Filing Flows › Equinix (EQIX) › Q2 2026 › vs Q1 2026
Equinix (EQIX) Q2 2026 vs Q1 2026 (quarter over quarter)
Equinix's revenue rose $181M (+7%) from $2.4B in Q1 2026 to $2.6B in Q2 2026. The biggest changes: Non-recurring revenues +$135M (+119%); Recurring revenues +$46.0M (+2%). Operating margin 25.3% against 23.6% (+1.7 pts).
Equinix, Q2 2026: revenue $2.6B (+16% year over year), operating margin 25.3%, net earnings $477M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 25.3% | 23.6% | +1.7 pts |
| Net margin | 18.2% | 17.0% | +1.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Colocation | $1.8B | $1.7B | $42.0M | +2% |
| Interconnection | $453M | $446M | $7.0M | +2% |
| Managed infrastructure | $112M | $115M | −$3.0M | -3% |
| Other | $40.0M | $40.0M | $0 | 0% |
| Recurring revenues | $2.4B | $2.3B | $46.0M | +2% |
| Non-recurring revenues | $248M | $113M | $135M | +119% |
| Revenue | $2.6B | $2.4B | $181M | +7% |
| Operating profit | $665M | $577M | $88.0M | +15% |
| Costs & expenses | $2.0B | $1.9B | $93.0M | +5% |
| Pre-tax earnings | $523M | $471M | $52.0M | +11% |
| Other expense, net | $142M | $106M | $36.0M | +34% |
| Cost of revenue | $1.2B | $1.2B | $44.0M | +4% |
| Sales & marketing | $239M | $241M | −$2.0M | -0.8% |
| General & admin | $462M | $444M | $18.0M | +4% |
| Net earnings | $477M | $415M | $62.0M | +15% |
| Income tax | $46.0M | $56.0M | −$10.0M | -18% |
| Depreciation & amortization | $551M | $541M | $10.0M | +2% |
| Share-based compensation | $145M | $128M | $17.0M | +13% |
| Working capital & other | $106M | $367M | −$261M | -71% |
| Operating cash flow | $1.1B | $717M | $350M | +49% |
| Capital expenditures | $1.6B | $1.3B | $322M | +26% |
| Negative free cash flow (OCF − capex) | $511M | $539M | −$28.0M | -5% |
Questions
How much did Equinix's revenue grow quarter over quarter in Q2 2026?
Equinix's revenue rose $181M (+7%) from $2.4B in Q1 2026 to $2.6B in Q2 2026.
What drove Equinix's revenue change in Q2 2026?
Non-recurring revenues +$135M (+119%); Recurring revenues +$46.0M (+2%).