Equinix Q4 Revenue Climbs 7% to $2.42B as FFO Misses $9.07 Estimate
Equinix posted Q4 revenue of $2.42 billion, up 7% y/y but 1.96% below estimates, and FFO per share of $8.91 missed the $9.07 consensus. Cabinet capacity AMER 157,100 vs. 154,467 est.; EMEA 140,800 vs. 139,883 est. beat forecasts, AMER utilization dipped to 79%, while recurring revenues rose 9.7% y/y to $2.29 billion.
1. Q4 Financial Highlights
Equinix posted Q4 revenue of $2.42 billion, a 7% increase from the prior year, but 1.96% below consensus; FFO per share was $8.91, missing the $9.07 estimate.
2. Capacity and Utilization
Cabinet capacity in the Americas reached 157,100 units versus a 154,467-unit estimate, while EMEA capacity hit 140,800 units compared to 139,883 expected; American data center utilization declined to 79% against an 80.9% forecast.
3. Revenue Composition
Recurring revenues rose 9.7% year-over-year to $2.29 billion, outpacing the $2.28 billion estimate, while non-recurring revenues fell 25.9% y/y to $126 million, reflecting project timing and sales dynamics.