CIBC Sticks to Its Buy Rating for Equinix (EQIX)

Equinix reported record annualized gross bookings of $533m, up 35 percent. CEO Adaire Fox-Martin highlighted double-digit growth in key metrics and raised full-year guidance. The company expects to deliver over 13,000 cabinets in Q4, with 20 percent presold. CFO Olivier Leonetti noted 1.7 percent customer churn and 12 percent year-over-year pricing increases.

Equinix reported Q3 revenue of $2.57B and FFO of $858M, with record $533M in annualized gross bookings, up 35% YoY. The company raised its 2026 revenue forecast to $10.33B-$10.37B. CEO Adaire Fox-Martin noted capacity constraints and strong pricing power due to high demand, particularly from AI and cloud services. Over 13,000 cabinets are expected in Q4, with 20% pre-sold.

Equinix invested $215M in a new data center in Elk Grove Village, Illinois, its sixth in the region. The facility will create 50 permanent jobs and offer 190,000 sq ft of colocation space. The company also supports local sustainability initiatives and veterans' cemetery restoration, with commitments to technology career pathways and community growth.

Mizuho maintained an Outperform rating and $1,275 price target for Equinix (EQIX) after its Q4 results. EQIX reported adjusted funds from operations of $11.64 per share, exceeding estimates by 10% and growing 18% year-over-year. The company raised its 2026 guidance by 2% and saw record bookings. EQIX's stock has returned 33.5% year-to-date, trading at a P/E ratio of 64.4.

Raymond James maintained a Strong Buy rating and $1,250 price target for Equinix (EQIX) after its Q3 2026 results. The stock is up 34% YTD, though InvestingPro suggests it's overvalued. Equinix raised guidance, increased pricing, and reported adjusted EPS of $4.93, beating estimates by 19.66%. Revenue was $2.57B, slightly above forecasts.

Equinix reported Q3 revenue of $2.571B, up 11% YoY, and raised full-year growth expectations to 12%. Adjusted EBITDA rose 15% to $1.321B, with FY26 guidance between $5.29B-$5.33B.