Equinix beats Q3 net income estimates

Equinix

29/10/2025 20:18

Overview

Equinix Q3 revenue grows 5% yr/yr

Net income for Q3 beats analyst estimates, reflecting strong operational performance

Company announces strategic land acquisitions to expand data center capacity globally

Outlook

Equinix expects Q4 revenues between $2.411 bln and $2.531 bln

Company anticipates FY 2025 revenues between $9.208 bln and $9.328 bln

Equinix projects FY 2025 adjusted EBITDA between $4.531 bln and $4.611 bln

Result Drivers

RECORD BOOKINGS - Equinix achieved record annualized gross bookings of $394 mln, up 25% yr/yr, indicating strong demand

CAPACITY EXPANSION - Co significantly expanded capacity with land acquisitions in major metros to support over 900 megawatts of capacity

AI INFRASTRUCTURE - Equinix launched Distributed AI infrastructure solution to enhance support for AI workloads, showcasing partnerships with industry leaders

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$2.316 bln
$2.32 bln (17 Analysts)
Q3 EPS
$3.81
Q3 Net Income
Beat
$374 mln
$360.90 mln (14 Analysts)
Q3 Income From Operations
Miss
$474 mln
$516.60 mln (14 Analysts)
Q3 Pretax Profit
Miss
$399 mln
$409.40 mln (11 Analysts)
Q3 Basic EPS
$3.82
Q3 Gross Profit
$1.17 bln
Q3 Operating Expenses
$700 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Equinix Inc is $960.00, about 15% above its October 28 closing price of $816.13

The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 52 three months ago

Press Release: ID:nPndWH3a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)