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Sep 30, 2023
Equinix Q3 2023 Earnings Report
Delivered quarterly revenues greater than $2 billion.
Key Takeaways
Equinix reported solid Q3 2023 results, with revenues increasing by 12% year-over-year to $2.06 billion. The company saw a rise in both dividend and AFFO/share outlook for the full year, driven by enterprise customers and emerging service providers integrating AI into their strategies.
Quarterly revenues increased 12% over the same quarter last year to $2.1 billion, or 14% on a normalized and constant currency basis.
Closed 4,200 deals in Q3 across more than 3,100 customers, including record new logos from high-propensity, targeted customers
Channel bookings accounted for over 65% of new logos with wins focused on digital transformation initiatives
Increased quarterly cash dividend by 25% to $4.26 per share on its common stock due to continued strong operating performance
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2023, the Company expects revenues to range between $2.088 and $2.128 billion, an increase of approximately 1 - 3% over the previous quarter, or a normalized and constant currency increase of 3 - 4%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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