Overview

* Equinix ( EQIX ) Q3 revenue grows 5% yr/yr

* Net income for Q3 beats analyst estimates, reflecting strong operational performance

* Company announces strategic land acquisitions to expand data center capacity globally

Outlook

* Equinix ( EQIX ) expects Q4 revenues between $2.411 bln and $2.531 bln

* Company anticipates FY 2025 revenues between $9.208 bln and $9.328 bln

* Equinix ( EQIX ) projects FY 2025 adjusted EBITDA between $4.531 bln and $4.611 bln

Result Drivers

* RECORD BOOKINGS - Equinix ( EQIX ) achieved record annualized gross bookings of $394 mln, up 25% yr/yr, indicating strong demand

* CAPACITY EXPANSION - Co significantly expanded capacity with land acquisitions in major metros to support over 900 megawatts of capacity

* AI INFRASTRUCTURE - Equinix ( EQIX ) launched Distributed AI infrastructure solution to enhance support for AI workloads, showcasing partnerships with industry leaders

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $2.316 $2.32

Revenue bln bln (17

Analysts

)

Q3 EPS $3.81

Q3 Net Beat $374 mln $360.90

Income mln (14

Analysts

)

Q3 Miss $474 mln $516.60

Income mln (14

From Analysts

Operatio )

ns

Q3 Miss $399 mln $409.40

Pretax mln (11

Profit Analysts

)

Q3 Basic $3.82

EPS

Q3 Gross $1.17

Profit bln

Q3 $700 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Equinix Inc ( EQIX ) is $960.00, about 15% above its October 28 closing price of $816.13

* The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 52 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)