Equinix Q4 revenue misses estimates, dividend up 10%

Overview

• Digital infrastructure firm's Q4 revenue missed analyst expectations

• Net income for Q4 missed analyst estimates

• Company increased quarterly cash dividend by 10% to $5.16 per share

Outlook

• Equinix expects 2026 revenue between $10.123 bln and $10.223 bln

• Company projects 2026 adjusted EBITDA between $5.141 bln and $5.221 bln

• Equinix forecasts 2026 AFFO per share between $41.93 and $42.74

Result Drivers

• RECURRING REVENUE GROWTH - Q4 monthly recurring revenue increased 10% year over year, driven by strong demand for AI, cloud, and network solutions

• RECORD BOOKINGS - Delivered record annualized gross bookings of $474 mln in Q4, up 42% over the previous year

• STRATEGIC PARTNERSHIPS - Salesforce deepened its partnership with Equinix to enhance AI performance through private network connections

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 7 "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 is $950.00, about 10.9% above its February 10 closing price of $856.74

• The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release: ID:nPn7rLZ74a

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