Overview
- Equinix, which reported results Wednesday, posted Q1 revenue of $2.44 billion, net income of $415 million, AFFO of $1.07 billion, and a record $378 million in annualized bookings.
- The company lifted 2026 guidance to $10.14–$10.24 billion in revenue, up to about $5.25 billion in adjusted EBITDA, and $4.20–$4.28 billion in AFFO.
- AI drove roughly 60% of the quarter’s largest deals as customer talks shifted from pilots to enterprise-wide rollouts, and Equinix introduced Fabric Intelligence and a Distributed AI Hub to link clients to GPU clouds and model providers.
- To support AI inference that needs low-latency links near users, Equinix plans about $4.1 billion of 2026 capex after investing $1.26 billion in Q1, with more metro capacity and 50% growth in liquid-cooling deployments.
- Equinix and CPP Investments agreed to acquire Nordic operator atNorth in a deal the company expects to be immediately accretive to AFFO per share.