NASDAQ$EQIX
Equinix Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Equinix reported first quarter results, delivering consecutive revenue and interconnection growth.
Equinix reported Q1 2020 results with a 6% increase in revenues compared to the same quarter last year, reaching $1.445 billion. The company experienced strong bookings, driven by diverse customer demand and robust interconnection growth.
- Revenues reached $1.445 billion, a 2% increase over the previous quarter.
- Operating Income was $253 million, a 19% decrease from the previous quarter.
- Net Income attributable to Equinix was $119 million, a 5% decrease from the previous quarter.
- AFFO reached $535 million, a 13% increase over the previous quarter.
Headline financials
Revenue & EPS history
Equinix · Revenue · Quarterly
$1.44B
Revenue by segment
Equinix · $1.36B total across 4 segments · Q1 2020
- Colocation$1.03B—76.0%
- Interconnection$242M—17.8%
- Managed Infrastructure$77.5M—5.7%
- Other$7.69M—0.6%
Forward guidance
Equinix widened quarterly total revenues and adjusted EBITDA guidance ranges to account for the possible net financial impact associated with COVID-19. For the second quarter of 2020, the Company expects revenues to range between $1.446 and $1.466 billion, an increase of 0 - 2% quarter-over-quarter, or a normalized and constant currency increase of approximately 1 - 2%.
Tailwinds
- Revenues are expected to range between $1.446 and $1.466 billion for Q2 2020.
- Adjusted EBITDA is expected to range between $679 and $699 million for Q2 2020.
- Full-year total revenues are expected to range between $5.877 and $5.985 billion.
- Adjusted EBITDA is expected to range between $2.765 and $2.845 billion for the full year 2020.
- AFFO is expected to range between $2.043 and $2.133 billion for the full year 2020.
Headwinds
- Q2 2020 guidance includes a negative foreign currency impact of $17 million.
- Q2 2020 adjusted EBITDA includes a negative foreign currency impact of $7 million.
- Q2 2020 adjusted EBITDA includes $8 million of integration costs from acquisitions.
- Full-year guidance includes a negative foreign currency impact of $105 million.
- Full-year adjusted EBITDA includes a negative foreign currency impact of $48 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.6%
Avg return
30 days after
57%
39 / 69 earnings
Positive
+14.6%
Q1 2012
Best reaction
-6.6%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -1.0% | -2.0% | |
| Q4 2025 | +10.4% | +9.7% | +11.8% | |
| Q3 2025 | +4.6% | +4.0% | -5.6% | |
| Q2 2025 | -1.5% | -2.3% | -1.4% | |
| Q1 2025 | +0.1% | +1.7% | +3.3% | |
| Q4 2024 | -1.3% | -0.4% | -10.4% | |
| Q3 2024 | +0.2% | -1.1% | +8.3% | |
| Q2 2024 | +3.2% | +4.4% | +4.3% | |
| Q1 2024 | +8.5% | +9.1% | +5.8% | |
| Q4 2023 | +5.1% | +2.8% | +2.1% | |
| Q3 2023 | +2.2% | +1.6% | +12.9% | |
| Q2 2023 | -5.7% | -3.8% | -3.4% | |
| Q1 2023 | +3.7% | +5.3% | +7.7% | |
| Q4 2022 | -0.9% | -1.6% | -5.2% | |
| Q3 2022 | +5.6% | +9.4% | +24.7% | |
| Q2 2022 | +10.8% | +8.2% | +4.5% | |
| Q1 2022 | +2.3% | -5.0% | -6.2% | |
| Q4 2021 | +2.7% | +2.9% | +8.7% | |
| Q3 2021 | -4.0% | -6.0% | -5.1% | |
| Q2 2021 | -6.6% | -2.7% | -2.0% | |
| Q1 2021 | -1.1% | -0.4% | +3.2% | |
| Q4 2020 | -4.4% | -5.4% | -11.0% | |
| Q3 2020 | -4.2% | -4.5% | -9.4% | |
| Q2 2020 | +3.4% | +3.5% | +4.6% | |
| Q1 2020 | -1.6% | -1.2% | -1.9% | |
| Q4 2019 | +3.6% | +5.7% | +1.2% | |
| Q3 2019 | -0.1% | -4.3% | -0.1% | |
| Q2 2019 | +4.8% | +2.8% | +11.5% | |
| Q1 2019 | +2.3% | +5.2% | +6.8% | |
| Q4 2018 | +5.8% | +6.0% | +11.1% | |
| Q3 2018 | +3.6% | +4.6% | +1.7% | |
| Q2 2018 | -0.6% | -1.6% | -3.8% | |
| Q1 2018 | -5.9% | -6.8% | -5.6% | |
| Q4 2017 | -6.6% | -7.6% | -3.8% | |
| Q3 2017 | +5.4% | +6.1% | +1.2% | |
| Q2 2017 | -0.8% | -2.0% | +2.8% | |
| Q1 2017 | +1.1% | +3.4% | +8.5% | |
| Q4 2016 | -2.5% | -2.2% | -1.8% | |
| Q3 2016 | -2.6% | +0.7% | -4.9% | |
| Q2 2016 | -0.6% | -2.5% | -0.5% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | +3.9% | — | — | |
| Q4 2014 | +2.8% | — | — | |
| Q3 2014 | +7.4% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +4.2% | — | — | |
| Q2 2013 | -4.9% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q4 2012 | +5.3% | — | — | |
| Q3 2012 | +5.2% | — | — | |
| Q2 2012 | +12.5% | — | — | |
| Q1 2012 | +14.6% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q3 2009 | +0.0% | — | — | |
| Q2 2010 | -0.0% | — | — | |
| Q4 2009 | -0.0% | — | — | |
| Q2 2009 | -0.0% | — | — |
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