Equinix (EQIX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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]