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Equinix raises full-year outlook but misses quarterly expectations, shares dip

#International News#United States of America
Last Updated : 5th May, 2026
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Synopsis

Equinix has increased its full-year revenue guidance and expects stronger performance in the coming quarter, supported by rising enterprise spending on AI infrastructure. However, its recent quarterly results fell short of market expectations, leading to a decline in its share price. While demand for data centre services remains strong, especially from AI-led workloads, the short-term miss highlights some pressure on performance. The company also continues to expand globally, including a recent acquisition move in the Nordic region to strengthen its data centre portfolio.

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Equinix has raised its revenue forecast for the ongoing financial year and projected a stronger second quarter, driven by increasing investments from enterprise clients in artificial intelligence (AI) infrastructure. Despite this positive outlook, the company’s shares declined by over 3% in extended trading after it reported quarterly revenue below market expectations.


The California-based data centre operator provides secure and energy-efficient facilities for businesses to house IT infrastructure, along with connectivity and shared platform solutions. Demand for such services has been growing steadily as companies scale up digital operations and AI capabilities.

For fiscal 2026, the company now expects revenue in the range of USD 10.14 billion to USD 10.24 billion, slightly higher than its earlier estimate of USD 10.12 billion to USD 10.22 billion. It has also guided for second-quarter revenue between USD 2.57 billion and USD 2.61 billion, which is above analysts’ average estimate of USD 2.52 billion.

However, performance in the past quarter remained under pressure. For the quarter ended March 31, Equinix reported revenue of USD 2.44 billion, falling short of the expected USD 2.52 billion. Its adjusted funds from operations, a key metric used to measure cash flow in the real estate and data centre sector, stood at USD 10.79 per share, below the estimated USD 10.88 per share.

Earlier this year, Equinix, along with Canada Pension Plan Investment Board, had announced plans to acquire Nordic data centre operator atNorth from Partners Group in a deal valued at around USD 4 billion. The move is part of its broader strategy to strengthen its presence in high-growth data centre markets, particularly in Europe.

The company’s latest outlook reflects continued confidence in long-term demand, especially from AI-driven workloads, even as short-term performance shows some variation.

Source Reuters
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