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Companies / Logistics & diversified REITs / EQIX

Equinix

EQIX · Logistics & diversified REITs sector group
Guidance from Equinix’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
36 items
Releases tracked
8
Latest release
Jul 29, 2026
Data checked
Jul 29, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Jul 29, 2026 release

Each item compared with the same item in the previous release (Apr 29, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewAdjusted EBITDA Margin (In 2029)for FY2029—“53%+”Filing ↗
NewTotal Revenue Growth (Annual Range)for FY2027–2029—“10 - 13%”Filing ↗
NewRecurring Capital Expenditures % of Revenuesfor Q3 FY2026—“3 - 4%”Filing ↗
NewRevenue growth (as-reported)for Q3 FY2026—“9 - 11%”Filing ↗
NewRevenue growth (normalized and constant currency)for Q3 FY2026—“10 - 12%”Filing ↗
NewRevenuesfor Q3 FY2026—“$2.525 and $2.575 billion”Filing ↗
RaisedRevenuesfor FY2026“$10,144 - 10,244”“$10,205 - 10,285”Filing ↗
RaisedTotal revenuesfor FY2026“$10.144 and $10.244 billion”“$10.205 and $10.285 billion”Filing ↗
NewAdjusted EBITDA Margin (In 2029)for FY2027—“53%+”Filing ↗
NewAdjusted EBITDAfor Q3 FY2026—“$1.275 and $1.315 billion”Filing ↗
RaisedAdjusted EBITDAfor FY2026“$5.165 and $5.245 billion”“$5.210 and $5.270 billion”Filing ↗
NewAdjusted EBITDA marginfor Q3 FY2026—“approximately 51%”Filing ↗
NewAdjusted EBITDA margin expansionfor FY2026—“an approximate +2% expansion over the previous year”Filing ↗
NewAFFO per Share Growth (Annual Range)for FY2027–2029—“9 - 12%”Filing ↗
NewTotal Capital Expenditures (Annual Range)for FY2027–2029—“$5,000 - 7,000”Filing ↗
RaisedAFFOfor FY2026“$4.198 and $4.278 billion”“$4.240 and $4.300 billion”Filing ↗
RaisedAFFO growth (as-reported)for FY2026“11 - 13%”“13 - 14%”Filing ↗
RaisedAFFO growth (normalized and constant currency)for FY2026“9 - 11%”“12 - 13%”Filing ↗
RaisedAFFO per Share (Diluted)for FY2026“$42.31 - 43.11”“$42.69 - 43.29”Filing ↗
RaisedAFFO per share growth (as-reported)for FY2026“9 - 12%”“11 - 13%”Filing ↗
RaisedAFFO per share growth (normalized and constant currency)for FY2026“8 - 10%”“10 - 12%”Filing ↗
RaisedExpected Cash Dividendsfor FY2026“~$2,037”“~$2,039”Filing ↗
NewNon-recurring Capital Expenditures (Excludes xScale and Real Estate Acquisitions)for FY2026—“$4,710 - 5,690”Filing ↗
RaisedRecurring capital expendituresfor FY2026“$280 and $300 million”“$290 - 310”Filing ↗
NewRecurring Capital Expendituresfor Q3 FY2026—“$70 - 90”Filing ↗
RaisedTotal capital expendituresfor FY2026“approximately $4.100 billion”“$5.000 and $6.000 billion”Filing ↗
ReiteratedRecurring Capital Expenditures % of Revenuesfor FY2026“~3%”“~3%”Filing ↗
Show 5 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedAdjusted EBITDA margin expansionfor FY2026“approximate 200 basis-point expansion”—Filing ↗
Not restatedNon-recurring capital expendituresfor FY2026“approximately $3.800 billion”—Filing ↗
Not restatedNon-recurring capital expenditures (excludes xScale)for FY2026“$3.385 and $3.865 billion”—Filing ↗
Not restatedNon-recurring capital expenditures, excluding on-balance sheet xScale-related spendfor FY2026“approximately $3.800 billion”—Filing ↗
Not restatedRetail capacity and power capacity to be added from major projects underwayfor FY2026“will add approximately 34,000 cabinets of retail capacity and over 165 megawatts of capacity”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Recurring Capital Expenditures % of Revenues“~3%”for FY2026GAAP-tiedFeb 11, 20263Filing ↗
Recurring Capital Expenditures % of Revenues“3 - 4%”for Q3 FY2026GAAP-tiedJul 29, 20261Filing ↗
Revenue growth (as-reported)“9 - 11%”for Q3 FY2026GAAP-tiedJul 29, 20261Filing ↗
Revenue growth (normalized and constant currency)“10 - 12%”for Q3 FY2026Company-definedJul 29, 20261Filing ↗
Revenues“$2.525 and $2.575 billion”for Q3 FY2026GAAP-tiedJul 29, 20261Filing ↗
Revenues“$10,205 - 10,285”for FY2026GAAP-tiedFeb 11, 20263Filing ↗
Total revenues“$10.205 and $10.285 billion”for FY2026GAAP-tiedFeb 11, 20263Filing ↗
Total revenues growth (as-reported)“approximately 10 - 11%”for FY2026GAAP-tiedFeb 11, 20261Filing ↗
Total revenues growth (normalized and constant currency)“9 - 10%”for FY2026Company-definedFeb 11, 20261Filing ↗
Adjusted EBITDA“$1.275 and $1.315 billion”for Q3 FY2026Company-definedJul 29, 20261Filing ↗
Adjusted EBITDA“$5.210 and $5.270 billion”for FY2026Company-definedFeb 11, 20263Filing ↗
Adjusted EBITDA margin“approximately 51%”for Q3 FY2026Company-definedJul 29, 20261Filing ↗
Adjusted EBITDA margin“51%”for FY2026Company-definedFeb 11, 20262Filing ↗
Adjusted EBITDA margin expansion“an approximate +2% expansion over the previous year”for FY2026Company-definedJul 29, 20261Filing ↗
Adjusted EBITDA margin expansion“approximate 200 basis-point expansion”for FY2026Company-definedFeb 11, 20261Filing ↗
AFFO“$4.240 and $4.300 billion”for FY2026Company-definedFeb 11, 20263Filing ↗
AFFO growth (as-reported)“13 - 14%”for FY2026Company-definedFeb 11, 20262Filing ↗
AFFO growth (normalized and constant currency)“12 - 13%”for FY2026Company-definedFeb 11, 20262Filing ↗
AFFO per Share (Diluted)“$42.69 - 43.29”for FY2026GAAP-tiedFeb 11, 20263Filing ↗
AFFO per share growth (as-reported)“11 - 13%”for FY2026GAAP-tiedFeb 11, 20262Filing ↗
AFFO per share growth (normalized and constant currency)“10 - 12%”for FY2026Company-definedFeb 11, 20262Filing ↗
Expected Cash Dividends“~$2,039”for FY2026Company-definedFeb 11, 20263Filing ↗
Non-recurring capital expenditures“approximately $3.800 billion”for FY2026Company-definedApr 29, 20261Filing ↗
Non-recurring Capital Expenditures (Excludes xScale and Land Acquisitions)“~$3,800”for FY2026Company-definedApr 29, 20261Filing ↗
Non-recurring Capital Expenditures (Excludes xScale and Real Estate Acquisitions)“$4,710 - 5,690”for FY2026Company-definedJul 29, 20261Filing ↗
Non-recurring capital expenditures (excludes xScale)“$3.385 and $3.865 billion”for FY2026Company-definedFeb 11, 20261Filing ↗
Non-recurring capital expenditures, excluding on-balance sheet xScale-related spend“approximately $3.800 billion”for FY2026Company-definedApr 29, 20261Filing ↗
Recurring capital expenditures“$290 - 310”for FY2026Company-definedFeb 11, 20263Filing ↗
Recurring Capital Expenditures“$70 - 90”for Q3 FY2026Company-definedJul 29, 20261Filing ↗
Retail capacity and power capacity to be added from major projects underway“will add approximately 34,000 cabinets of retail capacity and over 165 megawatts of capacity”for FY2026Company-definedFeb 12, 20251Filing ↗
Total capital expenditures“$5.000 and $6.000 billion”for FY2026Company-definedFeb 11, 20263Filing ↗
Next year and medium term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Adjusted EBITDA Margin (In 2029)“53%+”for FY2029Company-definedJul 29, 20261Filing ↗
Total Revenue Growth (Annual Range)“10 - 13%”for FY2027–2029GAAP-tiedJul 29, 20261Filing ↗
Adjusted EBITDA Margin (In 2029)“53%+”for FY2027Company-definedJul 29, 20261Filing ↗
AFFO per Share Growth (Annual Range)“9 - 12%”for FY2027–2029GAAP-tiedJul 29, 20261Filing ↗
Dividend per Share Growth (Annual Range)“Approximates AFFO per Share Growth”for FY2027–2029Declared actionJul 29, 20261Filing ↗
Total Capital Expenditures (Annual Range)“$5,000 - 7,000”for FY2027–2029Company-definedJul 29, 20261Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Quarterly cash dividend“$5.16 per share”—Declared actionFeb 12, 20252Filing ↗

How one item moved

Revenues, for FY2025 — every statement across the year, each linked to its filing.

Feb 12, 2025
New
“$9.033 - $9.133 billion, an increase of approximately 3 - 4% over the previous year on an as-reported basis, or an increase of 7 - 8% on a normalized and constant-currency basis excluding the year-over-year impact of the power pass-through and Equinix Metal ®”
Filing ↗
Apr 30, 2025
Raised
“$9,175 - 9,275”
Filing ↗
Jul 30, 2025
Raised
“$9,233 - 9,333”
Filing ↗
Oct 29, 2025
Lowered
“$9,208 - 9,328”
Filing ↗

How your Logistics & diversified REITs sector group guides

12 companies in Logistics & diversified REITs. What they guide on, and who reported this season.

Most-guided metric families
GAAP EPS
11
Dividends
8
Revenue
7
Capex
6
Buybacks
6
Adjusted EBITDA
5
Interest expense
4
Same-store sales
3
This season’s releases
PrologisOct 15, 202618 changes
Simon Property GroupAug 10, 202617 changes
Realty IncomeAug 5, 20268 changes
EquinixJul 29, 202626 changes
Public StorageJul 29, 202619 changes
VentasJul 29, 202614 changes
American TowerJul 28, 202639 changes
Extra Space StorageJul 28, 20266 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2029FY2027FY2026FY2025FY2024No period
Recurring Capital Expenditures % of Revenues——6 statements6 statements——
Revenue growth (as-reported)——1 statement—1 statement—
Revenue growth (normalized and constant currency)——1 statement—1 statement—
Revenues——6 statements9 statements1 statement—
Total Revenue Growth (Annual Range)—1 statement3 statements5 statements1 statement—
The full record for Equinix and its Logistics & diversified REITs peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Jul 29, 2026FY2026 Q20001101239-26-00014528Open filing ↗
Apr 29, 2026FY2026 Q10001101239-26-00008918Open filing ↗
Feb 11, 2026FY2025 Q40001101239-26-00003024Open filing ↗
Oct 29, 2025FY2025 Q30001101239-25-00006124Open filing ↗
Jul 30, 2025FY2025 Q20001101239-25-00002817Open filing ↗
Apr 30, 2025FY2025 Q10001628280-25-02108017Open filing ↗
Feb 12, 2025FY2024 Q40001628280-25-00512220Open filing ↗
Oct 30, 2024FY2024 Q30001628280-24-04432819Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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