Key facts
- Growing barriers to new data-center projects are expected to increase the value of existing capacity.
- Equinix reported record annualized gross bookings of $533 million, up 35% year over year.
- Interconnection revenue grew 10% year over year.
- Fabric revenue increased 24% year over year.
- Third-quarter revenues rose 11% year over year to $2.571 billion.
- Net income increased 31% year over year to $489 million.
Equinix Inc., a leading global data-center operator, stated that increasing difficulties in bringing new projects online will make its current capacity more valuable and could enhance its market pricing power. The company's third-quarter results showed strong performance, leading it to raise its full-year 2026 guidance for the third consecutive quarter. Revenues increased 11% year over year to $2.571 billion, while net income rose 31% to $489 million. Adjusted EBITDA grew 15% to $1.321 billion, and AFFO increased 20% to $1.156 billion.