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Equinix, Inc. EQIX Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$2.4BMiss by $71.0M
EPS$4.22Miss by $0.08
Revenue estimate$2.5B
EPS estimate$4.30
“Our results reflect continued strength across the business. We delivered double-digit recurring revenue growth whilst improving our margins as we capitalise on robust customer demand for our AI, cloud and networking solutions, We are raising our 2026 financial outlook based on the underlying strength of our Q1 performance and disciplined execution by our teams. The essential infrastructure we provide is enabling companies to accelerate innovation and enhancing our market position.”
Adaire Fox-Martin

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.6B
EPS estimate$4.14

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

as of 03/31/26
See full
Market cap$96.31B+21.4%
Enterprise value$118.39B+22.8%
P/E67.7×-16.6×
P/S10.2×+1.2×

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%

FAQ

When did Equinix, Inc. report Q1 2026 earnings?
Equinix, Inc. (EQIX) reported Q1 2026 earnings on April 29, 2026 after market close.
What were Equinix, Inc.'s Q1 2026 revenue and EPS?
Equinix, Inc. reported revenue of $2.4B and eps of $4.22 for Q1 2026.
Did Equinix, Inc. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $2.5B by $71.0M. EPS missed the consensus estimate of $4.30 by $0.08.
How did Equinix, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.8% from $2.2B a year earlier and eps declined 56.4% from $9.67.
Where can I find Equinix, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001101239-26-000089) and the 10-Q periodic report (0001101239-26-000091) directly on SEC EDGAR. The filing index links above go to sec.gov.