Filing Flows › Equinix (EQIX) › Q3 2026 › vs Q2 2026
Equinix (EQIX) Q3 2026 vs Q2 2026 (quarter over quarter)
Equinix's revenue fell $54.0M (-2%) from $2.6B in Q2 2026 to $2.6B in Q3 2026. The biggest changes: Non-recurring revenues −$119M (-48%); Recurring revenues +$65.0M (+3%). Operating margin 23.3% against 25.3% (-2.0 pts).
Equinix, Q3 2026: revenue $2.6B (+11% year over year), operating margin 23.3%, net earnings $489M, operating cash flow $1.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 23.3% | 25.3% | -2.0 pts |
| Net margin | 19.0% | 18.2% | +0.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Colocation | $1.8B | $1.8B | $54.0M | +3% |
| Interconnection | $465M | $453M | $12.0M | +3% |
| Managed infrastructure | $108M | $112M | −$4.0M | -4% |
| Other | $43.0M | $40.0M | $3.0M | +7% |
| Recurring revenues | $2.4B | $2.4B | $65.0M | +3% |
| Non-recurring revenues | $129M | $248M | −$119M | -48% |
| Revenue | $2.6B | $2.6B | −$54.0M | -2% |
| Operating profit | $600M | $665M | −$65.0M | -10% |
| Costs & expenses | $2.0B | $2.0B | $11.0M | +0.6% |
| Pre-tax earnings | $537M | $523M | $14.0M | +3% |
| Other expense, net | $63.0M | $142M | −$79.0M | -56% |
| Cost of revenue | $1.3B | $1.2B | $27.0M | +2% |
| Sales & marketing | $233M | $239M | −$6.0M | -3% |
| General & admin | $449M | $462M | −$13.0M | -3% |
| Other operating costs | $32.0M | $29.0M | $3.0M | +10% |
| Net earnings | $489M | $477M | $12.0M | +3% |
| Income tax | $48.0M | $46.0M | $2.0M | +4% |
| Depreciation & amortization | $544M | $551M | −$7.0M | -1% |
| Share-based compensation | $141M | $145M | −$4.0M | -3% |
| Working capital & other | $69.0M | −$106M | $175M | — |
| Operating cash flow | $1.2B | $1.1B | $176M | +16% |
| Capital expenditures | $1.6B | $1.6B | −$20.0M | -1% |
| Negative free cash flow (OCF − capex) | $315M | $511M | −$196M | -38% |
Questions
How much did Equinix's revenue grow quarter over quarter in Q3 2026?
Equinix's revenue fell $54.0M (-2%) from $2.6B in Q2 2026 to $2.6B in Q3 2026.
What drove Equinix's revenue change in Q3 2026?
Non-recurring revenues −$119M (-48%); Recurring revenues +$65.0M (+3%).