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Equinix to Post Q3 Earnings: What's in Store for the Stock?
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Key Takeaways
Equinix will report Q3 2025 results on Oct. 29, likely showing higher revenue and AFFO per share.
Demand for interconnected data centers and AI integration is expected to support growth.
Q3 revenue seen at $2.32B, up 5.6% year over year, though higher interest expenses may weigh on results.
Equinix, Inc. (EQIX - Free Report) is scheduled to report third-quarter 2025 results on Oct. 29, after market close. The company’s quarterly results are likely to display a year-over-year rise in revenues and adjusted funds from operations (AFFO) per share.
In the previous quarter, this Redwood City, CA-based data center real estate investment trust (REIT) reported an AFFO of $9.91 per share, beating the Zacks Consensus Estimate of $9.19 per share. Results reflected higher revenues, led by strong demand for digital infrastructure and services.
Over the preceding four quarters, EQIX’s AFFO per share surpassed the consensus estimate on three occasions and missed once, the average beat being 4.42%. This is depicted in the graph below:
In the third quarter of 2025, Equinix is likely to have benefited from the solid demand for interconnected data center infrastructure. Enterprises and service providers’ continued efforts to integrate artificial intelligence (AI) into their strategies and offerings and advance their digital transformation agendas are likely to keep demand up in the upcoming years.
Moreover, the demand for Equinix’s interconnected ecosystem remains strong, driven by an acceleration in enterprise cloud adoption and increasing cloud or Internet customers’ demands for highly interconnected data center space.
The company’s recurring revenue model, which comprises colocation, related interconnection and managed IT infrastructure services, is expected to have supported stable cash flows in the to-be-reported quarter, boosting the data center REIT’s top line.
Q3 Projections for EQIX
The Zacks Consensus Estimate for colocation revenues is pegged at $1.61 billion, suggesting growth of 6.2% from $1.52 billion in the prior-year period. The consensus mark for interconnection revenues is pegged at $417 million, indicating growth of 8.6% from $384 million in the prior-year period.
For the third quarter of 2025, Equinix projected revenues between $2.314 billion and $2.334 billion. The Zacks Consensus Estimate for the same stands at $2.32 billion, indicating an increase of 5.6% from the year-ago period’s reported figure.
EQIX estimated adjusted EBITDA in the range of $1.139-$1.159 billion for the third quarter. Our estimate is pegged at $1.14 billion, implying a year-over-year increase of 9%.
However, high interest expenses might have partly impeded the company’s quarterly performance. For the third quarter of 2025, our estimate for interest expenses implies a year-over-year increase of 13%.
EQIX’s activities during the to-be-reported period were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for quarterly AFFO per share has been revised 16 cents downward to $9.26 over the past three months. However, it suggests a 2.3% increase from the prior-year quarter’s reported figure.
What Our Quantitative Model Predicts for EQIX
Our proven model predicts a likely surprise in terms of AFFO per share for Equinix this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an AFFO beat, which is the case here.
Equinix currently has an Earnings ESP of +0.05% and a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader REIT industry — Extra Space Storage (EXR - Free Report) and Omega Healthcare Investors (OHI - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.
OHI, scheduled to report quarterly numbers on Oct. 30, has an Earnings ESP of +0.65% and a Zacks Rank of 3.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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Equinix to Post Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Equinix, Inc. (EQIX - Free Report) is scheduled to report third-quarter 2025 results on Oct. 29, after market close. The company’s quarterly results are likely to display a year-over-year rise in revenues and adjusted funds from operations (AFFO) per share.
In the previous quarter, this Redwood City, CA-based data center real estate investment trust (REIT) reported an AFFO of $9.91 per share, beating the Zacks Consensus Estimate of $9.19 per share. Results reflected higher revenues, led by strong demand for digital infrastructure and services.
Over the preceding four quarters, EQIX’s AFFO per share surpassed the consensus estimate on three occasions and missed once, the average beat being 4.42%. This is depicted in the graph below:
Equinix, Inc. Price and EPS Surprise
Equinix, Inc. price-eps-surprise | Equinix, Inc. Quote
Factors at Play for Equinix
In the third quarter of 2025, Equinix is likely to have benefited from the solid demand for interconnected data center infrastructure. Enterprises and service providers’ continued efforts to integrate artificial intelligence (AI) into their strategies and offerings and advance their digital transformation agendas are likely to keep demand up in the upcoming years.
Moreover, the demand for Equinix’s interconnected ecosystem remains strong, driven by an acceleration in enterprise cloud adoption and increasing cloud or Internet customers’ demands for highly interconnected data center space.
The company’s recurring revenue model, which comprises colocation, related interconnection and managed IT infrastructure services, is expected to have supported stable cash flows in the to-be-reported quarter, boosting the data center REIT’s top line.
Q3 Projections for EQIX
The Zacks Consensus Estimate for colocation revenues is pegged at $1.61 billion, suggesting growth of 6.2% from $1.52 billion in the prior-year period. The consensus mark for interconnection revenues is pegged at $417 million, indicating growth of 8.6% from $384 million in the prior-year period.
For the third quarter of 2025, Equinix projected revenues between $2.314 billion and $2.334 billion. The Zacks Consensus Estimate for the same stands at $2.32 billion, indicating an increase of 5.6% from the year-ago period’s reported figure.
EQIX estimated adjusted EBITDA in the range of $1.139-$1.159 billion for the third quarter. Our estimate is pegged at $1.14 billion, implying a year-over-year increase of 9%.
However, high interest expenses might have partly impeded the company’s quarterly performance. For the third quarter of 2025, our estimate for interest expenses implies a year-over-year increase of 13%.
EQIX’s activities during the to-be-reported period were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for quarterly AFFO per share has been revised 16 cents downward to $9.26 over the past three months. However, it suggests a 2.3% increase from the prior-year quarter’s reported figure.
What Our Quantitative Model Predicts for EQIX
Our proven model predicts a likely surprise in terms of AFFO per share for Equinix this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an AFFO beat, which is the case here.
Equinix currently has an Earnings ESP of +0.05% and a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader REIT industry — Extra Space Storage (EXR - Free Report) and Omega Healthcare Investors (OHI - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.
Extra Space Storage is slated to report quarterly numbers on Oct. 29. EXR has an Earnings ESP of +0.23% and carries a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
OHI, scheduled to report quarterly numbers on Oct. 30, has an Earnings ESP of +0.65% and a Zacks Rank of 3.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.