Equinix stock: Q3 growth drives a third 2026 guidance raise

Equinix reported stronger third-quarter operations on Wednesday, October 28, 2026, and raised its full-year outlook for the third consecutive quarter. The company said demand remained broad across connectivity, data centers and artificial-intelligence workloads.

According to the Equinix investor release, third-quarter revenue increased 11 percent year over year to 2.571 billion US dollars. Normalized revenue growth at constant currency was 12 percent, while adjusted EBITDA rose 15 percent to 1.321 billion US dollars and the margin reached 51 percent.

Bookings support capacity expansion

Annualized gross bookings reached a record 533 million US dollars, up 35 percent from the prior year. Equinix added 6,900 net interconnections, while interconnection revenue rose 10 percent and Fabric revenue increased 24 percent.

Net income attributable to common stockholders rose 31 percent to 489 million US dollars, or 4.93 US dollars per diluted share. The result included a non-recurring fee related to the atNorth joint venture. Diluted AFFO per share increased 18 percent as reported and 12 percent on a normalized, constant-currency basis excluding that fee.

Full-year outlook moves higher

Equinix now expects 2026 revenue of 10.325 billion to 10.365 billion US dollars, compared with the previous range of 10.205 billion to 10.285 billion US dollars. Adjusted EBITDA guidance moved to 5.290 billion to 5.330 billion US dollars, while AFFO per share is expected at 43.71 to 44.11 US dollars.

For the fourth quarter, management expects revenue of 2.684 billion to 2.724 billion US dollars and an adjusted EBITDA margin of 49 to 50 percent. Total capital expenditures for 2026, excluding real-estate acquisitions and xScale, remain planned at 5 billion to 6 billion US dollars. Nearly 40 percent more cabinets than initially anticipated are scheduled for delivery in 2026, raising execution and funding requirements alongside the growth opportunity.

Equinix stock traded at 899.30 euros on Lang & Schwarz at 16:43 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Equinix stock.

The Euro Stoxx 50 market theme provides broader context for European trading in internationally listed technology and infrastructure companies.

More news and analyses on Equinix stock will track the next quarterly update and the execution of the expanded capacity plan.