Data Centres

Equinix revenues hits $9.2bn amid AI boom

12 February 2026
3 minutes
Equinix achieved US$9.2bn revenue in 2025 and projects 10-11% business growth in 2026, amid record-breaking demand for its AI data centre and interconnection services.

Equinix provided a strong outlook for 2026, which it said is driven by strong fourth-quarter results and continued accelerating business momentum.

Reporting results for the quarter and full year ended 31 December 2025, the data centre giant delivered a revenue of $9.217 billion for the full year in 2025 – a 5% increase on the previous year. It has also increased its Q4 monthly recurring revenue (MRR) by 10% year-over-year and delivered a record 42% increase in record annualised bookings for the quarter, reaching $474 million.

In addition to marking its 11th consecutive year of dividend growth, Equinix celebrated surpassing 500,000 interconnections globally – the most in the industry. It has credited its strong position in the industry to support enterprises in connecting their AI, cloud and network ecosystems.

“Our team executed exceptionally well in Q4, marking a very strong close to a pivotal year for Equinix. Demand for our solutions has never been higher, as demonstrated by accelerated growth in both bookings and recurring revenue, and we are confident in our plan to deliver robust revenue and AFFO per share growth in 2026,” said Adaire Fox-Martin, CEO and president at Equinix.

“Equinix plays an essential role helping businesses connect and manage increasingly distributed AI, cloud and networking infrastructure. This is a source of long-term competitive advantage that positions us well to meet our customers’ greatest needs and create shareholder value.”

For the first quarter of 2026, Equinix expects revenues to range between $2.496 and $2.536, suggesting a 4% increase at the midpoint over the previous quarter. For the full year, the company is predicting a total revenue of between $10.123 and $10.223 billion, roughly 10-11% up from 2025.

Equinix credits its success in 2025 to capitalising on continued strong demand from its customer base. In Q4 alone, the company closed more than 4,500 deals – with approximately 60% of the largest deals driven by AI workloads.

Included in this announcement is Salesforce deepening its partnership with Equinix to build a private network for Data 360, the activation engine inside Salesforce’s data and AI foundation.

“By using Equinix Fabric Cloud Router across 14 countries, Salesforce can privately connect its systems across AWS, Azure, and other clouds – enabling real‑time data analysis and stronger, lower‑latency AI performance,” Equinix said.

The company also delivered record capacity in 2025, reporting 23,250 retail cabinets and more than 90 megawatts (MW) of xScale capacity. It also opened 16 projects in 14 metros globally and added 10 new expansion projects since October 2025. Closing on a number of strategic land acquisitions in 2025 also added approximately one-gigawatt (1GW) to Equinix’s powered land-under-control balance.

Leading announcements from last year included the company’s £3.9 billion investment into UK critical national infrastructure to help boost the country’s economy, which included the sale of the DC01UK data centre in Hertfordshire.

It also announced plans to build a new $22 million data centre in Lagos, Nigeria as part of a wider $100 million pledge to invest in Africa over the next two years.

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23 February 2026

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