Every material Form 8-K Equinix has filed with the SEC since April 30, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Equinix reported third-quarter 2026 revenues of $2.571 billion and net income of $489 million, alongside record annualized gross bookings of $533 million. Driven by robust demand for traditional and AI workloads, the company raised its full-year 2026 guidance for the third consecutive quarter, signaling continued momentum for shareholders.
Q3 2026 revenues reached $2.571 billion, representing an 11% increase year over year.
Delivered record annualized gross bookings of $533 million, up 35% year over year.
Raised full-year 2026 revenue guidance to between $10.325 and $10.365 billion.
Reported Q3 net income attributable to common stockholders of $489 million, or $4.93 per diluted share.
Equinix entered a $5.5 billion senior unsecured revolving credit facility on July 27, 2026, maturing July 25, 2031, and used the agreement's proceeds to repay and terminate its 2022 credit agreement. The filing says the new facility can fund working capital, capital expenditures, acquisitions, dividends, stock buybacks and other general corporate purposes, and it includes a financial covenant capping net funded debt at 6.50 times adjusted EBITDA.
Facility size: $5.5 billion senior unsecured multi-currency revolving credit, with a $1.5 billion sublimit for standby letters of credit and bank guarantees
Maturity: July 25, 2031; the 2022 Credit Agreement was repaid in full and terminated on July 27, 2026
Pricing at closing: 77.5 basis points margin for non-base-rate borrowings; facility fee of 7.0 to 20.0 basis points on total commitments
Covenant: net funded debt to adjusted EBITDA of no greater than 6.50 to 1.00, temporarily up to 7.00 to 1.00 after certain material acquisitions
Equinix reported second-quarter 2026 revenue of $2.625 billion, up 16% from a year earlier, and diluted earnings per share of $4.83, up 29%. The company raised its full-year 2026 revenue and AFFO per share guidance, and the filing says part of the revenue growth came from one-time xScale fees.
Q2 revenue of $2.625 billion rose 16% year over year; the filing says this was driven by strong underlying performance and one-time xScale fees.
Diluted EPS was $4.83, up 29%, and net income attributable to common stockholders was $479 million, up 30%.
Revised full-year 2026 revenue guidance is $10.205 billion to $10.285 billion, up from $10.144 billion to $10.244 billion; AFFO per share guidance is $42.69 to $43.29, up from $42.31 to $43.11.
Q2 AFFO was $1.168 billion, or $11.78 per diluted share, up 19% on an as-reported basis.
Equinix said Chief Business Officer Jon Lin will separate from the company effective July 18, 2026, and that he will receive severance payments and benefits under the Executive Severance Plan, subject to a release of claims. The company has spread his responsibilities across its existing senior leadership and expects to announce a new Chief Product Officer soon.
Jon Lin, Chief Business Officer, separates from Equinix effective July 18, 2026
Severance payments and benefits under the Executive Severance Plan, subject to a release of claims
Responsibilities distributed across existing senior leadership team under a transition plan
New Chief Product Officer announcement expected in the near future
Equinix said Chief Accounting Officer and Principal Accounting Officer Simon Miller plans to retire, effective July 31, 2026, and will serve in both roles until that date. The filing states the retirement is not due to any disagreement with the company on financial statements, internal control, operations, policies or practices.
Simon Miller notified Equinix of his planned retirement on May 5, 2026.
Retirement is effective July 31, 2026; he remains CAO and PAO until then.
The filing states no disagreement with the company on financial statements, internal controls, operations, policies or practices.
Equinix reported first-quarter 2026 revenue of $2.444 billion, up 10% from a year earlier, with net income of $415 million and diluted EPS of $4.20, up 20%. The company raised its full-year 2026 guidance, including revenue of $10.144 to $10.244 billion and AFFO per share of $42.31 to $43.11, which shareholders can compare with the prior ranges.
Q1 2026 revenue was $2.444 billion, up 10% as reported and 8% on a normalized, constant-currency basis.
Q1 net income attributable to common stockholders was $415 million, up 21%, and diluted EPS was $4.20, up 20%.
Q1 AFFO per diluted share was $10.79, up 12%; adjusted EBITDA was $1.245 billion at a 51% margin.
Full-year 2026 AFFO per share guidance was raised to $42.31 to $43.11 from $41.93 to $42.74; Q2 2026 revenue guidance is $2.571 to $2.611 billion.
Equinix appointed Olivier Leonetti, former CFO of Eaton, as its new Chief Financial Officer, effective March 16, 2026, succeeding Keith Taylor, who is retiring. Taylor will remain as a special advisor for approximately one year to support the transition. The filing sets out a compensation package for Leonetti, including a $700,000 base salary and a $10 million fiscal 2026 equity grant.
Leonetti starts as CFO on March 16, 2026, succeeding Keith Taylor, who joined Equinix in 1999 and is retiring
Compensation includes a $700,000 base salary, a 100% target bonus, a $10 million fiscal 2026 equity award and a $5 million sign-on equity award
Leonetti received a $200,000 cash sign-on bonus, repayable if he leaves without Good Reason or is terminated for Cause within one year
Leonetti previously served as CFO of Eaton from February 2024 to March 2026 and Johnson Controls from September 2020 to January 2024
Equinix said Chief Sales Officer Mike Campbell will retire from that role effective March 31, 2026, and will then serve as a part-time Special Advisor through March 5, 2027. The change is a planned executive transition, and the filing does not indicate any financial results or guidance impact.
Campbell retires as Chief Sales Officer effective March 31, 2026
Transition Agreement signed February 16, 2026; Special Advisor role runs through March 5, 2027
Special Advisor base salary of $150,000 per year; no bonus eligibility after March 31, 2026
Previously granted equity awards continue to vest during the Transition Period
Equinix's Compensation Committee adopted an Executive Severance Plan covering executive officers other than the CEO, and amended CEO Adaire Fox-Martin's severance agreement to better align it with the plan. The filing also describes a 2026 annual incentive plan that pays bonuses in fully vested restricted stock units for executive officers, which the company says lets it retain more cash.
Severance Plan adopted February 6, 2026; a Change in Control Termination pays a lump sum of two times base salary plus target bonus, versus 12 months of salary and target bonus otherwise.
CEO Adaire Fox-Martin's amended agreement, dated February 6, 2026, eliminates the three-year term and adds 12 months of continued equity vesting.
2026 Global Annual Incentive Plan sets target bonuses at 100% to 200% of base salary, with executive awards capped at 132% of target and weighted 50% on revenue and 50% on AFFO per share.
Equinix reported fourth-quarter 2025 revenue of $2.420 billion, up from $2.261 billion a year earlier, and net income attributable to common stockholders of $265 million, compared with a $14 million loss in the same quarter of 2024. The company also gave 2026 guidance for revenue of $10.123 billion to $10.223 billion and increased its quarterly dividend by 10% to $5.16 per share, which shareholders would receive.
Q4 2025 revenue of $2.420 billion vs. $2.261 billion a year earlier; full-year 2025 revenue of $9.217 billion, up 5%
Q4 2025 diluted EPS of $2.69 vs. a $(0.14) loss a year earlier; full-year 2025 diluted EPS of $13.76
2026 guidance: revenue of $10.123 to $10.223 billion and AFFO per share of $41.93 to $42.74
Quarterly cash dividend increased 10% to $5.16 per share, the 11th consecutive year of dividend growth
Equinix said Chief Financial Officer Keith Taylor intends to retire in 2026 after 27 years with the company. He will stay as CFO until a successor is appointed, then serve as a part-time Special Advisor through March 1, 2027, and the company is considering internal and external candidates.
Taylor joined Equinix in 1999 and will remain CFO until a successor is appointed.
Transition Agreement dated December 2, 2025 sets his Special Advisor salary at $48,000 per year for about 20 hours per week.
He will not earn a bonus for any plan year after 2025, but previously granted equity awards continue to vest.
Equinix elected Rebecca Kujawa, former President and CEO of NextEra Energy Resources, as an independent director effective November 3, 2025, bringing the board to 10 members. She will sit on the Audit Committee and receive the standard non-employee director compensation.
Rebecca Kujawa elected as independent director effective November 3, 2025
Board now consists of 10 members; Kujawa will serve on the Audit Committee
Kujawa previously served as President and CEO of NextEra Energy Resources and as Chairperson of Nuclear Electric Insurers Limited
Equinix says the appointment supports securing power capacity for its plan to double its existing footprint in the next five years
Equinix reported third-quarter 2025 revenue of $2.316 billion, up 5% from a year earlier, with net income attributable to common stockholders of $374 million, up 26%, and diluted EPS of $3.81, up 23%. The company raised its full-year AFFO and adjusted EBITDA guidance and reported record annualized gross bookings of $394 million, though free cash flow was negative $970 million for the first nine months of 2025.
Q3 2025 revenue $2.316 billion, up 5% year over year; adjusted EBITDA $1.148 billion, up 10% as reported
Q3 2025 net income $374 million; diluted EPS $3.81 versus $3.10 a year earlier
Full-year 2025 AFFO guidance revised to $3.731 to $3.811 billion, including an underlying raise of $31 million
Nine-month free cash flow was negative $970 million versus negative $493 million a year earlier
Equinix elected Dr. Yanbing Li, Chief Product Officer at Datadog, as an independent director effective August 12, 2025, bringing the Board to 9 members. She will serve on the Talent, Culture and Compensation Committee and receive the standard non-employee director compensation.
Dr. Yanbing Li elected as independent director effective August 12, 2025
Board now consists of 9 members
Li will serve on the Talent, Culture and Compensation Committee
Li is Chief Product Officer at Datadog; previously held roles at Aurora and Google
Equinix reported second-quarter 2025 revenue of $2.256 billion, up 4% from a year earlier, with net income attributable to common stockholders of $368 million and diluted earnings per share of $3.75, up 19%. The company raised its full-year 2025 guidance for revenue, adjusted EBITDA and AFFO, which gives shareholders a higher outlook for the year.
Q2 2025 revenue $2.256 billion, up 4% as reported; operating income $494 million
Net income attributable to common stockholders $368 million, up 22%; diluted EPS $3.75, up 19%
2025 revenue guidance raised to $9.233 to $9.333 billion; adjusted EBITDA guidance raised to $4.517 to $4.597 billion
Q3 2025 revenue guidance set at $2.314 to $2.334 billion
Equinix reported first-quarter 2025 revenue of $2.225 billion, up 5% from a year earlier as reported, and net income attributable to common stockholders of $343 million, up 48%. The company raised its full-year 2025 guidance, with revenue now expected at $9.175 to $9.275 billion, and the filing attributes $135 million of the $142 million revenue increase to foreign currency benefits.
Q1 2025 revenue $2.225 billion (up 5% as reported); operating income $458 million (up 26%)
Net income per share $3.50 (up 44%); AFFO per share $9.67 (up 9%)
Adjusted EBITDA $1.067 billion, above the top end of guidance; full-year revenue guidance raised $142 million to $9.175-$9.275 billion
Full-year AFFO per share guidance raised $0.67 to $37.36-$38.17; Q2 2025 revenue guidance $2.244-$2.264 billion
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Equinix filing is on SEC EDGAR ↗. 8-K briefs of other companies →