Equinix Q2 revenue rises 16%, beats estimates; lifts 2026 outlook
EQIX•Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the specialized REITs peer group is "buy".
Wall Street's median 12-month price target for Equinix Inc is $1,210.00, about 16.9% above its July 28 closing price of $1,034.86.
The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 57 three months ago.
Demand and bookings drive growth
- Recurring revenue growth - Monthly recurring revenue grew 11% yr/yr, reflecting broad-based demand.
- Gross bookings and backlog - Annualized gross bookings grew 23% yr/yr, contributing to a record backlog.
- xScale fees - One-time xScale fees contributed to revenue and profit growth.
Quarterly results beat estimates
Equinix Q2 revenue rose 16% yr/yr, beating analyst expectations.
Net income for Q2 increased 30% yr/yr, also beating analyst estimates.
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
