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Equinix (EQIX) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 28, 2026

Equinix (EQIX) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +11% from a year earlier and -2% from the quarter before. Operating margin was 23.3%, net earnings $489M (19.0% of revenue).

Revenue$2.6B
Year over year+11%
Quarter over quarter-2%
Operating margin23.3%
Net earnings$489M

Equinix, Q3 2026: revenue $2.6B (+11% year over year), operating margin 23.3%, net earnings $489M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$2.6B-2%+11%
Operating profit$600M-10%+27%
Net earnings$489M+3%+31%
Operating cash flow$1.2B+16%+23%

What changed

Revenue was $2.6B in Q3 2026, up 11% year over year and down 2% from the previous quarter. Colocation was the largest line at 71% of revenue. Colocation added $0.19B year over year (up 12%), 74% of the total change. Managed infrastructure declined 8%.

Operating profit was $0.60B, a 23.3% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 49% reached operating profit, above the 20% margin then. Total costs grew 7% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+191%). Net earnings were $0.49B, up 31% year over year. The effective tax rate was 8.9%.

Operating cash flow was $1.2B (up 23% year over year), 254% of net earnings. Non-cash charges added back $0.54B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $1.6B exceeded it, leaving free cash flow of −$0.32B.

Questions

What was Equinix's revenue in the third quarter 2026?

Equinix (EQIX) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +11% from a year earlier and -2% from the quarter before.

Was Equinix profitable in the third quarter 2026?

Operating profit was $600M (23.3% of revenue) and net earnings $489M.

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Source: Equinix 10-Q on SEC EDGAR.