Equinix, Inc.
EQIX · Price history
Price at last available close
$1007.66
−$3.41 (-0.34%) 1M
2026-10-28
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Company & revenue
About Equinix, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 7, 2026. A research update is not a new financial filing.
Who they are
Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere.
How they make money
Equinix operates as a global digital infrastructure company, primarily generating revenue through the leasing of colocation space in its International Business Exchange (IBX) data centers. The company provides interconnected ecosystems that allow customers to connect their infrastructure to a wide range of network service providers, cloud service providers, and other enterprises, while also offering managed services and professional support.
Products & services
Equinix provides colocation services, interconnection services (including Equinix Fabric and Internet Exchange), and managed infrastructure services, including digital services like Equinix Metal, to support global digital transformation.
Brands & revenue mix
The primary corporate brand under which all data center and interconnection services are marketed.
Separate brand revenue is not available in this research.Source
International Business Exchange, the core brand for the company's global data center facilities.
Separate brand revenue is not available in this research.Source
The brand for the company's software-defined interconnection service.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
As of December 31, 2025, the company does not have any single customer that accounts for 10% or more of its total consolidated revenues.
Suppliers, materials & equipment
- Power Utility Providers — The company relies on various local utility companies to supply the significant amounts of electricity required to operate its data centers.Source
Business relationships & partnerships
- NVIDIA — A strategic collaboration involving the Dell AI Factory with NVIDIA to provide scalable, cost-efficient AI training solutions within Equinix IBX data centers.Source
- Dell Technologies — A strategic collaboration involving the Dell AI Factory with NVIDIA to provide scalable, cost-efficient AI training solutions within Equinix IBX data centers.Source
Competitors
- Digital Realty Trust, Inc. — A global provider of data center, colocation, and interconnection solutions that competes directly with Equinix in major markets.Source
- Telecommunications Carriers — Various regional and global telecommunications companies that offer colocation and interconnection services.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
32
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
56
Fair
Financial Strength
38
Business Quality / Moat
77
Management
55
Growth Quality
48
Risk / Durability
68
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
29
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for EQIX
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can EQIX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can EQIX fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is EQIX's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify EQIX's current valuation?
Essential Investment Snapshot
Wall Street Score
32
Opportunity Score
29
Market Cap
$99.43B
P/E Ratio
64.8
EPS
$15.60
52-Week High
$1128.68
52-Week Low
$720.62
Beta
0.97
Intrinsic Value
$395.72
Analyst Target
$1237.50
Shares Outstanding
98.1M
Total Revenue
$9.83B
Total Debt
$23.36B
Dividend Yield (TTM)
2.00%
Liquidation Value / Share
$146.48
Dividend / Share (TTM)
$20.17
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for EQIX
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Total debt is at least one year of revenue • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on EQIX.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global footprint of interconnected IBX data centers.
- +High levels of operational reliability and uptime.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Dependence on power availability and rising energy costs.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
32
Sep 21, 2026
Change
+0.2
points
Current Score
32
Oct 1, 2026
Category Changes
EQIX increased 0.2 points because overall fundamentals improved.
Projected Score
Projected Score
33
Projected Change
+0.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$1007.66
Model Intrinsic Value
$395.72
Difference
+$611.94
+154.6% vs IV
Margin of Safety
-154.6%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.83B | $9.26B | $8.75B | $8.19B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $4.76B | $4.51B | $4.47B | $4.23B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $5.07B | $4.75B | $4.28B | $3.96B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $2.79B | $2.75B | $2.66B | $2.51B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.93B | $2.90B | $2.95B | $2.52B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $4.49B | $4.07B | $3.44B | $3.37B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $2.14B | $1.85B | $1.33B | $1.44B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $578.0M | $569.0M | $457.0M | $402.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.71B | $1.51B | $975.0M | $1.12B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $175.0M | $160.0M | $161.0M | $155.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.53B | $1.35B | $815.0M | $969.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $15.60 | $13.79 | $8.54 | $10.35 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 98.64M | 97.88M | 95.46M | 93.61M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 99.14M | 98.12M | 95.83M | 94.01M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.63B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$4.83
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+6.9%
Cash Change
-73.3%
Margin Change
+1.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 16.4%. EPS increased 28.8%. Cash declined 73.3%. Total debt increased 6.9%. Net income margin improved by 1.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
56
Smart Money
56
Number of Gurus
5
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · EQIX
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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