Equinix, Inc. (REIT) Q3 2026 Earnings Recap

EQIX Q3 2026 Published October 30, 2026

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Equinix’s Q3 showed continued growth in recurring revenue, bookings and AFFO per share, alongside a full-year guidance increase. The stock rose 2.9% after earnings, a roughly flat reaction that suggests a measured response rather than a decisive market verdict.

Earnings Per Share Beat

$4.93 vs $4.11 est.

+20.0% surprise

Revenue Beat

2571000000 vs 2563077000 est.

+0.3% surprise

Market Reaction

Post-Earnings +2.88%

Oct 30 to Nov 6 -0.1%

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Key Takeaways

Monthly recurring revenue grew 11% on a normalized, constant-currency basis; interconnection revenue rose 10%, with Fabric up 24%.
Annualized gross bookings reached a record $533 million, up 35%; total sales activity rose 38% for a third consecutive quarter above 30%.
Normalized AFFO per share increased 12%, excluding the atNorth transaction; including atNorth, it grew 18%.
Pricing on new deals was up 12% year over year, while churn was 1.7%; management said renewal pricing was also increasing.
Q3 liquid-cooling bookings grew more than tenfold year over year, though the transcript does not provide a financial contribution or margin impact.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit EQIX on AllInvestView.

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