Equinix stock gets fresh lift from record bookings, higher outlook
Published on 11/04/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEquinix expands its growth outlook
- Record annualized bookings and sustained demand from cloud and AI workloads strengthened the operating outlook.
- Management raised full-year revenue, adjusted EBITDA and AFFO guidance for the third consecutive quarter.
- New connectivity and liquid-cooling initiatives are intended to support capacity expansion.
Equinix reported stronger third-quarter operations on October 28, 2026, and raised its full-year outlook for the third consecutive quarter. The company's release said demand remained broad across traditional infrastructure and artificial intelligence workloads.
Revenue reached 2.571 billion US dollars in the quarter ended September 30, up 11 percent from a year earlier on an as-reported basis. On a normalized and constant-currency basis, revenue increased 12 percent. Operating income rose 27 percent to 600 million US dollars, while net income attributable to common stockholders increased 31 percent to 489 million US dollars, or 4.93 US dollars per diluted share.
Bookings point to sustained demand
Annualized gross bookings reached a record 533 million US dollars, an increase of 35 percent year over year. Equinix also added 6,900 net interconnections during the quarter. Interconnection revenue grew 10 percent, and Fabric revenue rose 24 percent, highlighting the contribution of connectivity services alongside the company's core data center operations.
Monthly recurring revenue grew by double digits for the fourth consecutive quarter, according to Equinix. Adjusted EBITDA reached 1.321 billion US dollars, up 15 percent on an as-reported basis, with a margin of 51 percent. AFFO rose 20 percent as reported to 1.156 billion US dollars. Excluding the benefit of a non-recurring fee from the atNorth joint venture, AFFO growth was 14 percent on a normalized and constant-currency basis.
Higher targets require more investment
Equinix now expects full-year revenue between 10.325 billion and 10.365 billion US dollars, representing growth of approximately 12 percent. Adjusted EBITDA is forecast at 5.290 billion to 5.330 billion US dollars, with a margin of approximately 51 percent. AFFO is expected to range from 4.340 billion to 4.380 billion US dollars, while AFFO per share is projected at 43.71 to 44.11 US dollars.
For the fourth quarter, revenue guidance stands at 2.684 billion to 2.724 billion US dollars, with adjusted EBITDA of 1.328 billion to 1.368 billion US dollars. Total capital expenditure is expected to remain between 5 billion and 6 billion US dollars for the year, underscoring the capital intensity of the expansion plan.
Chief Executive Officer and President Adaire Fox-Martin said the company had accelerated capacity delivery to meet broad-based demand. Equinix said nearly 40 percent more cabinets were planned for delivery in 2026 than initially anticipated. The company also introduced Fabric One, Equinix Inference Exchange and a network of liquid-cooling environments for high-density AI infrastructure.
What the update means for investors
The higher outlook improves visibility into near-term growth, but it also keeps execution and investment spending central to the equity story. The atNorth fee supported reported profit and AFFO, making the normalized figures more relevant when assessing recurring operating momentum. Record bookings and double-digit recurring revenue growth provide the main evidence for the raised targets.
The real-time quote of Equinix stock stood at 909.80 euros on Lang & Schwarz at 13:42 CET on Wednesday, November 4, 2026.
Equinix stock at a glance
- Company: Equinix, Inc.
- ISIN: US29444U7000
- Ticker: EQIX
- Home exchange: Nasdaq
- Lang & Schwarz quote: 909.80 euros at 13:42 CET on November 4, 2026
The broader US market context can be followed through the S&P 500 market overview.
Further capacity delivery, recurring revenue growth and the company's next quarterly update will be key markers for investors as Equinix converts its booking pipeline into revenue.
