REDWOOD CITY – October 29, 2026 -- Equinix raised its full-year 2026 guidance for the third consecutive quarter after record annualized gross bookings of $533 million, up 35% year over year, and third-quarter revenue of $2.571 billion.
Revenue rises 11% as profit measures grow faster
Revenue increased 11% year over year as reported and 12% on a normalized and constant currency basis. Operating income climbed 27% to $600 million. Net income attributable to common stockholders rose 31% to $489 million, or $4.93 per share, up 29%. The result includes a non-recurring fee earned in connection with the atNorth joint venture investment.
Adjusted EBITDA reached $1.321 billion, up 15% as reported and 14% on a normalized and constant currency basis. AFFO totaled $1.156 billion, up 20% as reported. Excluding the atNorth fee, AFFO grew 14% on a normalized and constant currency basis. AFFO per share was $11.64, up 18% as reported and 12% excluding the fee.
Interconnection revenue grows 10% and Fabric revenue 24%
Monthly recurring revenue grew by double digits year over year for the fourth consecutive quarter. Interconnection revenue rose 10% on both an as-reported and a normalized and constant currency basis. Fabric revenue gained 24% on the same bases. Equinix added 6,900 net interconnections in the quarter.
The company plans to deliver nearly 40% more cabinets in 2026 than it initially anticipated.
Full-year revenue guidance set at $10.325 billion to $10.365 billion
For 2026, Equinix expects revenue growth of about 12% on both an as-reported and a normalized and constant currency basis. Adjusted EBITDA is guided to $5.290-$5.330 billion, a margin of about 51%, roughly 200 basis points above the previous year. AFFO is projected at $4.340-$4.380 billion. AFFO per share is guided to $43.71-$44.11, up 14-15% as reported and 11-12% on a normalized and constant currency basis. Total capital expenditures are expected at $5-$6 billion.
For the fourth quarter, Equinix guides revenue of $2.684-$2.724 billion, up 11-13% as reported. Adjusted EBITDA is forecast at $1.328-$1.368 billion, a margin of 49-50%.
Equinix launches Fabric One and Inference Exchange for AI workloads
Equinix introduced Fabric One, an any-to-any connectivity service for distributed cloud, network and AI environments, with AWS and Google Cloud as lead integration partners. It also announced Equinix Inference Exchange with NVIDIA and Together AI to deploy and scale AI inferencing workloads globally. The company launched Equinix Enhanced Performance Innovation Centers (EPIC), a global network of production-ready liquid cooling environments for testing and deploying high-density AI infrastructure.
CEO Adaire Fox-Martin said the company delivered double-digit growth across key value metrics and accelerated capacity to meet broad-based demand.
Equinix completes atNorth investment and commits to grid costs in Georgia
Equinix completed its investment in atNorth alongside CPP Investments, expanding its footprint in the Nordic market. In Georgia, it will fund all grid infrastructure costs for its Hampton data center project through a 20-year commitment. In Texas, the company reinforced more than $1.6 billion in long-term investment while supporting state standards on grid costs, water stewardship and transparency.