The earnings call highlights Equinix's strong financial performance, robust customer engagement, and strategic expansion efforts, despite some challenges related to increased churn and decreased nonrecurring revenue from xScale. The outlook remains positive with raised guidance and ongoing execution of the Build Bolder strategy.

Company Guidance -

Q3 2025

During the Equinix second quarter earnings call for fiscal year 2025, the company provided several key financial metrics and guidance insights. Equinix reported Q2 revenues of $2.26 billion, marking a 5% year-over-year increase, with recurring revenue growth up 7%. Adjusted EBITDA margins reached a historic high of 50%, and AFFO per share rose by 8% year-over-year. The company closed 4,100 deals with over 3,300 customers, resulting in $345 million of annualized gross bookings for the quarter. Equinix's growth strategy includes capital expenditures focused on capacity expansion, with a significant portion allocated to new IBX data centers, xScale joint ventures, and digital product offerings. The company aims for investments yielding approximately 25% at stabilization and expects to achieve double-digit revenue growth as its "Build Bolder" strategy is implemented. For full-year 2025, Equinix raised its revenue guidance by $58 million, maintaining a growth rate of 7% to 8% on a normalized and constant currency basis.

Strong Financial Performance

In Q2 2025, Equinix's revenues, adjusted EBITDA, and AFFO were in line with or better than expectations. Adjusted EBITDA margins hit 50% for the first time in history, and AFFO per share increased 8% year-over-year.

Robust Customer Engagement

Closed 4,100 deals across more than 3,300 customers, resulting in $345 million of annualized gross bookings for Q2 2025, a new disclosed metric at Analyst Day.

Data Center Expansion

59 major projects underway globally, including 12 xScale projects. Added 9 new retail projects and finalized acquisition of 3 data centers in the Philippines.

Strong Interconnection Revenue

Interconnection revenues grew 8% year-over-year, crossing $400 million of quarterly revenues for the first time, with a net addition of 6,200 total interconnections, driven by cloud and AI expansion activities.

Positive Guidance and Growth Outlook

Raised 2025 revenue guidance by $58 million, adjusted EBITDA guidance by $46 million, and AFFO guidance by $28 million. Capital expenditures expected to range between $3.8 billion and $4.3 billion.

Equinix (EQIX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EQIX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	3.72 / -	3.1	―	―	―
Jul 30, 2025	2025 (Q2)	3.48 / 3.75	3.16	18.67% (+0.59)
Apr 30, 2025	2025 (Q1)	2.97 / 3.50	2.43	44.03% (+1.07)
Feb 12, 2025	2024 (Q4)	2.67 / -0.14	2.4	-105.83% (-2.54)
Oct 30, 2024	2024 (Q3)	2.94 / 3.10	2.93	5.80% (+0.17)
Aug 07, 2024	2024 (Q2)	2.66 / 3.16	2.21	42.99% (+0.95)
May 08, 2024	2024 (Q1)	2.65 / 2.43	2.77	-12.27% (-0.34)
Feb 14, 2024	2023 (Q4)	2.17 / 2.40	1.39	72.66% (+1.01)
Oct 25, 2023	2023 (Q3)	2.15 / 2.93	2.3	27.39% (+0.63)
Aug 02, 2023	2023 (Q2)	2.06 / 2.21	2.37	-6.75% (-0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EQIX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$797.04	$785.17	-1.49%
Apr 30, 2025	$856.14	$857.35	+0.14%
Feb 12, 2025	$925.38	$913.31	-1.30%
Oct 30, 2024	$896.41	$894.31	-0.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Equinix (EQIX) report earnings?

Equinix (EQIX) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Equinix (EQIX) earnings time?

Equinix (EQIX) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EQIX EPS forecast?

EQIX EPS forecast for the fiscal quarter 2025 (Q3) is 3.72.

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