Zacks Investment Research·5 days ago
Equinix (EQIX) Could Be a Great ChoiceDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Equinix (EQIX) have what it takes?
Equinix, Inc.(EQIX)Earnings, Financials & Key Ratios
EQIX•NASDAQ•REIT / Real Estate
$1022.93
74.3× P/E·Price updated Jul 7, 2026
AboutEquinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.Show more
- Revenue$9.26B+5.9%
- FFO$3.42B+21.0%
- FFO/Share34.81+18.1%
- FFO Payout54.33%-6.6%
- FFO per Share34.81+18.1%
- NOI Margin51.32%+4.9%
- FFO Margin36.89%+14.3%
- ROE9.74%+55.7%
- ROA3.59%+49.2%
EQIX Price & Volume
Equinix, Inc. (EQIX) stock price & volume — 10-year historical chart
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Interconnection Growth Masks Persistent Capital Expenditure Intensity
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Strong
Financial:Strained
Cash Flow:Mixed
Primary Risk:Capital Expenditure Intensity
Key Thesis Takeaways
- Equinix demonstrates accelerating revenue growth of 9.8% as of 2026Q1, driven by its dominant global interconnection moat, yet this expansion is increasingly funded by debt, pushing the debt-to-equity ratio to 1.63.
- While FFO per share has climbed to $9.71, the persistent divergence into negative AFFO territory—highlighted by a $297 million shortfall in 2026Q1—suggests that aggressive capital reinvestment may be masking underlying cash flow sustainability.
- Investors should monitor whether the $1.3 billion in quarterly capital expenditures represents necessary maintenance or expansionary growth, as the current disconnect between accounting earnings and actual cash generation warrants caution.
Verdict Logic
while FFO per share grew 16.7% year-over-year, the persistent negative AFFO of $297 million in 2026Q1 suggests that dividend coverage and cash flow quality remain structurally challenged.
EQIX Growth Metrics
Equinix, Inc. (EQIX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.01%
5 Years9.07%
3 Years8.43%
TTM6.92%
Profit CAGR
10 Years21.81%
5 Years29.56%
3 Years24.22%
TTM53.4%
EPS CAGR
10 Years15.67%
5 Years26.91%
3 Years21.51%
TTM50.21%
Return on Capital
10 Years5.08%
5 Years4.69%
3 Years4.92%
Last Year5.44%
EQIX Recent Earnings
Equinix, Inc. (EQIX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$4.22-1.9%
$4.30
Rev
$2.4B-2.8%
$2.5B
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$2.70-27.2%
$3.71
Rev
$2.4B-1.6%
$2.5B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$9.83+6.2%
$9.26
Rev
$2.3B-5.8%
$2.5B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$9.91+7.8%
$9.19
Rev
$2.3B-0.1%
$2.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $4.22vs $4.30-1.9% | $2.4Bvs $2.5B-2.8% |
| Q1 2026 | Feb 11, 2026 | $2.70vs $3.71-27.2% | $2.4Bvs $2.5B-1.6% |
| Q4 2025 | Oct 29, 2025 | $9.83vs $9.26+6.2% | $2.3Bvs $2.5B-5.8% |
| Q3 2025 | Jul 30, 2025 | $9.91vs $9.19+7.8% | $2.3Bvs $2.3B-0.1% |
Based on last 12 quarters of dataView full earnings history →
Latest EQIX News
Recent stock market news and headlines for Equinix, Inc. (EQIX)
The Motley Fool·5 days ago
Is Equinix the AI Infrastructure Stock Investors Are Missing Out On?Equinix (EQIX 0.54%) may look like a data-center REIT, but the real story could be its interconnection moat. As enterprise AI moves from experiments into production, companies may need secure physical locations to connect data, clouds, networks, and AI models.
PRNewsWire·6 days ago
MEDIA ALERT: Equinix Sets Conference Call for Second-Quarter ResultsREDWOOD CITY, Calif., July 1, 2026 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that it will hold its quarterly conference call on Wednesday, July 29, 2026, at 5:30 p.m.
Zacks Investment Research·Jun 30, 2026
Equinix (EQIX) Stock Dips While Market Gains: Key FactsThe latest trading day saw Equinix (EQIX) settling at $1, representing a -3.94% change from its previous close.
GuruFocus·Jun 30, 2026
Equinix Inc (EQIX) Shares Fall 3.9% -- GF Value Says Still OvervaluedOn June 30, 2026, Equinix Inc (EQIX) shares fell 3.9% today, bringing the current price to $1042.39. The stock has traded within a 52-week range of $720.62 to $
Peers Comparison
Key metrics vs top competitors for Equinix, Inc. (EQIX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1022.93 | $100.89B | 74.34 | 5.85% | 14.58% | 9.74% | 1.85% | |
| $174.90 | $61.46B | 48.85 | 10.04% | 21.47% | 5.51% | — | |
| $165.25 | $76.99B | 30.66 | 5.11% | 26.6% | 27.44% | — | |
| $77.22 | $33.7B | 75.71 | -35.06% | 25.13% | — | — | |
| $183.23 | $19.43B | 18.70 | 5.06% | 35.66% | — | — | |
| $115.75 | $34.43B | 236.22 | 12.22% | 3.76% | — | — |
Compare EQIX vs Peers
Equinix, Inc. (EQIX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EQIX SEC Filings & Documents
Equinix, Inc. (EQIX) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Mar 10, 2026·SEC
Material company update
Mar 5, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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EQIX Frequently Asked Questions
Equinix, Inc. (EQIX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Equinix, Inc.'s revenue?
Equinix, Inc. (EQIX) reported $9.46B in revenue for fiscal year 2025. This represents a 25493161% increase from $0.0M in 1999.
How fast is Equinix, Inc. growing?
Equinix, Inc. (EQIX) grew revenue by 5.9% over the past year. This is steady growth.
Is EQIX profitable?
Yes, Equinix, Inc. (EQIX) is profitable, generating $1.42B in net income for fiscal year 2025 (14.6% net margin).
Dividend & Returns
Does EQIX pay dividends?
Yes, Equinix, Inc. (EQIX) pays a dividend with a yield of 1.85%. This makes it attractive for income-focused investors.
What is EQIX's return on equity?
Equinix, Inc. (EQIX) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
Industry Metrics
What is Equinix, Inc.'s FFO?
Equinix, Inc. (EQIX) generated Funds From Operations (FFO) of $3.55B in the trailing twelve months. FFO is the primary profitability metric for REITs.