Equinix beats Q1 expectations, raises FY2025 guidance across key metrics

EQUINIX INC

2025-Q1 EPS reported $3.50 revenue$2,225,000,000

Q1 revenue $2.225B, +5% YoY as-reported or +8% normalized constant currency (excl power pass-through).
Net income $343M ($3.50/diluted EPS), +48% and +44% YoY respectively.
Adjusted EBITDA $1.067B (48% margin), AFFO $947M ($9.67/share), +8% and +12% YoY.
FY2025 guidance raised: revenue $9.175-9.275B, adj EBITDA $4.471-4.551B, AFFO $3.675-3.755B.
CEO cites robust demand across AI, cloud, and digital strategies; raised guidance reflects confidence.

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