Equinix Q3 2025 revenue rises 5% to $2.316 billion; net income up 26%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.