Equinix (EQIX) AI Stock Analysis

• Market Cap: $75.12B
• Dividend Yield: 2.49%
• Average Volume (3M): 506.48K
• Price to Earnings (P/E): 70.0
• Beta (1Y): 0.68
• Revenue Growth: 5.36%
• EPS Growth: -1.68%
• Country: US
• Employees: 13,606
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 3.81
• Shares Outstanding: 98,186,080
• 10 Day Avg. Volume: 487,904
• 30 Day Avg. Volume: 506,481
• PEG Ratio: -6.31
• Price to Book (P/B): 6.65
• Price to Sales (P/S): 10.29
• P/FCF Ratio: 491.83
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 10.45
• Enterprise Value/Gross Profit: 20.80
• Enterprise Value/Ebitda: 25.45
• 1Y Price Target: $965.86
• Price Target Upside: 27.98% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 15
• EPS Forecast (FY): 14.71
• Revenue Forecast (FY): $9.25B

• Rating: 69 Neutral
• Price Target: $824.00 ▲(9.19% Upside)

Equinix's strong financial performance and positive earnings call guidance are major strengths, driving the overall score. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The company's strategic expansion and robust growth prospects are promising, but challenges such as power constraints and transaction timing risks remain.

Positive Factors

Strategic Expansion

Strategic expansion into new markets like the Philippines and Thailand positions Equinix for long-term growth and increased market share.

Interconnection Revenue Growth

Sustained growth in interconnection revenue highlights strong demand for Equinix's services, reinforcing its competitive position in the market.

Cash Flow Strength

Strong cash flow growth enhances financial flexibility, enabling Equinix to invest in expansion and innovation, supporting long-term business sustainability.

Negative Factors

High Debt Levels

High leverage could limit financial flexibility and increase risk, requiring careful management to avoid potential financial strain.

Higher MRR Churn

Increased churn rates may indicate customer retention challenges, potentially impacting future revenue stability if not addressed.

Supply Chain and Energy Challenges

Supply chain and energy access issues could delay expansion projects, affecting Equinix's ability to meet growing demand and capitalize on market opportunities.

Equinix Business Overview & Revenue Model

Company Description

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

How the Company Makes Money

Equinix generates revenue primarily through its colocation and interconnection services. The company charges customers for physical space within its data centers and for access to its interconnection services, which allow businesses to connect directly with other customers within the facility. Key revenue streams include recurring monthly revenue from long-term contracts with enterprises, cloud service providers, and network service providers. Additionally, Equinix benefits from increased demand for data center services driven by trends such as cloud adoption, digital transformation, and the growth of the Internet of Things (IoT). The company also engages in strategic partnerships and acquisitions to expand its service offerings and market reach, further contributing to its earnings.

Equinix Financial Statement Overview

Summary

Equinix exhibits strong financial health with impressive revenue and profit growth, efficient operational margins, and robust cash flow generation. Despite relatively high debt levels, the company maintains a solid equity base and demonstrates effective cash management.

Income Statement

Equinix demonstrates strong revenue growth with a TTM increase of 1.29% and consistent improvement in gross profit margin to 50.11%. The net profit margin has improved to 11.11%, indicating enhanced profitability. EBIT and EBITDA margins are robust at 18.42% and 40.47%, respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet shows a stable equity base with a debt-to-equity ratio of 1.55, slightly higher than previous years, indicating moderate leverage. Return on equity is at 7.22%, reflecting decent profitability relative to equity. The equity ratio stands at 37.20%, suggesting a balanced capital structure. While leverage is on the higher side, the company maintains a solid equity position.

Cash Flow

Equinix's cash flow statement is strong, with a significant free cash flow growth of 167.80% TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.82, showing effective cash conversion. The free cash flow to net income ratio of 0.30 highlights efficient cash utilization. Overall, the cash flow metrics suggest robust cash management and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.06B	8.75B	8.19B	7.26B	6.64B	6.00B
Gross Profit	4.55B	4.28B	3.96B	3.51B	3.16B	2.92B
EBITDA	3.72B	3.44B	3.37B	2.92B	2.60B	2.35B
Net Income	1.07B	815.00M	969.18M	704.35M	500.19M	369.78M
Balance Sheet
Total Assets	38.06B	35.09B	32.65B	30.31B	27.92B	27.04B
Cash, Cash Equivalents and Short-Term Investments	2.93B	3.61B	2.10B	1.91B	1.54B	1.61B
Total Debt	20.98B	18.96B	17.45B	16.47B	14.99B	13.92B
Total Liabilities	23.88B	21.53B	20.14B	18.80B	17.04B	16.37B
Stockholders Equity	14.16B	13.53B	12.49B	11.51B	10.88B	10.63B
Cash Flow
Free Cash Flow	1.77B	183.00M	435.58M	685.18M	-204.31M	27.32M
Operating Cash Flow	3.75B	3.25B	3.22B	2.96B	2.55B	2.31B
Investing Cash Flow	-4.88B	-3.94B	-3.22B	-3.36B	-3.01B	-3.43B
Financing Cash Flow	525.00M	1.72B	211.45M	856.77M	413.76M	815.53M

Equinix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 754.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQIX, the sentiment is Negative. The current price of 754.68 is below the 20-day moving average (MA) of 802.22, below the 50-day MA of 797.81, and below the 200-day MA of 815.02, indicating a bearish trend. The MACD of -12.29 indicates Positive momentum. The RSI at 32.15 is Neutral, neither overbought nor oversold. The STOCH value of 8.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EQIX.

Equinix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQIX	69 Neutral	$75.12B	70.05	7.72%	2.49%	5.36%	-1.68%
SBAC	67 Neutral	$20.89B	24.69	―	2.28%	4.82%	25.24%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AMT	65 Neutral	$84.50B	28.79	77.38%	3.74%	-5.33%	163.89%
UNIT	60 Neutral	$1.42B	1.15	―	―	38.93%	952.55%
IRM	55 Neutral	$25.63B	162.15	―	3.06%	10.88%	51.13%
CCI	46 Neutral	$39.65B	―	-276.36%	5.85%	-26.56%	-369.24%

Equinix Corporate Events

Equinix Cleared by SEC After Investigation

On March 20, 2024, Equinix, Inc. received a subpoena from the SEC regarding a short seller report, followed by additional information requests. By November 19, 2025, the SEC concluded its investigation without recommending enforcement action. Similarly, a subpoena from the U.S. Attorney’s Office for the Northern District of California related to the same report is not expected to result in further action.

The most recent analyst rating on (EQIX) stock is a Buy with a $973.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.

Equinix Subsidiary Issues $1.25 Billion in Senior Notes

On November 13, 2025, Equinix Europe 2 Financing Corporation LLC, a subsidiary of Equinix, Inc., issued $1.25 billion in Senior Notes due 2030, with an interest rate of 4.600% per annum. The proceeds from this issuance are intended to fund acquisitions, development opportunities, and general corporate purposes, including refinancing existing debt. The issuance, guaranteed by Equinix, Inc., reflects the company’s strategic financial management and its focus on expanding its operations and market presence.

The most recent analyst rating on (EQIX) stock is a Buy with a $1218.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.

Equinix Appoints Rebecca Kujawa as Independent Director

On November 3, 2025, Equinix, Inc. announced the election of Rebecca Kujawa as an independent director to its Board of Directors. Kujawa, who previously served as President & CEO of NextEra Energy Resources, brings extensive experience in the energy sector, which is expected to be invaluable as Equinix plans to double its footprint in the next five years. Her expertise in energy, technology, and capital markets will support Equinix in navigating the global energy market and securing necessary power capacity for growth.

The most recent analyst rating on (EQIX) stock is a Buy with a $950.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.

Equinix Earnings Call: Robust Growth and Strategic Expansion

Equinix’s latest earnings call painted a picture of robust financial health and strategic foresight. The sentiment was overwhelmingly positive, with notable growth in revenue and profitability, alongside strategic expansion efforts and significant customer momentum. However, the company acknowledged challenges related to the timing of large-scale transactions and power constraints within the industry.

Equinix Reports Strong Q3 2025 Results

Equinix, Inc., a leader in digital infrastructure, operates data centers globally, providing interconnection and colocation services to support digital and AI workloads. In its latest earnings report, Equinix announced a strong third quarter for 2025, highlighted by record bookings and significant revenue growth. The company reported $2.316 billion in revenue, a 5% increase from the previous year, and a net income of $374 million, marking a 26% rise. Operating income also saw a 12% increase, reaching $474 million, with an operating margin of 20%. Equinix’s strategic land acquisitions across major metros aim to support over 900 megawatts of capacity, aligning with its Build Bolder strategy to double data center capacity by 2029. The company is also expanding its AI infrastructure solutions, enhancing its offerings with new AI-ready backbones and partnerships with industry leaders. Looking ahead, Equinix anticipates continued growth, with projected revenues between $9.208 and $9.328 billion for the full year 2025, reflecting a 5-7% increase over the previous year. The company remains committed to expanding its global footprint and enhancing its digital infrastructure capabilities.