Equinix (EQIX)
Real Estate · Global Multi-Tenant Data Centers and Digital Interconnection
Global digital infrastructure company connecting enterprises, clouds, and networks through 280+ data centers with interconnection ecosystems enabling AI and hybrid-cloud innovation.
What Equinix does
Equinix is the world's digital infrastructure company operating as a network-neutral multi-tenant data center (MTDC) provider with a global footprint of 280+ IBX and xScale data centers across 77 markets in 36 countries. The company provides premium data center colocation, physical and virtual interconnection and data exchange solutions, edge solutions for deploying networking and security, and professional services. Equinix operates a critical ecosystem connecting over 10,500 customers including 2,000+ network service providers, 500,000+ interconnections, and leading cloud on-ramps to enable enterprises to implement AI applications and hybrid multi-cloud architectures at scale.
Themes: ["AI infrastructure","data center colocation","digital interconnection","hybrid cloud","network-neutral ecosystem","metro edge computing","enterprise IT outsourcing","AI adoption enablement","digital infrastructure platform","global connectivity"]
Fundamentals
- Price$1,034.87 as of 2026-07-09 close
- Market cap$101.8B as of 2026-07-10
- 1-year return+32.4% as of 2026-07-09 close
- P/E71.59 as of 2026-07-10
- Net margin+15.1% as of 2026-07-10
- Gross margin+51.1% as of 2026-07-10
- ROE+10.0% as of 2026-07-10
- Debt / equity1.53 as of 2026-07-10
- Revenue growth (YoY)+6.7% as of 2026-07-10
- Revenue CAGR (3y)+8.3% SEC XBRL
- Beta0.99 as of 2026-07-10
Dividend: yield +2.0%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Intense competition from hyperscale cloud providers (AWS, Azure, Google Cloud) who own their own data centers and from fragmented global MTDC market with increasing consolidation","Capital intensity of data center operations and xScale investments requiring sustained high capex and potential refinancing risks in high-rate environments","Customer concentration and dependency on sustained demand for colocation and interconnection services as enterprises may shift cloud strategies or build proprietary infrastructure"]
Competitors & peers
- Digital Realty (DLR)
- CoreWeave
- AWS (Amazon data center services)
- Microsoft Azure (data center services)
- Google Cloud (data center services)
- CyrusOne
- QTS Realty Trust
- Zenlayer
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.