Equinix, Inc. (EQIX) Stock Price & Analysis
Equinix, Inc. (EQIX) closed at USD 952.62 on Thursday, October 22, 2026, down 4.26% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 995; the Oct 22, 2026 session ranged USD 931.21–990.35 on volume of 819,268 shares. Market capitalization is $94.00B, with a 52-week range of USD 720.62–1,128.68 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EQIX.md
Key facts (EQIX)
- Last four reported quarters (through Jun 30, 2026): revenue $9.80B, net income $1.53B (15.6% margin) (SEC filings).
- Valuation: P/E 61.3x (avg 81.6x at the last 3 fiscal year-ends), EV/EBITDA 26.0x, net debt $17.6B.
- 2 of 80 tracked superinvestors hold EQIX (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 1.97 on a 1–5 scale) (35 analysts), mean target USD 1,231.88 (range 1,060–1,380).
- Total return with dividends: 1Y +17.0% vs S&P 500 +14.9%; 5Y +28.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 3.96, revenue estimate $2.56B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EQIX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.64B | $7.26B | $8.19B | $8.75B | $9.22B | $9.80B |
| Gross profit | $3.16B | $3.51B | $3.96B | $4.28B | $4.71B | — |
| Operating income | $1.11B | $1.20B | $1.44B | $1.33B | $1.85B | $2.14B |
| Net income | $500M | $705M | $969M | $815M | $1.35B | $1.53B |
| EPS (diluted) | $5.53 | $7.67 | $10.31 | $8.50 | $13.76 | — |
| Free cash flow | -$204M | $685M | $436M | $183M | -$400M | — |
| Gross margin | 47.7% | 48.4% | 48.4% | 48.9% | 51.1% | — |
| Operating margin | 16.7% | 16.5% | 17.6% | 15.2% | 20.0% | 21.8% |
| Net margin | 7.5% | 9.7% | 11.8% | 9.3% | 14.6% | 15.6% |
| Revenue growth | +10.6% | +9.5% | +12.7% | +6.8% | +5.4% | — |
| Cash + short-term investments | $1.54B | — | $2.10B | $3.61B | $3.23B | — |
| Total debt | $11.7B | $12.9B | $14.8B | $16.5B | $18.2B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EQIX)
P/E 61.3x · P/S 9.6x · EV/EBITDA 26.0x · EV/Sales 11.4x · P/B 6.5x · Earnings yield 1.63% · Dividend yield (paid, TTM) 2.08% · Net debt $17.6B · EV $112B
P/E at fiscal year-ends: Dec 2025 55.7x, Dec 2024 110.9x, Dec 2023 78.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (EQIX)
2 of 80 tracked investors hold EQIX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.09% | $20.1M | Reduced -9.0% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $567K | Reduced -2.3% |
Analysts (EQIX)
Consensus Buy (mean 1.97 on a 1–5 scale), 35 analysts; mean target USD 1,231.88 (low 1,060, high 1,380).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | CIBC | Initiated | Outperformer | $1200 |
| 2026-10-20 | Guggenheim | Reiterated | Buy | $1235 |
| 2026-09-21 | Rothschild & Co | Initiated | Buy | $1261 |
| 2026-09-10 | BTIG | Target raised | Buy | $1210 → $1240 |
| 2026-09-08 | Barclays | Target raised | Equal-Weight | $1130 → $1135 |
| 2026-08-18 | Evercore ISI Group | Target raised | Outperform | $1240 → $1270 |
| 2026-08-05 | RBC Capital | Target raised | Outperform | $1125 → $1225 |
| 2026-07-31 | Truist Securities | Target raised | Buy | $1215 → $1220 |
| 2026-07-30 | UBS | Target raised | Buy | $1210 → $1265 |
| 2026-07-30 | Stifel | Target raised | Buy | $1250 → $1265 |
| 2026-07-30 | TD Cowen | Target raised | Buy | $1143 → $1166 |
| 2026-07-30 | Cantor Fitzgerald | Target raised | Overweight | $1186 → $1211 |
Total return (dividends reinvested) (EQIX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +17.0% | +28.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.0% | +5.1% |
| Volatility (annualized) | 25.6% | 25.6% |
| Max drawdown | -14.2% (Jun 2026→Oct 2026) | -39.4% (Dec 2021→Oct 2022) |
Companies that name EQIX in their SEC reports
| Relationship to EQIX | Company | Filing | Sentence |
|---|---|---|---|
| competitor | Applied Digital Corp. (APLD) | 10-K Jul 29, 2026 | “We compete with established data center owners and operators, including Digital Realty Trust, Inc. and Equinix, Inc., as well as hyperscalers that develop their own capacity, independent and private data center developers, and other power-advantaged developers, including companies that have expanded from blockchain hosting into HPC infrastructure, such as IREN Limited, Cipher Digital Inc., TeraWulf Inc., Hut 8 Cor…” |
| competitor | SIFY TECHNOLOGIES LTD (SIFY) | 20-F Jun 26, 2026 | “For instance, our corporate network services compete with well-established companies, including Reliance Jio Infocomm Limited, Bharti Airtel Limited, Tata Communications Limited, Government-owned telecom companies and Bharat Sanchar Nigam Limited, and our data center services compete with NTT Data Centers, Nxtra Data (by Airtel), CtrlS Data centers, and ST Telemedia GDC, alongside global players like Equinix and D…” |
| competitor | HIVE Digital Technologies Ltd. (HIVE) | 10-K Jun 2, 2026 | “We face competition from established data-center operators and infrastructure providers with significant capital resources, brand recognition and technical expertise, such as Equinix, Crusoe Cloud, Applied Digital and CoreWeave.” |
| competitor | PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (TLK) | 20-F May 15, 2026 | “Companies such as Equinix/NTT Communication, EDGE Connex, Biznet, DCI Indonesia, Elitery, Nex-center/CBN Nusantara, Pure DC, BDx/IOH provide data center solutions in Indonesia and compete with us.” |
| partner | D-MARKET Electronic Services & Trading (HEPS) | 20-F Apr 30, 2026 | “Data Center Service Agreement with Equinix Turkey Data Merkezi Üretim Sanayi ve Ticaret Anonim Şirketi” |
| supplier | OOMA INC (OOMA) | 10-K Apr 3, 2026 | “We currently serve most of our customers from three separate data center facilities located in Northern California, Texas and Virginia, where we lease space from Equinix, Inc. We also lease data center space in certain cities in the United States, Europe, South Africa, and Asia Pacific.” |
| competitor | Digi Power X Inc. (DGXX) | 10-K Mar 31, 2026 | “These competitors include Equinix, Inc., Digital” |
| supplier | Oklo Inc. (OKLO) | 10-K Mar 17, 2026 | “We will begin site preparation for other announced projects based on prioritization, potentially including prospective customers such as Meta Platforms, Inc., Equinix, Diamondback Energy, Prometheus Hyperscale, Switch, and other future projects.” |
| competitor | Rackspace Technology, Inc. (RXT) | 10-K Mar 6, 2026 | “•Colocation providers, such as Equinix, CyrusOne and QTS, provide secure environments for hardware and access to network connectivity.” |
| supplier | RingCentral, Inc. (RNG) | 10-K Feb 27, 2026 | “We currently serve our North American customers from geographically disparate data center hosting facilities in North America, where we lease space from Equinix, Inc., and other providers, and we serve our European customers from third-party data center hosting facilities in Europe.” |
| customer | Fortinet, Inc. (FTNT) | 10-K Feb 25, 2026 | “We rely on public cloud providers, such as Amazon Web Services, Microsoft Azure and Google Cloud colocation providers, such as Equinix, and our own data centers and PoPs, and any availability interruption in any of these cloud solutions could result in us not meeting our service-level commitments to our customers.” |
| competitor | Cipher Digital Inc. (CIFR) | 10-K Feb 24, 2026 | “Several companies compete in this industry, including: CoreWeave, Digital Realty, Equinix, Vantage Data Centers and Aligned Data Centers.” |
| competitor | DIGITAL REALTY TRUST, INC. (DLR) | 10-K Feb 13, 2026 | “We compete with numerous data center providers globally, many of whom own or operate properties similar to ours in some of the same metropolitan areas where our data centers are located, including Equinix, Inc. and NTT; various private operators in the U.S.; as well as Global Switch Holdings Limited and various regional operators in Europe, Asia, Latin America, Africa and Australia.” |
| competitor | CLEANSPARK, INC. (CLSK) | 10-K Nov 25, 2025 | “These competitors include Equinix, Inc., Digital Realty Trust, Inc., and CoreWeave, Inc., among others, as well as certain of our bitcoin mining competitors.” |
EQIX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.96 | $4.36 | -9.1% | $2.56B | 6 |
| Next quarter (ends Dec 2026) | $3.72 | $4.27 | -12.9% | $2.64B | 6 |
| Current fiscal year (ends Dec 2026) | $17.71 | $17.78 | -0.4% | $10.28B | 4 |
| Next fiscal year (ends Dec 2027) | $18.53 | $19.31 | -4.1% | $11.39B | 8 |
Key Statistics (as of October 23, 2026 at 09:28 UTC)
| Price | USD 952.62 |
|---|---|
| Change | ▼ 4.26% (down) |
| Previous Close | USD 995 |
| Open | USD 990.35 |
| Day Range | USD 931.21 – 990.35 |
| 52-Week Range | USD 720.62 – 1,128.68 |
| Volume | 819,268 shares |
| Market Cap | $94.00B |
| Exchange | NMS |
Technical Analysis (EQIX)
Nexqual's technical model rates EQIX "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:28 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 34.23 (neutral) |
| vs SMA50 | Below (USD 1,033.04) |
| MACD | -15.05 (negative) |
Analyst Ratings (EQIX)
Wall Street analysts rate EQIX "Buy" based on 35 analysts, with a mean price target of USD 1,231.88 (range USD 1,060–1,380), per Nexqual as of October 23, 2026 at 09:28 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 35 |
| Mean Target | USD 1,231.88 |
| High Target | USD 1,380 |
| Low Target | USD 1,060 |
| Buy / Hold / Sell | 30 / 5 / 0 |
Earnings (EQIX)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 3.96 |
| Revenue Estimate | $2.56B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 5.1 vs est 4.8 ▲ beat |
| 2026-03-31 | USD 4.17 vs est 4.33 ▼ miss |
| 2025-12-31 | USD 3.37 vs est 3.88 ▼ miss |
| 2025-09-30 | USD 3.89 vs est 3.43 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financials & Fundamentals (EQIX)
| Total Revenue | $9.90B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.70% |
| Gross Margin | +51.98% |
| Operating Margin | +27.02% |
| Profit Margin | +15.48% |
| ROE | +10.73% |
| Debt / Equity | 1.62 |
| Current Ratio | 1.13 |
| Total Cash | $979.00M |
| Total Debt | $23.36B |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | -$400.00M (-4.3% of revenue) |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financial Health Score (EQIX)
Nexqual rates Equinix, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:28 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 52%, operating 27% (last 12 months) |
| Balance Sheet | Weak — $2.22B cash and investments vs $19.9B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$400M (FY ended Dec 2025, 10-K), burning cash |
| Efficiency | Mixed — ROE 11%, ROA 3.7% |
Ownership (EQIX)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +100.74% |
| Shares Outstanding | 98.67M |
| Float | 98.29M |
| Short % of Float | +1.83% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Leadership (EQIX)
Equinix, Inc. is led by Adaire Rita Fox-Martin, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:28 UTC.
| President, CEO & Director | Adaire Rita Fox-Martin |
|---|---|
| Executive Chairman | Charles John Meyers |
| Executive Vice President of Global Operations | Raouf F. Abdel |
| Chief Financial Officer | Olivier C. Leonetti |
| Vice President of Investor Relations | Ryan C. Burke |
Major Backers & Investors (EQIX)
Notable institutional backers of Equinix, Inc. include FMR, LLC, Cohen & Steers Inc., Principal Financial Group, Inc., according to Nexqual as of October 23, 2026 at 09:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 2.91% |
| Cohen & Steers Inc. | 2.22% |
| Principal Financial Group, Inc. | 1.93% |
| JPMorgan | 1.78% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.71% |
| BlackRock | 11.6% |
| State Street | 6.11% |
| Geode Capital | 2.58% |
| Northern Trust | 1.57% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AMT | American Tower Corporation (REI | USD 181.57 | ▲ 2.21% |
| DLR | Digital Realty Trust, Inc. | USD 170.94 | ▼ 3.05% |
| CCI | Crown Castle Inc. | USD 78.83 | ▲ 0.23% |
| IRM | Iron Mountain Incorporated (Del | USD 110.66 | ▼ 3.54% |
| SBAC | SBA Communications Corporation | USD 178.39 | ▲ 2.87% |
| LAMR | Lamar Advertising Company | USD 157.51 | ▲ 1.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:28 UTC. This page is informational and not investment advice.
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