Equinix (NASDAQ:EQIX) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Equinix (NASDAQ:EQIX) posted its earnings results on Wednesday. The financial services provider reported $8.91 EPS for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16), Zacks reports. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.61%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $7.92 EPS.

Here are the key takeaways from Equinix’s conference call:

• Bookings and recurring revenue accelerated: Q4 annualized gross bookings were $474 million (2025 total annualized bookings $1.6 billion, +27% YoY) and monthly recurring revenue rose ~10% in Q4 (8% for the full year), driving a record pipeline and backlog.
• AI is a major growth driver: About 60% of the largest deals in Q4 were AI-driven (AI deals showed ~33% higher power density), with notable wins including Salesforce, Hudson River Trading, Alembic and Honeywell, underscoring enterprise adoption beyond hyperscalers.
• Upgraded 2026 financial outlook: Management expects revenue growth of 9–10%, MRR +8–10%, adjusted EBITDA margin ~51% (200 bps improvement) and AFFO per share +8–10%, while raising the quarterly dividend by ~10%.
• Timing and investment profile: the Hampton xScale lease moved from Q4 into Q1 (timing, not cancellation), Equinix plans xScale deployment via JVs (no on‑balance sheet xScale spend assumed) and guides 2026 CapEx of $3.7–4.2 billion with net leverage around 3.8x, reflecting heavy near‑term investment that bears watching.

Equinix Price Performance

Shares of EQIX stock traded up $4.17 during midday trading on Friday, reaching $962.04. 346,170 shares of the company traded hands, compared to its average volume of 609,423. The firm’s 50 day simple moving average is $788.39 and its two-hundred day simple moving average is $788.53. The firm has a market cap of $94.46 billion, a PE ratio of 69.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. Equinix has a 1-year low of $701.41 and a 1-year high of $992.90.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, February 25th. This is a positive change from Equinix’s previous quarterly dividend of $4.69. Equinix’s payout ratio is 171.79%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQIX. Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Daiwa Securities Group set a $917.00 price objective on shares of Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group increased their price objective on Equinix from $785.00 to $894.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank restated an “outperform” rating on shares of Equinix in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Equinix from $950.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $990.55.

Equinix News Roundup

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Company raised full‑year 2026 revenue and FFO outlook (FFO growth guidance ~10.5%), citing accelerating AI-related bookings and recurring revenue momentum — the guidance is the primary catalyst lifting the stock. Guidance, Not Earnings, Sends Equinix Stock Higher
• Positive Sentiment: Reuters and company releases highlighted strong AI-driven demand and record bookings (annualized gross bookings up, MRR growth), reinforcing Equinix’s position as a hub for AI infrastructure. Equinix forecasts annual sales above estimates on AI data center demand
• Positive Sentiment: Analysts have lifted price targets and ratings after the print — notable moves include JPMorgan raising its target to $1,100 (overweight), Jefferies to $1,000 (buy), and other firms increasing targets — providing third‑party validation of the outlook. Analyst price target moves (Benzinga)
• Positive Sentiment: Board increased the quarterly dividend by 10% to $5.16 (11th straight year of dividend growth), supporting yield-seeking investor interest and total‑return appeal for REIT investors. Equinix Increases Quarterly Dividend on Its Common Stock
• Neutral Sentiment: Q4 results: FFO and revenue slightly missed consensus (FFO $8.91 vs. $9.07 est.; revenue $2.42B vs. $2.46B est.), but recurring revenue and bookings trends were strong — guidance outweighed the miss for investors. Equinix Q4 AFFO & Revenues Miss Estimates but Grow Y/Y, Dividend Hiked
• Neutral Sentiment: Short‑interest reporting in feeds appears inconsistent/zeroed out (days‑to‑cover reported as 0.0), so short‑interest data is not currently informative for near‑term flow/volatility analysis. Market data / short interest (MarketBeat)
• Negative Sentiment: Legal/ shareholder notice from Halper Sadeh LLC encouraging shareholders to contact the firm may signal potential shareholder litigation — a risk to monitor but not yet material to operations. Halper Sadeh LLC shareholder notice

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 1,333 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the sale, the insider owned 9,551 shares in the company, valued at approximately $7,681,391.75. This represents a 12.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 5,087 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the transaction, the chairman owned 10,426 shares in the company, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,490 shares of company stock worth $15,281,999 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Equinix

Large investors have recently bought and sold shares of the stock. Rossby Financial LCC boosted its holdings in Equinix by 111.5% in the 4th quarter. Rossby Financial LCC now owns 55 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 29 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Equinix during the fourth quarter worth $45,000. Wiser Advisor Group LLC bought a new position in shares of Equinix in the 3rd quarter worth about $53,000. Harvest Fund Management Co. Ltd acquired a new position in Equinix in the third quarter valued at approximately $151,000. Finally, Advisory Services Network LLC acquired a new stake in Equinix in the third quarter worth $173,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.