Equinix shares fell 3% on Wednesday as a soft third-quarter forecast overshadowed a raised full-year and long-term outlook. The company expects revenue of $2.53 billion to $2.58 billion for the third quarter, below analysts’ estimate of $2.58 billion.
Financial Outlook
Equinix raised its forecast for 2026 revenue to a range of $10.21 to $10.29 billion, from $10.14 billion to $10.24 billion. The company also raised its full-year adjusted funds from operations forecast to $42.69 to $43.29 per share from $42.31 to $43.11 per share.
Equinix, which operates 281 data centres across the world, reported second-quarter revenue of $2.63 billion, above analysts’ estimate of $2.58 billion. The company said customer demand remains broad-based and growing, and that it is well positioned to meet the networking, cloud and AI infrastructure needs of enterprises globally.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
