Filing Flows › Equinix (EQIX) › Q1 2026
Equinix (EQIX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Equinix (EQIX) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before. Operating margin was 23.6%, net earnings $415M (17.0% of revenue).
Equinix, Q1 2026: revenue $2.4B (+10% year over year), operating margin 23.6%, net earnings $415M, operating cash flow $717M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +1% | +10% |
| Operating profit | $577M | +37% | +26% |
| Net earnings | $415M | +57% | +21% |
| Operating cash flow | $717M | -37% | -11% |
What changed
Revenue was $2.4B in Q1 2026, up 10% year over year and up 1% from the previous quarter. Colocation was the largest line at 71% of revenue. Colocation added $0.18B year over year (up 12%), 84% of the total change. Non-recurring revenues declined 18%.
Operating profit was $0.58B, a 23.6% margin (up 3.0 points year over year). Of the extra revenue versus Q1 2025, 54% reached operating profit, above the 21% margin then. Total costs grew 6% against revenue growth of 10%. Net earnings were $0.41B, up 21% year over year. The effective tax rate was 11.9%.
Operating cash flow was $0.72B (down 11% year over year), 173% of net earnings. Non-cash charges added back $0.54B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items used $0.37B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.54B.
Questions
What was Equinix's revenue in the first quarter 2026?
Equinix (EQIX) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before.
Was Equinix profitable in the first quarter 2026?
Operating profit was $577M (23.6% of revenue) and net earnings $415M.
Source: Equinix 10-Q on SEC EDGAR.