Equinix misses first quarter 2026 estimates but raises full-year outlook on record AI-driven bookings.

Equinix reported first-quarter 2026 revenues of $2.444 billion and Adjusted Funds From Operations (AFFO) of $10.79 per share, missing analyst expectations. Despite the miss, the company raised its full-year financial outlook across key metrics, citing strong underlying performance and robust bookings.

Key Highlights

• Revenue grew 10% year-over-year to $2.444 billion, while AFFO per share increased 12% to $10.79.
• The company achieved its largest first-quarter annualized gross bookings in history, with approximately 60% of its largest deals being AI-related.
• Interconnection revenue, a key focus area for investors, reached $446 million for the quarter.
• Full-year 2026 revenue guidance was raised to a range of $10.144 to $10.244 billion, citing better-than-expected operating performance.