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Investing.com -- Equinix, Inc. (NASDAQ:EQIX) reported better-than-expected first-quarter results and raised its full-year guidance, sending shares up 2.4% in after-hours trading.
The digital infrastructure company posted adjusted earnings per share of $3.50, surpassing analyst estimates of $2.95. Revenue for the quarter came in at $2.23 billion, slightly above the consensus of $2.22 billion and up 5% YoY.
Equinix saw strong demand for its digital infrastructure and services, with quarterly revenues increasing 8% YoY on a normalized and constant currency basis, excluding power pass-through impacts.
"We delivered a strong start to the year, exceeding our expectations for both bookings and financial performance," said CEO Adaire Fox-Martin. "Demand for our digital infrastructure and services remains robust."
The company raised its full-year 2025 revenue guidance to $9.175-$9.275 billion, up from its previous forecast of $9.033-$9.133 billion and above analyst expectations of $9.137 billion.
Adjusted EBITDA for Q1 was $1.067 billion, an 8% increase YoY, with a margin of 48%. The company also raised its full-year adjusted EBITDA guidance to $4.471-$4.551 billion.
Equinix continues to expand globally, with 56 major projects underway across 33 metros in 24 countries. The company is seeing strong adoption of its interconnection services and AI-related infrastructure offerings.
For Q2 2025, Equinix expects revenues between $2.244 and $2.264 billion, representing a 1% increase at the midpoint over the previous quarter.
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