Equinix Q2 Results: Solid Earnings But Valuation And Risks Loom Large

JHVEPhoto Introduction/Earnings Equinix (NASDAQ:EQIX) had an extremely strong second quarter, reporting a beat on revenue, EPS, and FFO. Over the past two years, they have only beaten FFO expectations half the time, so this comes as a welcome surprise. Revenue was up 2% QoQ and 7% Yo'Y, and AFFO per diluted share was up 4% sequentially and 16% YoY. AFFO per share in the TTM is up 8.66% YoY, which is extremely impressive compared to the sector median of only 2.27%. Their balance sheet is also very solid, wit ...