EQIX
FY2026 Q1 · Calendar Q2 2026
Equinix, Inc.
Equinix's Q1 2026 results reinforce the thesis that enterprise AI adoption is migrating from training to inferencing at the edge, driving sustained demand for colocation, interconnection, and liquid-cooled capacity. Recurring revenue grew 10% and Fabric revenue surged 26%, confirming that AI workloads are translating into durable interconnection revenue. Despite missing consensus on both EPS and revenue by roughly 2-3%, management raised full-year guidance for the second consecutive quarter to 10-11% revenue growth, backed by a $4.1B capex program and the AtNorth renewable-power acquisition. The market reaction was negative -- a 1.6% abnormal move on 2.1x volume with continued subsequent drift -- suggesting investors are weighing the capital intensity against the growth outlook.
EPS surprise-2.3%
Market move-0.6%
