Strong Financial Performance: Equinix reported Q2 revenues of $2.26 billion, a 5% year-over-year increase, driven by a 7% growth in recurring revenue. Adjusted EBITDA margins reached a record high of 50%. AFFO increased 11% year-over-year, exceeding expectations with a noted improvement in operating performance and lower-than-expected SG&A expenses.

Positive Customer Momentum: The company closed 4,100 deals across more than 3,300 customers, resulting in $345 million in annualized gross bookings for the quarter. Key use cases driving demand included AI and multi-cloud strategies, indicating strong customer engagement and relevance.

Execution of Build Bolder Strategy: Equinix is committed to investing predominantly in capacity expansion to meet growing demand, with planned capital expenditures now expected to range between $3.8 billion and $4.3 billion. The company anticipates an accelerated path to stabilization for new data centers, with efforts focused on collapsing build phases and improving presales strategies to derisk investments.