Equinix Q2 2022 Earnings Report
Key Takeaways
Equinix reported strong Q2 2022 results, with revenues of $1.8 billion, a 10% increase year-over-year. The company achieved record quarterly gross and net bookings, driven by the Americas and EMEA regions, and exceeded 435,000 interconnections.
Quarterly revenues increased 10% year-over-year to $1.8 billion.
Record quarterly gross and net bookings were achieved, led by the Americas and EMEA regions.
Channel bookings in Q2 accounted for more than 35% of total bookings.
Over 435,000 interconnections were exceeded, highlighting the company's role in digital infrastructure.
Equinix
Equinix
Equinix Revenue by Geographic Location
Forward Guidance
For the third quarter of 2022, the Company expects revenues to range between $1.827 and $1.847 billion. Adjusted EBITDA is expected to range between $831 and $851 million.
Positive Outlook
- Revenues are expected to range between $1.827 and $1.847 billion.
- Expected revenue represents a 1 - 2% increase over the prior quarter.
- Adjusted EBITDA is expected to range between $831 and $851 million.
- Full-year revenue is expected to increase 9-10% over the previous year.
- AFFO is expected to increase 8-9% over the previous year.
Challenges Ahead
- Revenue guidance includes a negative $12 million foreign currency impact.
- Adjusted EBITDA includes a negative $5 million foreign currency impact.
- The company expects to incur $30 million in integration costs related to acquisitions.
- The U.S. dollar exchange rates used for 2022 guidance have been updated.
- Total capital expenditures are expected to range between $2.313 and $2.563 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income