Equinix Q4 revenue misses estimates, dividend up 10%

Equinix

11/02/2026 21:15

Overview

Digital infrastructure firm's Q4 revenue missed analyst expectations

Net income for Q4 missed analyst estimates

Company increased quarterly cash dividend by 10% to $5.16 per share

Outlook

Equinix expects 2026 revenue between $10.123 bln and $10.223 bln

Company projects 2026 adjusted EBITDA between $5.141 bln and $5.221 bln

Equinix forecasts 2026 AFFO per share between $41.93 and $42.74

Result Drivers

RECURRING REVENUE GROWTH - Q4 monthly recurring revenue increased 10% year over year, driven by strong demand for AI, cloud, and network solutions

RECORD BOOKINGS - Delivered record annualized gross bookings of $474 mln in Q4, up 42% over the previous year

STRATEGIC PARTNERSHIPS - Salesforce deepened its partnership with Equinix to enhance AI performance through private network connections

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$2.42 bln
$2.46 bln (18 Analysts)
Q4 EPS
$2.69
Q4 Net Income
Miss
$265 mln
$371.23 mln (12 Analysts)
Q4 Income From Operations
Miss
$422 mln
$557.36 mln (15 Analysts)
Q4 Pretax Profit
Miss
$312 mln
$439.94 mln (11 Analysts)
Q4 Basic EPS
$2.70
Q4 Gross Profit
$1.22 bln
Q4 Operating Expenses
$800 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 7 "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 $950.00, about 10.9% above its February 10 closing price of $856.74

The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release: ID:nPn7rLZ74a

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