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Equinix, Inc.

EQIX

Equinix is a global digital infrastructure company that operates as a real estate investment trust (REIT), providing network-neutral colocation and interconnection services.

Market cap
$100.2B+30.2%
Revenue$9.4B+6.7%
Net income$1.4B+51.1%
Free cash flow-$998.0M-380%
EPS (diluted)$14.45+48.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$2.6B
EPS estimate$4.78

Financials

Q1 2026

Income statement

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Revenue$2.4B+9.8%
Gross profit$1.3B+10.3%
Operating income$577.0M+26.0%
Net income$415.0M+21.0%
EPS (diluted)$4.20+20.0%

Balance sheet

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Cash & equivalents$1.4B-51.9%
Total debt$23.5B+17.7%
Total equity$14.3B+2.9%
Total assets$40.9B+13.4%

Cash flow

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Operating cash flow$717.0M-11.4%
CapEx$1.3B+67.5%
Free cash flow-$539.0M-1,014%

Valuation & ratios

Valuation

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Market cap$100.2B+30.2%
Enterprise value$122.28B+28.0%
P/E70.5×-5.9×
P/S10.6×+2.0×

Profitability

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Gross margin51.1%+1.6pp
Operating margin20.8%+4.8pp
Net margin15.1%+4.4pp
FCF margin-10.6%-14.6pp

Returns & leverage

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Return on equity10.1%+2.9pp
Debt / equity1.6×+0.2×
Current ratio1.2×-0.5×

Segments

By product

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Recurring revenues$2.3B+11.7%
Colocation$1.7B+12.0%
Interconnection$446.0M+13.5%
Managed infrastructure$115.0M0.0%
Non-recurring revenues$113.0M-18.1%

By segment

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Americas$1.1B+9.0%
EMEA$827.0M+11.3%
Asia-Pacific$526.0M+9.4%

By geography

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UNITED STATES$935.0M+7.1%

Competitors

Profile

Equinix is a global digital infrastructure company that operates as a real estate investment trust (REIT), providing network-neutral colocation and interconnection services. The company enables organizations to deploy and connect foundational infrastructure across a global platform of data centers, facilitating secure data exchange between businesses, cloud providers, and networks. Its core value proposition centers on a powerful network effect where a critical mass of interconnected customers reduces latency and bandwidth costs for all participants.

Competitive position

Equinix is a global leader in the multi-tenant data center market, distinguished by its carrier-neutral status and the industry's largest ecosystem of interconnected partners.

GeographiesAmericas, EMEA, Asia-Pacific
Customer segmentsEnterprise, Cloud Service Providers, Network Service Providers, Financial Institutions, Government
Business modelLeasing, Subscription, Usage-based, Joint Venture
SuppliersElectric utilities and renewable energy providers, Real estate developers and land owners, IT hardware and cooling equipment manufacturers, Fiber optic cable providers
CustomersHyperscale cloud platforms, Global enterprises, Content delivery networks, Financial trading firms, Telecommunications carriers
Listed2000
Employees13.2K
CEOAdaire Rita Fox-Martin
FilingsSEC EDGAR

Questions, answered.

What is Equinix, Inc.'s market cap?
Equinix, Inc. (EQIX) has a market capitalization of $100.20B and trades on NASDAQ.
What is Equinix, Inc.'s revenue and profitability?
Equinix, Inc. generated $9.4B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 15.1%. Gross margin stands at 51.1%, with free cash flow of -$998.0M. These figures are based on the Q1 2026 filing.
Who are Equinix, Inc.'s competitors?
Equinix, Inc.'s key competitors include Digital Realty Trust, Iron Mountain, American Tower, and others. These companies compete in similar markets and product categories.
Who does Equinix, Inc. partner with?
Equinix, Inc.'s notable partners include Disability:IN, Amazon Web Services, Microsoft Azure, and others.
Where is Equinix, Inc. headquartered?
Equinix, Inc. is headquartered in United States of America and employs approximately 13,151 people. It has been publicly traded since 2000.