10-Q Quarterly report10-QJul 29, 2026

Exhibits 90 Signatures 92 3 Table of Contents Summary of Risk Factors Our business is subject to numerous risks and uncertainties that make an investment in our securities speculative or risky, any one of which could materially adversely affect our results of operations, financial condition or business.

SEC original ↗Equinix — 10-Q Quarterly report10-QJul 29, 2026

The current uncertain economic environment, including challenges related to power and supply chains, could impact our business and the businesses of our customers.

SEC original ↗Equinix — 10-Q Quarterly report10-QJul 29, 2026

Terrorist activity, or other acts of violence, including violence stemming from war or the current climate of political and economic uncertainty, could adversely impact our business.

SEC original ↗Equinix — 10-Q Quarterly report10-QJul 29, 2026

Difficulties from or disruptions to these efforts may interrupt our normal operations and adversely affect our business and results of operations.

SEC original ↗Equinix — 10-Q Quarterly report10-QJul 29, 2026

Documents

Earnings deck slides

0 decks with slide view

Equinix — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Equinix — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

KE Holdings (BEKE) Real EstateInvitation Homes (INVH) Real EstateAlexandria Real Estate Equities (ARE) Real EstateIron Mountain (IRM) Real EstateVici Properties (VICI) Real EstateMid-America Apartment Communities (MAA) Real EstateVivmark Residential (VMRK) Real EstateWelltower (WELL) Real Estate

Filings

62 documents

Earnings releases

59 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Equinix are held in this edition of the library.

Mentioned by

9 companies

Other tracked companies whose held documents mention Equinix by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.