Equinix Posts $2.44 Billion in Q1 Revenue and Lifts Full-Year Outlook on AI Demand
Equinix
reported a 10% rise in first-quarter revenue to $2.44 billion and lifted its
2026 guidance, with the data center operator citing record bookings and
accelerating demand from AI customers as the backbone of the result.
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APAC brokers you know (and those you still don’t!)
The Redwood
City-based REIT, which runs colocation facilities widely used by exchanges,
market makers and interdealer brokers, posted net income of $415 million for
the quarter ended March 31, up 21% year over year.
Operating
income climbed 26% to $577 million, and adjusted EBITDA rose 17% to $1.245
billion, with margin reaching 51%, the company said.
Annualized
gross bookings hit $378 million, presales reached a record $140 million, and
AFFO crossed the $1 billion mark for the first time, at $10.79 per share.
The print
landed during a busy week for first-quarter earnings across firms that rely on
Equinix-style colocation, including New York market maker Virtu Financial, which nearly
doubled its first-quarter net income to $346.6 million on a 34% jump in trading income.
Q1 2026 Key Performance Indicators
|
Metric |
Q1 2026 |
Q1 2025 |
Change |
|
Revenue |
$2,444M |
$2,225M |
+9.8% |
|
Operating income |
$577M |
$458M |
+26.0% |
|
Net income |
$415M |
$343M |
+21.0% |
|
Diluted EPS |
$4.20 |
$3.50 |
+20.0% |
|
Adjusted EBITDA |
$1,245M |
$1,067M |
+16.7% |
AI Workloads Now Drive
Most Large Deals
About 60%
of Equinix’s largest deals during the quarter were tied to AI, the company
said, with eight of the ten largest AI model providers and four of the top five
so-called neoclouds expanding their footprints with the operator.
Equinix
also rolled out Fabric Intelligence, which it said embeds AI directly into its
network to optimize performance, and a Distributed AI Hub for connecting
customers to GPU clouds, model companies and data platforms.
CEO Adaire Fox-Martin
CEO Adaire
Fox-Martin pointed to “robust customer demand for our AI, cloud and
networking solutions” as the basis for the raised 2026 outlook.
The
acceleration in AI traffic comes alongside a broader pickup in electronic
trading volumes running through the same colocation footprint, with Tradeweb’s Q1 net income climbing
39% to $233 million on record $3.3 trillion average daily volume.
A Strong Quarter Across
the Trading Stack
The
momentum extended beyond US venues. Polish broker XTB added 370,000 new clients and
posted estimated Q1 net profit of PLN 535 million, up 176% year over year, with operating income
rising 88.5% to PLN 1.09 billion.
Swiss
interdealer broker Compagnie Financière Tradition
continued its growth streak, reporting first-quarter revenue up 17.4% at
constant exchange rates to CHF 339.7 million, helped by elevated activity across rates, FX
and commodities.
Equinix
lifted full-year revenue guidance to a range of $10.144 to $10.244 billion,
from $10.123 to $10.223 billion previously, reflecting roughly 10 to 11% growth
at the midpoint.
Adjusted
EBITDA guidance was raised to $5.165 to $5.245 billion, with margin expected at
around 51%, while AFFO guidance moved to $4.198 to $4.278 billion.
The company
also flagged a pending acquisition of Nordic operator atNorth, struck jointly
with the Canada Pension Plan Investment Board, which Equinix said should close
as immediately accretive to AFFO per share.
Equinix
reported a 10% rise in first-quarter revenue to $2.44 billion and lifted its
2026 guidance, with the data center operator citing record bookings and
accelerating demand from AI customers as the backbone of the result.
Singapore Summit: Meet the largest
APAC brokers you know (and those you still don’t!)
The Redwood
City-based REIT, which runs colocation facilities widely used by exchanges,
market makers and interdealer brokers, posted net income of $415 million for
the quarter ended March 31, up 21% year over year.
Operating
income climbed 26% to $577 million, and adjusted EBITDA rose 17% to $1.245
billion, with margin reaching 51%, the company said.
Annualized
gross bookings hit $378 million, presales reached a record $140 million, and
AFFO crossed the $1 billion mark for the first time, at $10.79 per share.
The print
landed during a busy week for first-quarter earnings across firms that rely on
Equinix-style colocation, including New York market maker Virtu Financial, which nearly
doubled its first-quarter net income to $346.6 million on a 34% jump in trading income.
Q1 2026 Key Performance Indicators
|
Metric |
Q1 2026 |
Q1 2025 |
Change |
|
Revenue |
$2,444M |
$2,225M |
+9.8% |
|
Operating income |
$577M |
$458M |
+26.0% |
|
Net income |
$415M |
$343M |
+21.0% |
|
Diluted EPS |
$4.20 |
$3.50 |
+20.0% |
|
Adjusted EBITDA |
$1,245M |
$1,067M |
+16.7% |
AI Workloads Now Drive
Most Large Deals
About 60%
of Equinix’s largest deals during the quarter were tied to AI, the company
said, with eight of the ten largest AI model providers and four of the top five
so-called neoclouds expanding their footprints with the operator.
Equinix
also rolled out Fabric Intelligence, which it said embeds AI directly into its
network to optimize performance, and a Distributed AI Hub for connecting
customers to GPU clouds, model companies and data platforms.
CEO Adaire Fox-Martin
CEO Adaire
Fox-Martin pointed to “robust customer demand for our AI, cloud and
networking solutions” as the basis for the raised 2026 outlook.
The
acceleration in AI traffic comes alongside a broader pickup in electronic
trading volumes running through the same colocation footprint, with Tradeweb’s Q1 net income climbing
39% to $233 million on record $3.3 trillion average daily volume.
A Strong Quarter Across
the Trading Stack
The
momentum extended beyond US venues. Polish broker XTB added 370,000 new clients and
posted estimated Q1 net profit of PLN 535 million, up 176% year over year, with operating income
rising 88.5% to PLN 1.09 billion.
Swiss
interdealer broker Compagnie Financière Tradition
continued its growth streak, reporting first-quarter revenue up 17.4% at
constant exchange rates to CHF 339.7 million, helped by elevated activity across rates, FX
and commodities.
Equinix
lifted full-year revenue guidance to a range of $10.144 to $10.244 billion,
from $10.123 to $10.223 billion previously, reflecting roughly 10 to 11% growth
at the midpoint.
Adjusted
EBITDA guidance was raised to $5.165 to $5.245 billion, with margin expected at
around 51%, while AFFO guidance moved to $4.198 to $4.278 billion.
The company
also flagged a pending acquisition of Nordic operator atNorth, struck jointly
with the Canada Pension Plan Investment Board, which Equinix said should close
as immediately accretive to AFFO per share.
