Equinix Inc. (EQIX.O): EQIX 2026 Results Should Set a Positive Tone for Forward Financial Growth; Early Preview

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Equinix Inc. (EQIX.O): EQIX 2026 Results Should Set a Positive Tone for Forward Financial Growth; Early Preview

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29 Jun 2026 00:36:17 ET │ 21 pages

Equinix Inc. (EQIX.O)

EQIX 2Q26 Results Should Set a Positive Tone for Forward Financial

Growth; Early Preview

CITI'S TAKE

We remain positive on Buy-rated EQIX shares as our top-ranked pick as we Buy

believe C2Q26 results should display favorable sales performance and

support better multi-year growth prospects as a beneficiary from ongoing Price (26 Jun 26 16:00) US$1,091.30

growth in both cloud and AI workloads. EQIX could update its multi-year Target price US$1,260.00↑

guidance targets (either on the 2Q or 3Q earnings call) since establishing

from US$1,240.00favorable financial growth targets for 2026 as well as providing encouraging

management commentary on both the 1Q earnings call and at the NAREIT Expected share price 15.5%conference earlier in June. We are incorporating better 2Q26 EBITDA and return

AFFOPS to be slightly above consensus for the quarter on better revenue Expected dividend yield 1.9%flow-through, while we are also increasing our long-term annual growth

expectations to reflect average annual AFFOPS growth through 2029 of 10- Expected total return 17.3%

11%. The model revisions supported an increase in our TP to $1,260. Market Cap US$107,629M

Long-Term Guide — We believe EQIX can update its long-term guidance targets

possibly with 2Q or 3Q results. We expect EQIX to upgrade annual revenue growth

to a range of 8-11% through 2029, retain an upbeat view on margin expansion, and

Price Performanceimprove annual AFFOPS growth to 7-11% with prospects to operate towards the

higher-end of the range. Our revised multi-year forecasts are near the sell-side (RIC: EQIX.O, BB: EQIX US)