Equinix shares dip as Q3 revenue forecast falls short despite raised outlook

Equinix Q3 revenue forecast AI demand data‑center utilization AFFO outlook

Equinix shares fell 3% on July 29 after the company projected third‑quarter revenue of $2.53‑$2.58 billion, a midpoint below analysts’ $2.58 billion estimate. The data‑center REIT also lifted its 2026 revenue outlook to $10.21‑$10.29 billion and raised its full‑year adjusted funds‑from‑operations (AFFO) guidance to $42.69‑$43.29 per share.

For the second quarter, Equinix reported revenue of $2.63 billion, beating the $2.58 billion consensus, and net income of $479 million, up from $415 million a quarter earlier. Stabilized data‑center utilization remained around 82 %. CEO Adaire Fox‑Martin said AI‑driven workloads were behind the majority of the company’s largest deals, supporting higher growth expectations. The firm now expects annual revenue growth of 10‑13 % through 2029, up from the prior 7‑10 % range.

Entities

Adaire Fox‑Martin · Adobe · Charles J. Meyers · Equinix Inc. · Netflix · Nvidia · Redwood City, California

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Equinix forecast Q3 revenue of $2.53‑$2.58 billion, below analysts’ $2.58 billion estimate. jack1065.com · wixx.com · wxerfm.com · commercialobserver.com
[● 5 SOURCES] Equinix reported Q2 revenue of $2.63 billion, above analysts’ estimates. commercialobserver.com · wtop.com · jack1065.com · wixx.com · wxerfm.com
[○ 1 SOURCE] Equinix’s stabilized data‑center portfolio utilization was about 82% in Q2. commercialobserver.com
[● 4 SOURCES] Equinix raised its full‑year AFFO forecast to $42.69‑$43.29 per share. jack1065.com · wixx.com · wxerfm.com · commercialobserver.com
[● 4 SOURCES] Equinix shares fell 3% on July 29, 2026. jack1065.com · wixx.com · wxerfm.com · commercialobserver.com
[○ 1 SOURCE] CEO Adaire Fox‑Martin said AI workloads drove the majority of large deals. commercialobserver.com
[● 4 SOURCES] Equinix raised its 2026 revenue outlook to $10.21‑$10.29 billion. jack1065.com · wixx.com · wxerfm.com · commercialobserver.com
[○ 1 SOURCE] Equinix net income for Q2 was $479 million, up from $415 million in the prior quarter. commercialobserver.com