Overview
Digital infrastructure firm's Q4 revenue missed analyst expectations
Net income for Q4 missed analyst estimates
Company increased quarterly cash dividend by 10% to $5.16 per share
Outlook
Equinix expects 2026 revenue between $10.123 bln and $10.223 bln
Company projects 2026 adjusted EBITDA between $5.141 bln and $5.221 bln
Equinix forecasts 2026 AFFO per share between $41.93 and $42.74
Result Drivers
RECURRING REVENUE GROWTH - Q4 monthly recurring revenue increased 10% year over year, driven by strong demand for AI, cloud, and network solutions
RECORD BOOKINGS - Delivered record annualized gross bookings of $474 mln in Q4, up 42% over the previous year
STRATEGIC PARTNERSHIPS - Salesforce deepened its partnership with Equinix to enhance AI performance through private network connections
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $2.42 bln | $2.46 bln (18 Analysts) |
Q4 EPS | $2.69 | ||
Q4 Net Income | Miss | $265 mln | $371.23 mln (12 Analysts) |
Q4 Income From Operations | Miss | $422 mln | $557.36 mln (15 Analysts) |
Q4 Pretax Profit | Miss | $312 mln | $439.94 mln (11 Analysts) |
Q4 Basic EPS | $2.70 | ||
Q4 Gross Profit | $1.22 bln | ||
Q4 Operating Expenses | $800 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Equinix Inc is $950.00, about 10.9% above its February 10 closing price of $856.74
The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 54 three months ago
Press Release: ID:nPn7rLZ74a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)