Welcome to our dedicated page for Equinix news (Ticker: EQIX), a resource for investors and traders seeking the latest updates and insights on Equinix stock.
Equinix, Inc. (NASDAQ: EQIX) is a leading digital infrastructure company that operates the world's most interconnected data centers. With over 260 data centers spread across 71 markets and 5 continents, Equinix connects businesses to their customers, employees, and partners, enabling them to accelerate their business, IT, and cloud strategies. Equinix operates as a Real Estate Investment Trust (REIT), generating approximately 70% of its revenue from renting data center space and related services, and 15% from interconnections.
Equinix's customer base includes over 10,000 clients, with 2,100 network providers across various sectors such as cloud and IT services, content providers, financial services, and enterprise. The company's unique global interconnection platform fosters new business opportunities by enabling interdependent enterprise business models to thrive in a digital economy.
Equinix has made significant strides in sustainability, recently announcing a Power Purchase Agreement (PPA) with TagEnergy to purchase 151 megawatts of renewable energy from the Golden Plains Wind Farm in Australia. This agreement is part of Equinix's broader strategy to bring clean energy to regions where renewable energy projects face challenges. The company has executed 21 PPAs globally, resulting in 3,000,000 MWh of renewable energy and aims to achieve 100% renewable energy coverage across all operations by 2029.
Financially, Equinix continues to show robust growth. In Q1 2024, the company reported $2.1 billion in revenue, marking a 6% increase from the same quarter in the previous year. The company expects to achieve a revenue range of $8.793 to $8.893 billion for the year, with an adjusted EBITDA margin of 47%. Equinix's strong financial performance is supported by its strategic expansion and partnerships.
Recent leadership changes have positioned Equinix for further growth. Charles Meyers will transition to Executive Chairman, with Adaire Fox-Martin from Google Cloud stepping in as the new President and CEO. This leadership transition underscores Equinix's commitment to leveraging industry expertise to drive innovation and growth.
In addition to its operational and financial achievements, Equinix is committed to transparency and integrity in its financial reporting. The company is currently cooperating with an independent investigation and a class action lawsuit concerning alleged financial misstatements and overselling power capacity. Despite these challenges, Equinix remains confident in its long-term growth prospects and continues to see high relevance of its value proposition to its customers.
Equinix's commitment to innovation, sustainability, and customer success makes it a critical player in the global digital infrastructure landscape, enabling organizations to scale with agility, speed digital service launches, and achieve sustainability goals.
Equinix (EQIX) has announced a private AI solution in collaboration with Dell Technologies and NVIDIA. The solution combines Dell AI Factory with NVIDIA technology, available across Equinix's 260+ AI-ready data centers globally. The infrastructure enables businesses to train AI models in scalable, cost-efficient public and private clouds while maintaining enhanced control and security.
The solution integrates Dell PowerEdge XE9680 servers, NVIDIA's accelerated computing, Spectrum-X Ethernet platform, BlueField-3 DPUs, Dell PowerScale F710 storage, and NVIDIA AI Enterprise software. It has shown positive results in healthcare, manufacturing, and retail sectors. The platform offers 99.999% uptime, operates with 96% renewable energy coverage globally, and provides access to an ecosystem of 10,000 enterprises, including 2,000 networks and 3,000 cloud providers.
Equinix (Nasdaq: EQIX) has issued an additional €1.15 billion in green bonds, following their previous €750 million offering in September 2024. This brings their total green bond issuance to approximately $6.9 billion, positioning them among the top 5 U.S. green bond issuers.
The latest issuance includes €650 million in 3.25% senior green notes due 2031 and €500 million in 3.625% senior green notes due 2034. The proceeds will finance Eligible Green Projects focusing on green building development, renewable energy innovations, energy efficiency, resource conservation, and decarbonization solutions. In 2023, Equinix maintained 96% renewable energy coverage and improved its power usage effectiveness by over 8% compared to the previous year.
Equinix (EQIX) has announced plans to build its sixth International Business Exchange data center in Singapore, with an initial investment of US$260 million. The new facility, SG6, is designed to support next-generation workloads like AI and will feature advanced liquid cooling technology. Set to open in Q1 2027, the 9-story facility will provide 20MW when fully built and integrate into Equinix's global network of 268 interconnected data centers. The project aligns with Singapore's Green Plan 2030, incorporating sustainability features including renewable power agreements, lower carbon building materials, and energy-efficient cooling systems.
Equinix (EQIX) has announced a quarterly cash dividend of $4.26 per share on its common stock. The dividend will be paid on December 11, 2024, to shareholders of record as of November 13, 2024. Equinix operates as the world's digital infrastructure company, providing a trusted platform for digital leaders to interconnect foundational infrastructure and scale their operations.
Equinix (Nasdaq: EQIX) reported its third-quarter 2024 results with quarterly revenues increasing 7% year-over-year to $2.2 billion. The growth was driven by robust pricing, strong deal conversions, and improvements in billable cabinets. Operating income stood at $425 million, lower than the previous quarter due to a Q2 asset sale gain. Net income attributable to common stockholders was $297 million or $3.10 per share, both lower than the previous quarter for the same reason. Adjusted EBITDA was $1.048 billion, a 1% increase over the previous quarter, with a 48% margin. AFFO per share was $9.05, down due to higher recurring capital expenditures. Equinix also announced a $15 billion joint venture to meet growing AI demand, expected to triple its xScale data center portfolio investment. The company’s annual guidance projects revenues of $8.748 - $8.788 billion, adjusted EBITDA of $4.086 - $4.126 billion, and AFFO per share of $34.81 - $35.22, reflecting significant growth over the previous year.
Equinix (Nasdaq: EQIX), the world's digital infrastructure company, has announced its upcoming quarterly conference call to discuss third-quarter results for the period ended September 30, 2024. The call is scheduled for Wednesday, October 30, 2024, at 5:30 p.m. ET (2:30 p.m. PT).
Interested parties can access the live call by dialing 1-517-308-9482 and using the passcode EQIX. A simultaneous live webcast will be available on the Equinix website under the Investor Relations section. For those unable to attend, a replay will be accessible one hour after the call until December 31, 2024, by dialing 888-296-6944 with passcode 2024. The webcast will also be available on the company's investor relations website without a password requirement.
Equinix has announced a joint venture agreement with GIC and CPP Investments to raise over $15 billion in capital for expanding its xScale data center portfolio in the U.S. This expansion is driven by increasing AI and cloud growth. The JV aims to nearly triple the investment capital of Equinix's xScale program, with plans to build new facilities on multiple 100+ megawatt campuses, adding more than 1.5 gigawatts of new capacity for hyperscale customers.
Under the agreement, CPP Investments and GIC will each control a 37.5% equity interest, while Equinix will own 25%. The JV is expected to close in Q4 2024, subject to regulatory approvals. This expansion will complement Equinix's existing global presence, which includes 72 global metros and an ecosystem of over 10,000 customers.
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, has announced that Keith Taylor, Chief Financial Officer, will be presenting at the RBC Capital Markets Global Communications Infrastructure Conference. The presentation is scheduled for Wednesday, September 25, at 11:30 a.m. CT.
Investors and interested parties can access the presentation via a webcast on the Investor Relations section of the Equinix website at www.equinix.com/investors. This event provides an opportunity for Equinix to share insights and updates with the investment community regarding its digital infrastructure business and financial performance.
Equinix has issued more than $750 million in green bonds across two completed offerings, bringing its total green bond issuance to approximately $5.6 billion. This makes Equinix one of the top 10 largest U.S. corporate issuers in the investment-grade green bond market.
The company issued €600 million in 3.65% senior green notes due 2033 and Swiss Franc 100 million in 1.5575% senior green notes due 2029. These bonds will fund Eligible Green Projects, including green building development, renewable energy innovations, energy efficiency, resource conservation, and decarbonization solutions.
Equinix's sustainability efforts have led to 96% renewable energy coverage across its portfolio in 2023 and an 8%+ improvement in power usage effectiveness compared to the previous year. The company has also been recognized on the CDP's Climate Change A List for two consecutive years.
Equinix (Nasdaq: EQIX), the global digital infrastructure leader, has announced its participation in two major investor conferences in September 2024. CEO and President Adaire Fox-Martin will represent the company at both events:
1. Citi's 2024 Global Technology, Media and Telecom Conference on September 4, with a presentation at 3:00 p.m. ET.
2. Bank of America's 2024 Media, Communications and Entertainment Conference on September 5, presenting at 2:00 p.m. ET.
Investors and interested parties can access the presentations via webcast on the Investor Relations section of the Equinix website at www.equinix.com/investors. These conferences provide Equinix with a platform to showcase its digital infrastructure strategies and engage with potential investors.
FAQ
What is the current stock price of Equinix (EQIX)?
What is the market cap of Equinix (EQIX)?
What does Equinix, Inc. do?
How many data centers does Equinix operate?
What is Equinix's primary source of revenue?
Who are Equinix's customers?
What are Power Purchase Agreements (PPAs) in the context of Equinix?
What are Equinix's recent achievements in sustainability?
What were Equinix's financial results for Q1 2024?
Who is the new President and CEO of Equinix?
What legal challenges is Equinix currently facing?
What is Equinix's commitment to transparency?
