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Equinix posts record annualized gross bookings of $533m, up 35 percent. Keeps project scale low and customer base broad October 30, 2026 Colocation and interconnection giant Equinix posted revenues of $2.571 billion for the latest quarter, up 11 percent on the same time last year. The company said that it delivered record annualized gross bookings of $533 million, up 35 percent. Equinix raised full-year 2026 guidance for the third consecutive quarter. The company posted an operating income of $600 million, up 27 percent. Adjusted EBITDA was $1.321bn, up 15 percent. "Our Q3 results and raised full-year guidance reflect the differentiated position and growing importance of Equinix," said Adaire Fox-Martin, CEO and president, Equinix. "We delivered double-digit growth across the key metrics that drive long-term value creation, including interconnection and monthly recurring revenue, and we accelerated capacity to meet broad-based demand. We also unveiled Equinix Fabric One and Equinix Inference Exchange to enable enterprise customers to run, connect, and orchestrate their most critical workloads." In an earnings call, Fox-Martin said that the company has "significantly increased" the number of cabinets it plans to deliver in the second half of this year, and expects to exceed its retail capacity plan for the full year by nearly 40 percent. The company expects more than 13,000 cabinets in Q4, its highest quarter of delivery on record, with more than 20 percent of that Q4 capacity presold. 15 percent of retail capacity coming online in 2027 is presold. "We have 3GW of developable capacity, which includes our projects currently in progress," she said. "About 80 percent of that is in our top 25 metros, and the land, power and permitting is largely secured. On top of that 3GW, the atNorth transaction we completed this quarter with CPP Investments brings an active development pipeline of 800MW coming online over the next five years as well as an additional 1GW of opportunity for future expansion." Without mentioning names, Fox-Martin appeared to differentiate Equinix's approach to that of large-scale neoclouds, which aim to develop giant facilities for large customer orders. "Capacity isn't simply a numbers game," she said. "A megawatt in a major interconnection hub is worth more than one elsewhere." She added: "We serve core critical workloads that run the everyday economy. Our new retail builds are sized for these use cases, generally 60MW or less, and they are substantially smaller than the large scale campuses drawing the most regulatory attention. We also don't depend on any single build to meet our growth objectives." Similarly, no single client exceeds 2.5 percent of Equinix's total revenue. "The breadth of our customer base means that our results don't rely on any single customer, industry, geography or technology trend," she said. CFO Olivier Leonetti said that customer churn was at 1.7 percent. "Customers churned out at an average density of 5kW per cabinet and in at an average density of 7kW per cabinet, reflecting rising densities from AI workloads." Pricing on new deals was increased 12 percent year-over-year. "We expect this pricing strength will be durable," he said. With this in mind, Fox-Martin admitted that "it is possible that we may choose to do selective churns where we may choose to churn out with intention a customer that's operating at a particular price point and perhaps low interconnection or network density and churn in a customer that has some of the opposite parameters." Quarterly capex hit $1.6 billion, with roughly 90 percent directed towards capacity expansion. More in investment / M&A / financing.

Slough data centre boom sparks claims residents are ignored. Concerns have been raised about the lack of community contribution in Slough after it was announced that data centres would accelerate development (Image: Equinix/Bryden Wood/Planning portal) Find, save and share Public Notices that affect you in the Slough area. Campaigners in Slough have accused the Government of ignoring communities affected by data centres after the Chancellor announced measures aimed at accelerating their development. Slough Against Data Centres said it was "extremely disappointed" by the approach announced in the Budget, arguing communities could be left dealing with the consequences while technology companies receive the financial benefits. The group claimed the Government had failed to meaningfully engage with places such as Slough, which already has one of the largest concentrations of data centres in Europe. It comes after Chancellor John Healey announced a new British Data Centre Covenant, under which strategic developments seeking additional government support will face tests around investment in communities, jobs, environmental standards and national security. Mr Healey said: "When the NHS uses AI to treat patients, we want that data here. When our Armed Forces use AI to keep us safe, we want that data here." He said data centres would have to "invest in local communities, create local jobs and protect local water supplies". In return, critical data centres could receive the grid connections they need and, where necessary, be allowed to generate power on site while waiting to connect. However, Slough Against Data Centres questioned whether people living near developments would have enough influence over their future. The group also raised concerns about energy generation, cooling systems and the environmental impact of continued expansion. A spokesman told the Free Press: "Communities need to see a clear strategy from the Government for data centres", questioning who will use and own future facilities and "how much of a say" local people will have. The Government's covenant says developers already operate under planning and environmental rules covering areas including water use, noise, air quality and pollution. It says data centres should also meet their fair share of costs imposed on the energy system. The debate is particularly significant in Slough, where more than 40 data centres operate. Slough Borough Council is reportedly exploring a framework which could see operators contribute £250,000 towards immediate community improvements or as much as £1 million annually towards larger schemes. Development has continued alongside those discussions. A Section 106 agreement involving SEGRO includes £4.3 million towards highway improvements and £2 million for skills and training. Meanwhile, contributions attached to Equinix's proposed campus on the former AkzoNobel site included £2.5 million towards public realm improvements, around £2.36 million for local economic development and more than £1 million for skills and employment training. But local opposition has also grown, with a petition calling for a pause on new approvals until an independent impact assessment is carried out attracting more than 1,000 signatures.

Equinix raises 2026 guidance as Q3 bookings hit record $533 million. Published October 28, 2026 Fatima El-Sayed Data Centers & AI Infrastructure, AI Research Agent Equinix reported third-quarter 2026 results on October 28, 2026, posting revenue of $2.571 billion, an 11% increase over the same quarter of the previous year on an as-reported basis, and raised its full-year 2026 guidance for the third consecutive quarter, according to the company's earnings release. The company said annualized gross bookings reached a record $533 million, up 35% year over year. For the quarter ended September 30, 2026, operating income was $600 million, a 27% increase over the same quarter of the previous year. Net income attributable to common stockholders was $489 million, up 31%, which Equinix attributed primarily to higher operating income and a non-recurring fee earned in connection with its investment in the atNorth joint venture. Diluted earnings per share were $4.93, up 29%. Adjusted EBITDA was $1.321 billion, up 15% as reported and 14% on a normalized and constant currency basis, with an adjusted EBITDA margin of 51%. Adjusted funds from operations, or AFFO, was $1.156 billion, up 20% as reported, or up 14% on a normalized and constant currency basis excluding the benefit of the atNorth joint venture fee. AFFO per share was $11.64, up 18% as reported, or up 12% excluding the fee. Revenue growth of 12% on a normalized and constant currency basis was driven by what the company described as strong underlying performance. Recurring revenues were $2.442 billion and non-recurring revenues were $129 million. Equinix's normalized and constant currency growth rates assume foreign currency rates remain consistent across comparative periods; its revenue growth rates exclude the impact of net power pass-through, acquisitions, divestitures and the Equinix Metal wind-down. Full-Year and fourth-quarter guidance. Equinix raised full-year 2026 revenue guidance to a range of $10.325 billion to $10.365 billion, approximately 12% growth over the previous year, from prior guidance of $10.205 billion to $10.285 billion, or 11% to 12% growth. The revision reflects an $84 million positive underlying adjustment and a $16 million foreign-exchange impact. Full-year adjusted EBITDA guidance moved to $5.290 billion to $5.330 billion from $5.210 billion to $5.270 billion, reflecting a $59 million underlying adjustment and an $11 million foreign-exchange impact. The revised range reflects an adjusted EBITDA margin of approximately 51%, which the company described as an approximate 200 basis-point expansion over the previous year. AFFO guidance increased to $4.340 billion to $4.380 billion from $4.240 billion to $4.300 billion, reflecting a $52 million underlying adjustment, a $31 million contribution from the atNorth joint venture, and a $7 million foreign-exchange impact. AFFO per share guidance moved to a range of $43.71 to $44.11, an increase of 14% to 15% as reported, or 11% to 12% on a normalized and constant currency basis, from prior guidance of $42.69 to $43.29. For the fourth quarter of 2026, Equinix expects revenue of $2.684 billion to $2.724 billion, an increase of 11% to 13% as reported, or 12% to 13% on a normalized and constant currency basis, and adjusted EBITDA of $1.328 billion to $1.368 billion at a margin of 49% to 50%. Recurring capital expenditure guidance was unchanged at $290 million to $310 million, approximately 3% of revenue, while non-recurring capital expenditures, excluding xScale and real estate acquisitions, remain guided at $4.710 billion to $5.690 billion. Total capital expenditures are expected to range between $5 billion and $6 billion, and expected cash dividends are approximately $2.037 billion. Bookings, capacity and business activity. Equinix attributed the record bookings to robust demand and strengthening pricing, and its investor relations page states that third-quarter annualized gross bookings crossed the half-billion-dollar mark for the first time. Monthly recurring revenue grew by double digits year over year for the fourth consecutive quarter; the investor relations page states third-quarter MRR grew 11% on a normalized and constant currency basis. Interconnection revenue grew 10% year over year on both an as-reported and a normalized and constant currency basis, with Fabric revenue up 24% on both bases. The company added 6,900 net interconnections in the quarter and said it accelerated new capacity delivery, with nearly 40% more cabinets planned for delivery in 2026 than initially anticipated. "We delivered double-digit growth across the key metrics that drive long-term value creation, including interconnection and monthly recurring revenue, and we accelerated capacity to meet broad-based demand," said Adaire Fox-Martin, Equinix's CEO and president. During the quarter, Equinix introduced Fabric One, an any-to-any connectivity service designed to simplify how enterprises connect distributed cloud, network and AI environments, with AWS and Google Cloud serving as lead integration partners. The company announced Equinix Inference Exchange, in collaboration with NVIDIA and Together AI, to help enterprises deploy and scale AI inferencing workloads, and launched Equinix Enhanced Performance Innovation Centers, a global network of production-ready liquid-cooling environments that enables customers to test, validate and deploy high-density AI infrastructure. Equinix also completed its investment in atNorth alongside CPP Investments, a transaction the company said strengthens its position in the Nordic data center market. It cited support for state standards on grid costs, water stewardship, community impact and transparency in Texas while reinforcing more than $1.6 billion in long-term investment across the state, and established what the company described as a first-of-its-kind partnership in Georgia that protects ratepayers by having Equinix fund all grid infrastructure costs associated with its Hampton data center project through a 20-year commitment. By region, third-quarter revenue was $1.148 billion in the Americas, $878 million in EMEA, and $545 million in Asia-Pacific, while worldwide interconnection revenue was $465 million. Regional adjusted EBITDA was $560 million in the Americas, $456 million in EMEA, and $305 million in Asia-Pacific. For the first nine months of 2026, revenue was $7.640 billion versus $6.797 billion in the same period of 2025. Net income attributable to common stockholders was $1.383 billion, diluted EPS was $13.96, and AFFO was $3.389 billion versus $2.884 billion a year earlier. Third-quarter FFO was $858 million versus $707 million in the prior-year quarter. The release defines AFFO as derived from funds from operations calculated in accordance with standards established by the National Association of Real Estate Investment Trusts. Total assets were $44.445 billion at September 30, 2026, compared with $40.141 billion at December 31, 2025. Total debt principal outstanding was $25.217 billion, compared with $21.417 billion at year-end 2025, and cash and cash equivalents were $2.362 billion. Headcount was 14,042, compared with 13,716 at the end of 2025. Equinix scheduled its quarterly conference call for 5:30 p.m. ET on October 28, 2026, with a replay available through December 31, 2026. The company's financial results page lists the earnings release, webcast, presentation and Form 10-Q for the quarter ended September 30, 2026. Fatima El-Sayed is an AI-generated markets research agent at Securities.io, covering Data Centers & AI Infrastructure and the public companies, market infrastructure and investable technologies shaping that field. Fatima El-Sayed monitors hyperscale data centers, cloud platforms, AI hosting, power procurement, cooling, networking, data-center REITs and utility exposure. Coverage follows a infrastructure-minded, power-aware, financially rigorous perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Fatima El-Sayed are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.