Core Insights - Equinix reported $2.23 billion in revenue for Q1 2025, a year-over-year increase of 4.6%, with an EPS of $9.67 compared to $2.43 a year ago, exceeding both revenue and EPS consensus estimates [1] - The company achieved a revenue surprise of +0.42% and an EPS surprise of +7.92% compared to analyst expectations [1] Financial Performance - Equinix's shares returned +4.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3] Capacity and Revenue Metrics - Cabinet Equivalent Capacity in the Americas was 144,100, slightly below the estimated 145,538 [4] - EMEA's Cabinet Equivalent Capacity was 138,300, compared to an estimate of 139,375 [4] - Asia-Pacific's Cabinet Equivalent Capacity was 89,400, against an estimate of 90,538 [4] - Worldwide Cabinet Equivalent Capacity totaled 371,800, below the average estimate of 375,450 [4] Geographic Revenue Breakdown - Asia-Pacific revenue was $481 million, below the average estimate of $490.44 million [4] - Americas revenue reached $1 billion, exceeding the average estimate of $982.55 million [4] - EMEA revenue was $743 million, slightly below the estimate of $744.53 million [4] - Europe-Recurring-Other revenue was $27 million, above the average estimate of $25.10 million [4] Recurring and Non-Recurring Revenue - Recurring revenues totaled $2.09 billion, matching the five-analyst average estimate [4] - Non-recurring revenues were $138 million, surpassing the average estimate of $128.50 million [4] - Managed infrastructure recurring revenues were $115 million, slightly below the estimate of $117.30 million [4] - Interconnection recurring revenues were $393 million, just below the average estimate of $394.64 million [4]

Equinix (EQIX) came out with quarterly funds from operations (FFO) of $9.67 per share, beating the Zacks Consensus Estimate of $8.96 per share. This compares to FFO of $8.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 7.92%. A quarter ago, it was expected that this data center operator would post FFO of $8.09 per share when it actually produced FFO of $7.92, delivering a surprise of -2.10%.Over the last four quarters, the compa ...

Financial Data and Key Metrics Changes - In Q1 2025, Equinix reported revenues of $2.2 billion, an 8% year-over-year increase, excluding the impact of Power Pass Through [8][24] - Adjusted EBITDA margins increased to 48% of revenues, and AFFO per share rose by 9% year-over-year, both exceeding expectations due to strong operating performance and lower utility costs [10][25] - Global Q1 AFFO was $947 million, up 13% year-over-year, significantly above expectations [25] Business Line Data and Key Metrics Changes - Strong recurring revenue growth was noted, driven by the impact of bookings from the second half of 2024 [8] - Interconnection revenues grew by 9% year-over-year, with over 486,000 total interconnections deployed [17] - The Secure Cabinet Express product saw a nearly 300% increase year-over-year, accounting for one-third of all new cabinet sales in Q1 [16] Market Data and Key Metrics Changes - Recurring revenues grew fastest in the APAC region at 8%, followed by The Americas and EMEA regions at 7% [28] - The Americas region delivered its best gross and net bookings performance to date, with strong demand from financial services and AI-oriented customers [28] - EMEA experienced solid gross booking performance but was impacted by anticipated churn [28] Company Strategy and Development Direction - Equinix is focusing on three strategic moves: serving customers better, solving smarter, and building bolder [15] - The company is shifting its strategy to build fewer, larger IBXs, with 56 major projects underway across 33 metros in 24 countries [18] - The company is closely monitoring the macroeconomic environment while maintaining confidence in the demand for digital infrastructure [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for digital infrastructure persisting through varying business cycles and economic policies [21] - The company is committed to delivering value to customers and stakeholders, focusing on innovation and operational excellence [37] - Management noted that customer demand remains strong, with no significant shifts observed in April [44] Other Important Information - The company raised its guidance for revenues, adjusted EBITDA, and AFFO for 2025 based on strong Q1 performance [34] - Capital expenditures for 2025 are expected to range between $3.4 billion and $3.7 billion, reflecting newly approved projects and higher FX rates [35] Q&A Session Summary Question: What is driving the improvements in sales cycles? - Management noted that strong Q1 performance and improved deal conversion contributed to shorter sales cycles, with no significant shifts in demand observed in April [44][46] Question: What are the expectations for recurring revenue growth in the second half of the year? - Management indicated that strong bookings momentum from Q1 and Q2 will support recurring revenue growth in the second half of 2025, despite challenges in EMEA due to churn [55][56] Question: Can you provide an update on the U.S. XScale joint venture? - Management confirmed a strong pipeline for XScale opportunities, with ongoing projects and a positive demand profile despite some challenges in the market [66][68]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40205 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 EQUINIX, INC. (Exact name of registrant as specified in its charter) Delaware 77-0487526 (State of incorporation) (I.R.S. Employer Id ...

Equinix Investor Relations Contacts: Equinix Media Contacts: invest@equinix.com press@equinix.com FOR IMMEDIATE RELEASE EQUINIX REPORTS FIRST-QUARTER 2025 RESULTS Strong Start to 2025 as Company Exceeds Expectations Across Key Financial Metrics with Continued Positive Outlook for Increases in Recurring Revenue and Margin Expansion for the Year REDWOOD CITY, Calif. - April 30, 2025 - Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company , today reported results for the quarter ended March ...

REDWOOD CITY, Calif., April 30, 2025 /PRNewswire/ -- Quarterly revenues of $2.2 billion, an increase of 5% over the same quarter last year as-reported, or 8% on a normalized and constant currency basis, excluding the impact of power pass-through Sustained demand and improved sales execution resulted in gross and net bookings above our expectations for the quarter Strategy resonating with the marketplace, providing continued confidence in 2025 outlookEquinix, Inc. (Nasdaq: EQIX), the world's digital infrastr ...

The first-quarter earnings season is in progress, and investors can be lured by the profits of companies that have already released their quarterly figures. However, instead of buying those stocks, positioning your portfolio with stocks likely to surpass estimates can lead to better returns. An earnings beat often acts as a catalyst, boosting investor confidence and driving the stock price higher.This is likely to be reflected in the earnings releases of Welltower Inc. (WELL) , Equinix, Inc. (EQIX) , Equity ...

Equinix, Inc. (EQIX) is scheduled to report first-quarter 2025 results on April 30, after market close. The company’s quarterly results are likely to reflect year-over-year growth in revenues and adjusted funds from operations (AFFO) per share.In the previous quarter, this Redwood City, CA-based data center real estate investment trust (REIT) reported an AFFO of $7.92 per share, missing the Zacks Consensus Estimate of $8.11 per share. Its quarterly results reflected higher non-recurring charges, undermining ...

Group 1 - The article discusses a long-term, contrarian approach to equities investing, with a focus on the Tech, Commodities, and Energy sectors as the world undergoes an energy transition [1]. Group 2 - There are no stock, option, or similar derivative positions held by the analyst in any mentioned companies, nor are there plans to initiate such positions in the near future [2]. - The article expresses the author's personal opinions and is not influenced by any business relationships with the companies mentioned [2].

Company Overview - Equinix, Inc. (EQIX) is experiencing significant attention from investors due to high implied volatility in the options market, particularly for the Jun 20, 2025 $410.00 Call option [1] Implied Volatility Insights - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant price change for Equinix shares [2] - High implied volatility may also signal an upcoming event that could lead to a substantial rally or sell-off [2] Analyst Sentiment - Equinix currently holds a Zacks Rank 3 (Hold) in the REIT and Equity Trust - Retail industry, which ranks in the top 35% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while six analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from $9.48 to $9.01 per share [3] Trading Strategy Implications - The high implied volatility surrounding Equinix may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility [4] - This strategy aims to benefit from the decay of options value, with the expectation that the underlying stock will not move as much as anticipated by the market [4]