On July 30, Equinix rose 3.32% in after-hours trading, trading at $1040.5/share, with turnover of $14.55 million. The stock rebounded sharply after the company posted Q2 results that exceeded market expectations.

Equinix reported Q2 adjusted funds from operations (AFFO) per share of $11.78, surpassing the FactSet consensus estimate of $11.35 by approximately 3.8%. The company also confirmed full-year revenue guidance of $10.205B-$10.285B, bracketing the FactSet estimate of $10.24B. The beat came after two consecutive sessions of sector-wide selling pressure ahead of the earnings release, during which Equinix shares had retreated from approximately $1050 to $1002. Peers including Digital Realty Trust, Fermi Inc., and Blackstone Digital Infrastructure Trust had also declined in tandem. The stronger-than-expected results and maintained guidance effectively alleviated concerns over decelerating growth in the data center REIT space, triggering a rapid post-earnings recovery.

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