Equinix Q3 2025: Record bookings $394M (+25% YoY); revenue $2.32B (+5%); AFFO $9.83/share (+9%)

EQUINIX INC

2025-Q3 EPS reported $11.07 vs consensus $3.72 ▲ beat (+197.3%)

Record annualized gross bookings of $394M, up 25% YoY and 14% sequentially.
Revenue $2.316B (+5% YoY); net income $374M ($3.81 EPS), up 26% and 23% respectively.
Adjusted EBITDA $1.148B (50% margin), up 10% YoY; AFFO $965M ($9.83/share), up 11% YoY.
Land acquisitions in 5 metros to support over 900 MW of retail and xScale capacity.
CEO Adaire Fox-Martin cites accelerating momentum for Q4 and 2026.

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