Equinix Q1 Revenue Rises 10% to $2.444B with Record 51% EBITDA Margin
Equinix posted Q1 revenue of $2.444 billion, up 10% year over year, with operating income of $577 million (+26%), net income of $415 million (+21%) and adjusted EBITDA of $1.245 billion at a record 51% margin. The company raised full-year revenue guidance to $10.144–10.244 billion and AFFO per share to $42.31–43.11.
1. First-Quarter Results
Equinix delivered first-quarter revenue of $2.444 billion, a 10% increase year over year, alongside operating income of $577 million (up 26%) and net income of $415 million (up 21%).
2. Record Adjusted EBITDA Margin
Adjusted EBITDA reached $1.245 billion, a 17% increase year over year, driving a record 51% margin as robust customer demand and cost efficiencies bolstered profitability.
3. Full-Year Guidance Raised
The company boosted its 2026 revenue guidance to $10.144–10.244 billion and raised AFFO per share expectations to $42.31–43.11, reflecting stronger-than-expected Q1 results and modest foreign exchange benefits.