Equinix shares dip as Q3 revenue forecast falls short despite raised 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 well corroborated each claim is across sources.
- [● 4 SOURCES] Equinix forecast Q3 revenue of $2.53‑$2.58 billion, below analysts’ $2.58 billion estimate. (Equinix shares fall on soft third‑quarter forecast)
- [● 5 SOURCES] Equinix reported Q2 revenue of $2.63 billion, above analysts’ estimates. (Equinix shares fall on soft third‑quarter forecast)
- [○ 1 SOURCE] Equinix’s stabilized data‑center portfolio utilization was about 82% in Q2. (Equinix Raises Outlook as AI Drives More Records in Q2)
- [● 4 SOURCES] Equinix raised its full‑year AFFO forecast to $42.69‑$43.29 per share. (Equinix shares fall on soft third‑quarter forecast)
- [● 4 SOURCES] Equinix shares fell 3% on July 29, 2026. (Equinix shares fall on soft third‑quarter forecast)
- [○ 1 SOURCE] CEO Adaire Fox‑Martin said AI workloads drove the majority of large deals. (Equinix Raises Outlook as AI Drives More Records in Q2)
- [● 4 SOURCES] Equinix raised its 2026 revenue outlook to $10.21‑$10.29 billion. (Equinix shares fall on soft third‑quarter forecast)
- [○ 1 SOURCE] Equinix net income for Q2 was $479 million, up from $415 million in the prior quarter. (Equinix Raises Outlook as AI Drives More Records in Q2)