These were the reasons given by company CEO Adaire Fox-Martin on Wednesday, which coincide with the company heavily expanding its business with AI cloud providers.
It now expects fiscal 2025 revenue to sit between US$9.21 billion and $9.33 billion, which is down from its earlier estimation of annual sales between $9.23 billion and $9.33 billion.
Fox-Martin told Reuters that Equinix is in discussions to lease the entirety of one of its campuses to a client but has faced delays in reaching the agreement.
“There may be an element of timing risk associated with that transaction,” she said. “That is why we have amended our guide, in case that transaction was to slip into the first month of next year.”
Although one of the largest data centre operators in the world, Equinix remains reliant on its enterprise clients – which can be uncertain in the current economic landscape.
According to LSEG, Equinix missed analyst revenue estimates and reported a third-quarter revenue of $2.32 billion instead of $2.33 billion.
Announcing these results yesterday, Equinix views the performance as strong and a clear signal of accelerating momentum into 2026. In Q3 alone, the company closed more than 4,400 delas with more than 3,400 customers and has 58 projects currently underway.
One of the company’s Q3 highlights was entering a new data centre market in Chennai, India, investing $69 million to support local and global businesses in the rapidly-growing digital economy.
“We continue to serve the significant and sustained demand for our differentiated infrastructure and interconnection capabilities in support of our customers’ AI and non-AI workloads,” Fox-Martin said in the company’s statement.
“We were built and continue to build for this opportunity, increasing our top-line revenue growth, improving profitability and scaling our metro-proximate capacity.”
LSEG currently puts fourth-quarter revenue between $2.41 billion and $2.53 billion.
The news came shortly before Equinix announced a landmark investment into UK critical national infrastructure, which you can read about HERE.
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