Core Insights - Equinix reported $2.23 billion in revenue for Q1 2025, a year-over-year increase of 4.6%, with an EPS of $9.67 compared to $2.43 a year ago, exceeding both revenue and EPS consensus estimates [1] - The company achieved a revenue surprise of +0.42% and an EPS surprise of +7.92% compared to analyst expectations [1] Financial Performance - Equinix's shares returned +4.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3] Capacity and Revenue Metrics - Cabinet Equivalent Capacity in the Americas was 144,100, slightly below the estimated 145,538 [4] - EMEA's Cabinet Equivalent Capacity was 138,300, compared to an estimate of 139,375 [4] - Asia-Pacific's Cabinet Equivalent Capacity was 89,400, against an estimate of 90,538 [4] - Worldwide Cabinet Equivalent Capacity totaled 371,800, below the average estimate of 375,450 [4] Geographic Revenue Breakdown - Asia-Pacific revenue was $481 million, below the average estimate of $490.44 million [4] - Americas revenue reached $1 billion, exceeding the average estimate of $982.55 million [4] - EMEA revenue was $743 million, slightly below the estimate of $744.53 million [4] - Europe-Recurring-Other revenue was $27 million, above the average estimate of $25.10 million [4] Recurring and Non-Recurring Revenue - Recurring revenues totaled $2.09 billion, matching the five-analyst average estimate [4] - Non-recurring revenues were $138 million, surpassing the average estimate of $128.50 million [4] - Managed infrastructure recurring revenues were $115 million, slightly below the estimate of $117.30 million [4] - Interconnection recurring revenues were $393 million, just below the average estimate of $394.64 million [4]

Equinix (EQIX) came out with quarterly funds from operations (FFO) of $9.67 per share, beating the Zacks Consensus Estimate of $8.96 per share. This compares to FFO of $8.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 7.92%. A quarter ago, it was expected that this data center operator would post FFO of $8.09 per share when it actually produced FFO of $7.92, delivering a surprise of -2.10%.Over the last four quarters, the compa ...

Financial Data and Key Metrics Changes - In Q1 2025, Equinix reported revenues of $2.2 billion, an 8% year-over-year increase, excluding the impact of Power Pass Through [8][24] - Adjusted EBITDA margins increased to 48% of revenues, and AFFO per share rose by 9% year-over-year, both exceeding expectations due to strong operating performance and lower utility costs [10][25] - Global Q1 AFFO was $947 million, up 13% year-over-year, significantly above expectations [25] Business Line Data and Key Metrics Changes - Strong recurring revenue growth was noted, driven by the impact of bookings from the second half of 2024 [8] - Interconnection revenues grew by 9% year-over-year, with over 486,000 total interconnections deployed [17] - The Secure Cabinet Express product saw a nearly 300% increase year-over-year, accounting for one-third of all new cabinet sales in Q1 [16] Market Data and Key Metrics Changes - Recurring revenues grew fastest in the APAC region at 8%, followed by The Americas and EMEA regions at 7% [28] - The Americas region delivered its best gross and net bookings performance to date, with strong demand from financial services and AI-oriented customers [28] - EMEA experienced solid gross booking performance but was impacted by anticipated churn [28] Company Strategy and Development Direction - Equinix is focusing on three strategic moves: serving customers better, solving smarter, and building bolder [15] - The company is shifting its strategy to build fewer, larger IBXs, with 56 major projects underway across 33 metros in 24 countries [18] - The company is closely monitoring the macroeconomic environment while maintaining confidence in the demand for digital infrastructure [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for digital infrastructure persisting through varying business cycles and economic policies [21] - The company is committed to delivering value to customers and stakeholders, focusing on innovation and operational excellence [37] - Management noted that customer demand remains strong, with no significant shifts observed in April [44] Other Important Information - The company raised its guidance for revenues, adjusted EBITDA, and AFFO for 2025 based on strong Q1 performance [34] - Capital expenditures for 2025 are expected to range between $3.4 billion and $3.7 billion, reflecting newly approved projects and higher FX rates [35] Q&A Session Summary Question: What is driving the improvements in sales cycles? - Management noted that strong Q1 performance and improved deal conversion contributed to shorter sales cycles, with no significant shifts in demand observed in April [44][46] Question: What are the expectations for recurring revenue growth in the second half of the year? - Management indicated that strong bookings momentum from Q1 and Q2 will support recurring revenue growth in the second half of 2025, despite challenges in EMEA due to churn [55][56] Question: Can you provide an update on the U.S. XScale joint venture? - Management confirmed a strong pipeline for XScale opportunities, with ongoing projects and a positive demand profile despite some challenges in the market [66][68]

Financial Data and Key Metrics Changes - In Q1, the company reported revenues of $2.2 billion, an 8% year-over-year increase, excluding the impact of Power Pass Through [9][26] - Adjusted EBITDA margins increased to 48% of revenues, and AFFO per share rose by 9% year-over-year, both exceeding expectations due to strong operating performance and lower utility costs [10][27] - Global Q1 AFFO was $947 million, up 13% year-over-year, well above expectations [27] Business Line Data and Key Metrics Changes - The company experienced strong recurring revenue growth, driven by bookings from the second half of 2024, although this was partially offset by lower ex-scale leasing and fit-out fees [9][10] - Interconnection revenues grew by 9% year-over-year, with over 486,000 total interconnections deployed [18] - The Secure Cabinet Express product saw a nearly 300% increase year-over-year, accounting for one-third of all new cabinet sales in Q1 [17] Market Data and Key Metrics Changes - Recurring revenues grew fastest in the APAC region at 8%, followed by The Americas and EMEA regions at 7% [30] - The Americas region delivered its best gross and net bookings performance to date, with strong demand from financial services and AI-oriented customers [30] - EMEA faced challenges due to anticipated churn and an unanticipated bankruptcy, impacting cabinet billing [58] Company Strategy and Development Direction - The company is focusing on three strategic moves: serving customers better, solving smarter, and building bolder [15] - The strategy includes building fewer but larger IBXs, with 56 major projects underway across 33 metros in 24 countries [19] - The company is closely monitoring the macroeconomic environment while maintaining confidence in the demand for digital infrastructure [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for digital infrastructure persisting through varying business cycles, despite economic uncertainties [22] - The company is committed to delivering value to customers and stakeholders, focusing on innovation and operational excellence [40] - Management noted that customer demand remains strong, with no significant shifts observed in April [46] Other Important Information - The company welcomed Harmine Mehta as the new Chief Digital and Innovation Officer, expected to enhance customer service and operational efficiency [8] - The company raised its guidance for revenues, adjusted EBITDA, and AFFO for 2025 based on strong Q1 performance [36][37] Q&A Session Summary Question: What is driving the improvements in sales cycles? - Management noted that strong Q1 performance and a healthy pipeline contributed to reduced deal cycle times, with median cycle times for small deals reduced by over 20% [49][50] Question: What are the expectations for recurring revenue growth in the second half of the year? - Management indicated that strong bookings momentum from Q1 and Q2 would support a step-up in recurring revenue in the second half of the year [56][57] Question: Can you provide an update on the U.S. XScale joint venture? - Management confirmed a strong pipeline for XScale opportunities and ongoing progress in the Hampton location, with demand remaining robust [68][71] Question: How does the company view pricing and supply constraints? - Management stated that firm pricing was observed in Q1, with opportunities to command premium pricing due to supply dynamics [98]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40205 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 EQUINIX, INC. (Exact name of registrant as specified in its charter) Delaware 77-0487526 (State of incorporation) (I.R.S. Employer Id ...

Equinix Investor Relations Contacts: Equinix Media Contacts: invest@equinix.com press@equinix.com FOR IMMEDIATE RELEASE EQUINIX REPORTS FIRST-QUARTER 2025 RESULTS Strong Start to 2025 as Company Exceeds Expectations Across Key Financial Metrics with Continued Positive Outlook for Increases in Recurring Revenue and Margin Expansion for the Year REDWOOD CITY, Calif. - April 30, 2025 - Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company , today reported results for the quarter ended March ...

Q1 2025 Earnings Conference Call NASDAQ: EQIX Presented on April 30, 2025 © 2025 Equinix, Inc. Public Disclosure Statement Forward-Looking Statements Except for historical information, this presentation contains forward-looking statements which include words such as "believe," "anticipate," and "expect." These forward-looking statements involve risks and uncertainties that may cause Equinix's actual results to differ materially from the expectations discussed in such forward-looking statements. Factors that ...

Core Insights - Equinix reported strong financial performance for Q1 2025, with revenues of $2.225 billion, a 5% increase year-over-year, and an 8% increase on a normalized and constant currency basis [5][6] - The company raised its annual guidance for key financial metrics due to robust demand for digital infrastructure and favorable foreign exchange rates [4][12] - Equinix's strategy focuses on enhancing customer service and innovating solutions for AI, cloud, and digital strategies, which is expected to unlock significant value [2][10] Financial Performance - Quarterly revenues reached $2.225 billion, reflecting a 5% increase from the same quarter last year, or an 8% increase on a normalized basis [5][6] - Operating income was $458 million, a 26% increase year-over-year, driven by strong operational performance [6] - Net income attributable to common stockholders was $343 million, a 48% increase from the previous year, resulting in earnings per share of $3.50, a 44% increase [6][34] - Adjusted EBITDA was $1.067 billion, with an adjusted EBITDA margin of 48%, marking an 8% increase year-over-year [6] Annual Guidance - For 2025, total revenues are expected to range between $9.175 billion and $9.275 billion, representing a 5-6% increase year-over-year [12] - Adjusted EBITDA is projected to be between $4.471 billion and $4.551 billion, with an adjusted EBITDA margin of approximately 49% [12] - AFFO is anticipated to range from $3.675 billion to $3.755 billion, indicating a 9-12% increase over the previous year [12] Business Highlights - Equinix is expanding its global data center footprint with 56 major projects underway in 33 metros across 24 countries, including 12 xScale projects [10] - The company has partnered with NVIDIA to offer advanced AI infrastructure solutions, enhancing its service offerings in the AI and cloud sectors [10] - Equinix's interconnection services saw a revenue increase of 7% year-over-year, driven by strong adoption of its Fabric Cloud Router service [10] Sustainability Initiatives - Equinix issued S$500 million in green bonds, marking its commitment to sustainability and operational efficiency [10] - The company signed its first renewable energy power purchase agreement in Japan, securing 30 MW of renewable electricity capacity scheduled to commence in 2028 [10]

The first-quarter earnings season is in progress, and investors can be lured by the profits of companies that have already released their quarterly figures. However, instead of buying those stocks, positioning your portfolio with stocks likely to surpass estimates can lead to better returns. An earnings beat often acts as a catalyst, boosting investor confidence and driving the stock price higher.This is likely to be reflected in the earnings releases of Welltower Inc. (WELL) , Equinix, Inc. (EQIX) , Equity ...

Equinix, Inc. (EQIX) is scheduled to report first-quarter 2025 results on April 30, after market close. The company’s quarterly results are likely to reflect year-over-year growth in revenues and adjusted funds from operations (AFFO) per share.In the previous quarter, this Redwood City, CA-based data center real estate investment trust (REIT) reported an AFFO of $7.92 per share, missing the Zacks Consensus Estimate of $8.11 per share. Its quarterly results reflected higher non-recurring charges, undermining ...