EQIX

EquinixNASDAQ · Data Center REITs · Real Estate

Previous close

1,016.16

Change

+9.18 / +0.91%

FinDog View

Neutral

52-Week Range

720.62 – 1,128.68

P/E (TTM)

64.8

Forward P/E

55.0

Based on consensus earnings for the next 12 months

Market Cap

$100B

−7.42%

S&P 500 −2.41% over same period

Volume / Avg Volume

438K / 516K

0.85× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 80.51M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-29	$2.6B	11.78 / 4.82	+3.92%	Pending
FY2026 Q1 Quarter ended 2026-03	2026-04-29	$2.4B	4.20 / 4.44	−0.57%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-11	—	— / —	+10.41%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-29	—	— / —	+4.44%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-30	—	— / —	−1.49%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-30	—	— / —	+0.14%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 0 of its 5-year rangeCheap

5-year range 69.0 – 98.2 · Median 80.5

Last 4 quarters: $0 in buybacks + $2.0B in dividends, 1.95% of market cap combined

P/E (TTM)

64.8

P/B

6.9

P/S

10.1

Dividend Yield

2.14%

Earnings Reaction

Over the last 6 reports, the stock moved ±3.5% on average on the first trading day after, rising 4 times

Most recent +3.92%

Volatility & Correlation

1-year beta 0.46 · Correlation with S&P 500 0.24Low beta

Annualized volatility 25% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 5 · $4.9MNet selling $4.9M

09-04Paladin Michael ShaneChief Customer & Rev OfficerSell$0.32M307 shares · Avg price 1,035.01
09-02Paladin Michael ShaneChief Customer & Rev OfficerSell$0.21M203 shares · 2 trades · Avg price 1,015.71
08-20Pletcher KurtChief Legal OfficerSell$0.15M135 shares · Avg price 1,075.50
08-18PAISLEY CHRISTOPHER BDirectorSell$0.14M125 shares · Avg price 1,103.58
08-03PAISLEY CHRISTOPHER BDirectorSell$4.1M4,000 shares · Avg price 1,019.28

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	2.63	+16.4%	53.1%	0.67	0.48	1.07	4.83
FY2026 Q1	2.44	+9.8%	51.5%	0.58	0.42	0.72	4.20
FY2025 Q4	2.42	+7.0%	50.5%	0.42	0.27	1.14	2.70
FY2025 Q3	2.32	+5.2%	50.7%	0.47	0.37	1.01	3.81
FY2025 Q2	2.26	+4.5%	52.0%	0.49	0.37	0.94	3.75
FY2025 Q1	2.23	+4.6%	51.3%	0.46	0.34	0.81	3.50
FY2024 Q4	2.26	+20.1%	47.1%	0.10	-0.01	0.98	-0.19
FY2024 Q3	2.20	+6.8%	50.1%	0.43	0.30	0.76	3.10
FY2024 Q2	2.16	+6.9%	49.9%	0.44	0.30	0.91	3.16
FY2024 Q1	2.13	−4.4%	48.7%	0.36	0.23	0.60	2.43
FY2023 Q4	1.88	+0.7%	42.0%	0.35	0.23	1.00	2.40
FY2023 Q3	2.06	+12.0%	48.1%	0.38	0.28	0.79	2.93

Peers

Largest by market cap in the sector · Latest quarterView Real Estate sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
EQIX	Equinix	$100B	64.8	+16.4%	53.1%	−7.42%	Neutral
WELL	Welltower	$170B	109.5	+49.1%	26.1%	−0.34%	Neutral	Compare
PLD	Prologis	$130B	31.2	+7.4%	—	−4.89%	Neutral	Compare
AMT	American Tower	$82.2B	24.4	−13.4%	—	+2.42%	Neutral	Compare
DLR	Digital Realty	$67.2B	82.6	+16.2%	—	−8.51%	Neutral	Compare
SPG	Simon Property Group	$65.7B	14.3	+19.5%	—	−8.45%	Neutral	Compare
O	Realty Income	$54.1B	43.8	+9.7%	—	−8.41%	Neutral	Compare
PSA	Public Storage	$55.1B	27.1	+2.6%	—	−9.14%	Neutral	Compare
VTR	Ventas	$45.4B	175.7	+21.7%	—	−3.25%	Neutral	Compare

The View in One Line

FY2026 Q2 revenue of $2.63 billion and gross margin of 53.1% are decent, but down 7.42% over the past month; mixed signals; lean Neutral.

Updated 2026-09-16

Notable Institutional Holders

Coatue Management$1.3BAdded +17%
Elliott Management · Paul Singer$156MUnchanged 0%
Citadel Advisors · Ken Griffin$155MReduced −59%
Bridgewater Associates · Ray Dalio$10.4MReduced −60%
Renaissance Technologies$588,144
Duquesne Family Office · Stanley Druckenmiller$19,232

As of 2026-06-30

Key Events

08-06Capital Actions
Equinix Issues $3 Billion of Senior Notes
On August 6, 2026, Equinix and its subsidiaries issued senior notes due 2029, 2031, 2033 and 2036 with an aggregate principal amount of $3 billion.Source ↗
07-29Capital Actions
Equinix Signs $5.5 Billion Revolving Credit Agreement
On July 27, 2026, Equinix entered into a $5.5 billion senior unsecured multicurrency revolving credit agreement maturing July 25, 2031.Source ↗
07-14Management Change
Chief Commercial Officer Jon Lin to Depart July 18
Equinix chief commercial officer Jon Lin will leave on July 18, 2026; the company has a transition plan in place and plans to appoint a new chief product officer soon.Source ↗
05-15Governance
Equinix Annual Shareholder Meeting Approves Director Elections and Other Proposals
At the May 13, 2026 shareholder meeting, 10 directors were elected, executive compensation was approved, PwC was reappointed, and a special meeting threshold proposal was considered.Source ↗
05-11Management Change
Chief Accounting Officer Simon Miller to Retire at End of July
Equinix Chief Accounting Officer and principal accounting officer Simon Miller notified the company on May 5, 2026 that he will retire on July 31, 2026, and will continue to serve until then.Source ↗
05-07Capital Actions
Equinix Canadian Subsidiary Issues C$1.25 Billion of Senior Notes
On May 7, 2026, a wholly owned Equinix subsidiary issued C$650 million of 3.950% senior notes due 2030 and C$600 million of 4.750% senior notes due 2035, guaranteed by Equinix.Source ↗

Key Financial Trends

Quarterly Revenue ($B)2.6

Gross Margin53.1%

Free Cash Flow ($B)1.1