NASDAQ$EQIX
Equinix Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Equinix demonstrated revenue growth for 75th consecutive quarter, driven by digitization of business models.
Equinix reported a 10% increase in quarterly revenues compared to the same quarter last year, reaching $1.675 billion. Net income attributable to Equinix was $152 million, a 123% increase over the previous quarter. The company closed the GPX India acquisition and expanded its xScale program with a new joint venture in Australia.
- Revenues increased 10% year over year to $1.675 billion.
- Record channel bookings accounted for more than 35% of total bookings.
- Interconnection revenues continued to outpace colocation revenues.
- Closed the GPX India acquisition and expanded xScale program.
Headline financials
Revenue & EPS history
Equinix · Revenue · Quarterly
$1.68B
Revenue by segment
Equinix · $1.56B total across 4 segments · Q3 2021
- Colocation$1.16B+7.9%74.5%
- Interconnection$291M+11.6%18.6%
- Managed Infrastructure$96.3M+17.1%6.2%
- Other$12M+16.2%0.8%
Forward guidance
For the fourth quarter of 2021, the Company expects revenues to range between $1.685 and $1.705 billion and Adjusted EBITDA is expected to range between $762 and $782 million.
Tailwinds
- Revenues are expected to range between $1.685 and $1.705 billion.
- Revenue is expected to increase 1 - 2% compared to the prior quarter
- Expects the largest ever normalized step-up in recurring revenues in Q4
- Adjusted EBITDA is expected to range between $762 and $782 million.
- Recurring capital expenditures are expected to range between $75 and $85 million.
Headwinds
- Includes a $5 million negative foreign currency impact when compared to the average FX rates in Q3 2021.
- Expects a sequential decrease of non-recurring revenues by approximately $12 million.
- Adjusted EBITDA includes a $2 million negative foreign currency impact when compared to the average FX rates in Q3 2021
- Adjusted EBITDA includes $7 million of integration costs from acquisitions.
- Full impact of the COVID-19 pandemic on the company's financial condition or results of operations remains uncertain
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 Q3 2021
+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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