Companies · EQIX
Equinix, Inc.
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Latest analysis
Updated Jul 29, 2026
Equinix Q2 2026: 23% bookings surge and atNorth JV signal accelerating hyperscale demand capture and Nordic expansion
Annualized Gross Bookings hit $424 million in Q2 2026, up 23% year-over-year, the strongest demand signal in the filing and evidence that Equinix is successfully converting AI-driven inquiry into contracted revenue. The $963 million equity commitment to co-acquire atNorth — a Nordic high-density and built-to-suit provider — marks a structural shift toward purpose-built AI-era capacity in constrained European markets. Total Q2 revenue of $2.625 billion grew 16% year-over-year, with Americas adjusted EBITDA surging 38%, driven partly by $124 million of non-recurring JV services revenue that inflated the headline but also signals deepening hyperscaler partnership economics.
Tone: bullishRevenue
$9.2B
EQIX 10-K · FY 2025
Employees
13,716
Revenue FY2024
$8.7B
Founded
1998
Profile
EQIX 10-K Item 1 · Feb 11, 2026Equinix is the world's largest carrier-neutral colocation and interconnection provider, operating 280 data centers across 77 markets in 36 countries. The company serves over 10,500 customers through its IBX colocation facilities and xScale hyperscale joint ventures, generating revenue primarily from recurring colocation, interconnection, and managed infrastructure services. It operates as a REIT and derives competitive advantage from a global network effect built on more than 500,000 customer interconnections.
Read filing description ↓ Collapse description ↑
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, shortening the path to boundless connectivity anywhere in the world to enable the innovations that enrich our work, life and planet. Equinix combines a global footprint of International Business Exchange (IBX) and xScale data centers in the Americas, Asia-Pacific, and Europe, the Middle East and Africa (EMEA) regions, infrastructure and interconnection offerings, and digital ecosystems required to serve a large and diverse set of customers around the world. Equinix was incorporated on June 22, 1998 as a Delaware corporation and operates as a REIT for federal income tax purposes. Since our inception, Equinix has been a network-neutral, multi-tenant data center (MTDC) provider, where competing networks could connect and share data traffic to help scale the rapid growth of the early internet. Our data centers around the world allow our customers to bring together and interconnect the infrastructure they need to seamlessly operate their business. With Equinix, they can scale with speed and agility, accelerate the launch of new digital offerings while safeguarding data, and implement AI applications at scale to achieve business success. Our footprint consists of 280 data centers worldwide, including IBX Data Centers — carrier-neutral colocation facilities — and xScale Data Centers designed to serve the unique core workload deployment needs of a targeted group of hyperscale companies, which include the world's largest cloud service providers.
Primary products
- IBX Data Centers
- xScale Data Centers
- Private Cages
- Secure Cabinets
- Secure Cabinet Express
- Equinix Smart View
Business segments
End markets
Geographies
“Equinix has a highly differentiated offering in this large and growing market. Our global platform reaches 36 countries and connects the industry's largest and most active ecosystem of partners across our sites, including access to a leading share of cloud on-ramps and an increasingly diverse ecosystem of networks and cloud and IT service providers.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues grew from $8,748 million in 2024 to $9,217 million in 2025, driven by growth across colocation and interconnection revenues in all three geographic segments.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.