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Mar 31, 2020
Equinix Q1 2020 Earnings Report
Equinix reported first quarter results, delivering consecutive revenue and interconnection growth.
Key Takeaways
Equinix reported Q1 2020 results with a 6% increase in revenues compared to the same quarter last year, reaching $1.445 billion. The company experienced strong bookings, driven by diverse customer demand and robust interconnection growth.
Revenues reached $1.445 billion, a 2% increase over the previous quarter.
Operating Income was $253 million, a 19% decrease from the previous quarter.
Net Income attributable to Equinix was $119 million, a 5% decrease from the previous quarter.
AFFO reached $535 million, a 13% increase over the previous quarter.
Equinix
Equinix
Equinix Revenue by Segment
Equinix Revenue by Geographic Location
Revenue by Segment
Colocation Revenue
CapyFin.comInterconnection Revenue
CapyFin.comManaged Infrastructure Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.com Forward Guidance
Equinix widened quarterly total revenues and adjusted EBITDA guidance ranges to account for the possible net financial impact associated with COVID-19. For the second quarter of 2020, the Company expects revenues to range between $1.446 and $1.466 billion, an increase of 0 - 2% quarter-over-quarter, or a normalized and constant currency increase of approximately 1 - 2%.
Positive Outlook
- Revenues are expected to range between $1.446 and $1.466 billion for Q2 2020.
- Adjusted EBITDA is expected to range between $679 and $699 million for Q2 2020.
- Full-year total revenues are expected to range between $5.877 and $5.985 billion.
- Adjusted EBITDA is expected to range between $2.765 and $2.845 billion for the full year 2020.
- AFFO is expected to range between $2.043 and $2.133 billion for the full year 2020.
Challenges Ahead
- Q2 2020 guidance includes a negative foreign currency impact of $17 million.
- Q2 2020 adjusted EBITDA includes a negative foreign currency impact of $7 million.
- Q2 2020 adjusted EBITDA includes $8 million of integration costs from acquisitions.
- Full-year guidance includes a negative foreign currency impact of $105 million.
- Full-year adjusted EBITDA includes a negative foreign currency impact of $48 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income