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Equinix (EQIX)
:EQIX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.03Last Year’s EPS
2.43Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 0.54%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrated strong performance with record-breaking revenue and growth in key areas such as adjusted EBITDA and AFFO. Despite significant achievements, challenges such as currency impacts, capacity constraints, and impairment charges were noted. The company is optimistic about future growth opportunities, particularly in AI and interconnection services.Company Guidance
During the Equinix Fourth Quarter Earnings Conference Call, the company reported strong financial performance for the year 2024, with revenues reaching $8.7 billion, marking an 8% year-over-year increase. The adjusted EBITDA was $4.1 billion, reflecting a 160 basis point improvement in margins. Equinix's AFFO per share grew by 10% year-over-year, at the top end of their long-term expectations. The company closed a record number of over 16,200 deals across more than 6,000 customers, with bookings driven by 30% through their channel program. In 2024, Equinix leased approximately 150 megawatts of capacity in their xScale business and achieved five-nines uptime, reducing their Power Usage Effectiveness (PUE) by over 6%, saving $18 million in operating costs. For 2025, Equinix forecasts a 7% to 8% revenue growth on a normalized and constant currency basis, with adjusted EBITDA margins expected to improve by 190 basis points, aiming for AFFO per share growth of 7% to 9%. The company plans to invest between $3.2 billion and $3.5 billion in capital expenditures, focusing on bold expansions and enhancements in data center capacity across major metros.Record-Breaking Revenue and Growth
Revenues for the full year were $8.7 billion, up 8% year-over-year, marking 22 years of consecutive quarterly revenue growth.
Improved Adjusted EBITDA Margins
Adjusted EBITDA was $4.1 billion, with a 160 basis point improvement in margins year-over-year.
Strong AFFO Growth
AFFO per share grew 10% year-over-year, reaching the top end of long-term expectations.
Record Gross Bookings
Equinix delivered the best gross bookings performance in its 26-year history, with more than 16,200 deals across over 6,000 customers in 2024.
xScale Business Expansion
Leased approximately 150 megawatts of capacity and nearly tripled the investment capital of the xScale program in 2024.
Sustainability Achievements
Recognized on CDP's Climate Change A List for the third consecutive year and rated AAA by MSCI for the first time.
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EQIX Earnings History
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
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EQIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $935.20 | $923.00 | -1.30% |
| Oct 30, 2024 | $905.92 | $903.80 | -0.23% |
| Aug 07, 2024 | $772.62 | $801.52 | +3.74% |
| May 08, 2024 | $682.23 | $760.74 | +11.51% |
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.
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FAQ
When does Equinix (EQIX) report earnings?
Equinix (EQIX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Equinix (EQIX) earnings time?
Equinix (EQIX) earnings time is at May 07, 2025, TBA Not 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 (Q1) is 3.03.
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