Equinix (NASDAQ:EQIX) climbed roughly 10% in extended trading, nearing $954, after the data center operator issued a 2026 revenue forecast that topped Wall Street expectations, supported by sustained demand for AI-driven infrastructure.
The company projected full-year 2026 revenue in a range of $10.12 billion to $10.22 billion, ahead of the $10.07 billion consensus estimate compiled by LSEG. Equinix also expects adjusted funds from operations per share to grow 10.5% in 2026, well above the 5% growth target outlined at its June 2025 investor day.
Management said 60% of its largest fourth-quarter bookings were tied to artificial intelligence workloads, with close to half of those contracts coming from traditional enterprises rather than major cloud providers. Equinix added that it has already secured 45% of its first-quarter bookings goal, signaling solid carryover momentum into the new year.
BofA described Equinix as its “top data center pick,” highlighting that the company anticipates leasing about half of its 240-megawatt capacity to a hyperscale customer in the first quarter of 2026, with the balance expected to be committed by year-end.
Barclays analysts noted that while some non-recurring revenue has shifted from the fourth quarter of 2025 into 2026, the growth outlook “remains strong and above consensus expectations.”
MoffettNathanson pointed to improving fundamentals, including the prospect of lower financing costs for capital expenditures than previously assumed. Meanwhile, Raymond James acknowledged “solid results” but retained a cautious tone, citing the company’s “multi-year transition to double its size, with significant capex investment in a compressed timeframe.”