Equinix raises 2026 guidance as Q2 bookings hit record levels

Equinix Inc. reported second-quarter results that beat expectations on key operating metrics, with monthly recurring revenue rising 11% from a year earlier and annualized gross bookings reaching the second-highest level on record.

"The strong demand environment for digital infrastructure continues to accelerate, driven by AI adoption and enterprise cloud migration," said Charles Meyers, chief executive officer of Equinix, in a statement. "Our record backlog and interconnection growth position us well for sustained momentum."

MRR reached an undisclosed dollar amount in the quarter ended June 30, growing 11% on both an as-reported and a normalized and constant currency basis year over year. Annualized gross bookings climbed 23% from a year earlier, marking the second-highest volume on record and contributing to a record backlog. The company added a record 9,700 net interconnections during the period, extending its lead in the interconnection market.

Equinix raised its full-year 2026 guidance and long-term outlook, citing stronger demand, elevated bookings, a growing presales pipeline and continued execution across the business. The company did not disclose specific updated revenue or AFFO per share figures in its preliminary release. In the prior quarter, Equinix reported AFFO of $10.79 a share, missing the Zacks Consensus Estimate of $10.89.

The guidance raise signals that management expects AI-driven demand for data center capacity to persist. Investors will watch the earnings call later today for updated segment-level margins and capital expenditure plans, as well as any commentary on the pace of hyperscaler leasing activity.

This article is for informational purposes only and does not constitute investment advice.