Equinix Q4 Bookings Jump 42% as AI Drives 60% of Deals, Dividend Up 10%
Equinix shares fell 17% in 2025 but are up 25% in 2026 after Q4 annualized bookings rose 42% with AI deployments driving 60% of its biggest deals. The REIT boosted its dividend by 10% to a 2.2% yield and plans annual increases of at least 8% over five years.
1. Stock Performance and Bookings Surge
Equinix ended 2025 with a 17% total return decline but has rebounded with a 25% gain year-to-date in 2026. The turnaround followed fourth-quarter results showing annualized bookings climbed 42%.
2. AI-Driven Deal Growth
AI deployments accounted for 60% of Equinix's largest deals in the fourth quarter, underscoring the data center REIT’s expanding role in supporting artificial intelligence infrastructure. This trend highlights AI as a key driver of new business.
3. Dividend Increase and Future Guidance
The company raised its quarterly dividend by 10%, lifting the indicated yield to approximately 2.2%, with the next payment set for March 18 to shareholders of record as of February 25. At Investor Day, Equinix committed to annual dividend increases of at least 8% over the next five years.