Company Dossier · Real Estate
Equinix
- S&P 500
- Russell 1000
What Equinix is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $9.81 billion, up 9.7% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to March 31, 2026: −$1.00 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to March 31, 2026: $4.82 billion, up 55% from a year earlier.SEC EDGAR filings (XBRL)
- Long-term debt issued in the fiscal year to December 31, 2025: $4.31 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 29, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Guidance in the last 90 days: 3 outlook figures raised, 0 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 11, 2026): 0 risk factors added, 1 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $4.9 million on the open market.SEC Form 4
- 1,369 institutional managers reported a position at June 30, 2026 (+71 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 47 (60 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Equinix is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Confident
Expanding ↔ Retrenching
Steady
- Capital spending—
- Debt raised74th pct
- Buybacks vs capex—
- Hiring filings22nd pct
- Deals and private raises47th pct
- Patent publications36th pct
Confident ↔ Hedging
Confident
- Call sentiment83rd pct
- Call confidence86th pct
- Guidance changes91st pct
- Risk factors added83rd pct
- Insider open-market trades42nd pct
- + Guidance changes
- + Call sentiment
- + Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver16th pct
- Stress filings50th pct
Credit
How these are built →Equinix's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$2.3B
- Due within a year $0.2B
- Longer term $2.1B
- Default point $1.2B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$5.8B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Jul 30, 2026 | $850M | 5.250% | — | +95bp | 5.335% |
| Jul 30, 2026 | $650M | 5.800% | — | +120bp | 5.865% |
| Jul 30, 2026 | $650M | 5.500% | — | +110bp | 5.619% |
| Jul 30, 2026 | $850M | 5.000% | — | +75bp | 5.045% |
| Apr 30, 2026 | C$600M | 4.750% | — | +125bp | 4.756% |
| Apr 30, 2026 | C$650M | 3.950% | — | +86bp | 3.987% |
| Feb 19, 2026 | $700M | 4.400% | — | +85bp | 4.497% |
| Feb 19, 2026 | $800M | 4.700% | — | +95bp | 4.795% |
| Nov 17, 2025 | C$700M | 4.000% | — | +109bp | 4.136% |
| Nov 5, 2025 | $1.25B | 4.600% | — | +85bp | 4.615% |
| May 12, 2025 | €750M | 4.000% | — | +151bp | 4.077% |
| May 12, 2025 | €750M | 3.250% | — | +118bp | 3.286% |
From the pricing term sheets Equinix filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (MONUMENT ADVOCACY)third_quarter 2026 · $0.1 million
- Oct 16, 2026LobbyingLobbying report (BALLARD PARTNERS)third_quarter 2026 · $0.1 million
- Oct 15, 2026LobbyingLobbying report (EQUINIX, INC.)third_quarter 2026 · $0.4 million
- Sep 29, 2026Patent
- Sep 22, 2026Patent
- Sep 15, 2026Patent
- Jul 29, 20268-KMaterial agreement signedItem 1.01
- Jul 29, 20268-KMaterial agreement terminatedItem 1.02
- Jul 20, 2026LobbyingLobbying report (MONUMENT ADVOCACY)second_quarter 2026 · $0.1 million
- Jul 16, 2026LobbyingLobbying report (EQUINIX, INC.)second_quarter 2026 · $0.5 million
- Jul 15, 2026LobbyingLobbying report (BALLARD PARTNERS)second_quarter 2026 · $0.1 million
- Jul 14, 20268-KDirector or officer changeItem 5.02
- Jun 23, 2026Patent
- May 15, 20268-KShareholder vote resultsItem 5.07
- May 12, 2026Patent
- May 11, 20268-KDirector or officer changeItem 5.02
- Apr 20, 2026LobbyingLobbying report (MONUMENT ADVOCACY)first_quarter 2026 · $0.1 million
- Apr 17, 2026LobbyingLobbying report (EQUINIX, INC.)first_quarter 2026 · $0.5 million
- Mar 10, 20268-KDirector or officer changeItem 5.02
- Feb 18, 20268-KDirector or officer changeItem 5.02
- Feb 12, 20268-KDirector or officer changeItem 5.02
- Feb 11, 202610-KAnnual report (10-K)0 risk factors added, 1 removed
- Dec 3, 20258-KDirector or officer changeItem 5.02
- Nov 4, 20258-KDirector or officer changeItem 5.02
- Aug 14, 20258-KDirector or officer changeItem 5.02
- May 27, 20258-KShareholder vote resultsItem 5.07
- Mar 31, 20258-KDirector or officer changeItem 5.02
- Feb 12, 202510-KAnnual report (10-K)1 risk factors added, 1 removed
- Feb 11, 20258-KDirector or officer changeItem 5.02
- Feb 16, 202410-KAnnual report (10-K)1 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Digital Realty DLR | $6.3B | — | Mar 31, 2026 |
| Welltower WELL | $9.4B | — | Mar 31, 2026 |
| Prologis Inc. PLD | $8.9B | — | Mar 31, 2026 |
| Iron Mountain IRM | $7.6B | −$0.5B | Jun 30, 2026 |
| Simon Property Group SPG | $6.9B | $3.2B | Jun 30, 2026 |
| Weyerhaeuser WY | $6.8B | — | Jun 30, 2026 |
| Ventas VTR | $6.4B | — | Jun 30, 2026 |
| Host Hotels & Resorts HST | $6.2B | — | Jun 30, 2026 |