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Equinix (EQIX)
NASDAQ:EQIX
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.75Last Year’s EPS
$2.4Same Quarter Last Year
Strong Buy
Based on 22 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 2.35%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for Equinix, with record-breaking gross bookings, consecutive revenue growth, and strategic expansions in the xScale program. Despite challenges related to energy constraints and development cycles, the strong demand for AI workloads and growth in interconnection services highlight significant opportunities for future growth.Company Guidance
In the Q3 2024 earnings call, Equinix highlighted several key metrics that underscore its robust financial performance and strategic focus. The company reported record gross bookings, with revenue reaching $2.2 billion, a 7% increase year-over-year. Adjusted EBITDA was up 12% from the previous year, with a strong AFFO per share profitability. The interconnection revenues also saw a 10% year-over-year growth, driven by Equinix Fabric, which achieved a revenue run rate exceeding $250 million. Equinix mentioned that net billable cabinets increased by 3,100 globally, while interconnections rose by 5,700, reflecting a high demand for digital infrastructure. Additionally, the xScale program is set to expand significantly, with a $15 billion joint venture to support further growth. These strategic moves indicate Equinix's commitment to leveraging its global footprint and differentiated service offerings to meet escalating market demands, particularly in the AI and digital infrastructure sectors.Record Gross Bookings and Consecutive Revenue Growth
Equinix delivered record gross bookings with strong performance across all three regions, marking the 87th consecutive quarter of revenue growth. Q3 revenues were $2.2 billion, up 7% year-over-year, driven by strong recurring revenue growth and xScale fees.
xScale Program Expansion
Equinix announced plans to nearly triple the investment capital of its xScale program with a new $15 billion joint venture with CPP Investment Board and GIC. This expansion is expected to build new state-of-the-art xScale facilities, starting with a 240-megawatt campus in Atlanta.
Strong Demand for AI Workloads
Enterprise demand for AI-related workloads is building steadily, with Equinix being a preferred location for service provider on-ramps, supporting data ingestion and distribution requirements for AI workloads.
Interconnection and Fabric Growth
Interconnection revenues increased 10% year-over-year, with Equinix Fabric operating at an annual revenue run rate of over $250 million. Equinix Internet Exchange peak traffic surpassed 40 terabits per second.
Channel Program Success
The channel program contributed to approximately 50% of new logos, with significant wins across various industry segments and use cases, including AI.
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EQIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $905.92 | $903.80 | -0.23% |
| Aug 07, 2024 | $772.62 | $801.52 | +3.74% |
| May 08, 2024 | $682.23 | $760.74 | +11.51% |
| Feb 14, 2024 | $816.23 | $857.55 | +5.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equinix (EQIX) report earnings?
Equinix (EQIX) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Equinix (EQIX) earnings time?
Equinix (EQIX) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQIX EPS forecast?
EQIX EPS forecast for the fiscal quarter 2024 (Q4) is $2.75.
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