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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jon Atkin | RBC Capital Markets | 8 questions · 0% challenging |
| Nick Del Deo | MoffettNathanson | 7 questions · 0% challenging |
| Eric Luebchow | Wells Fargo | 7 questions · 0% challenging |
| Mike Rollins | Citigroup | 7 questions · 0% challenging |
| Frank Louthan | Raymond James | 6 questions · 17% challenging |
| Mike Funk | Bank of America | 5 questions · 40% challenging |
| Aryeh Klein | BMO Capital Markets | 5 questions · 0% challenging |
| Michael Elias | TD Cowen | 5 questions · 0% challenging |
| Matt Niknam | Truist Securities | 3 questions · 33% challenging |
| Jim Schneider | Goldman Sachs | 3 questions · 33% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| RBC Capital Markets | 1 analyst | 8 questions · 0% challenging |
| Citigroup | 1 analyst | 7 questions · 0% challenging |
| Wells Fargo | 1 analyst | 7 questions · 0% challenging |
| MoffettNathanson | 1 analyst | 7 questions · 0% challenging |
| Raymond James | 1 analyst | 6 questions · 17% challenging |
| Bank of America | 1 analyst | 5 questions · 40% challenging |
| Morgan Stanley | 2 analysts | 5 questions · 0% challenging |
| Goldman Sachs | 2 analysts | 5 questions · 20% challenging |
Reporting soon: earnings call Wednesday, Oct 28
A pre-earnings brief is ready for EQIX: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
Equinix posted Q1 2026 revenues of $2.4B, up 8%, with AFFO per share of $10.79 growing 10% and adjusted EBITDA of $1.2B up 13% at a 51% margin. Record total sales activity surged 35% year-over-year, driven by AI inferencing ecosystem expansion and rapid liquid cooling deployments. Full-year guidance was raised with AFFO growth improved to 10-12% and revenue growth to 10-11%, reflecting broad-based strength across the platform.
Demand | Revenue Growth | Cloud & AI | Capex Investment | Competitive Dynamics | Margin | Supply Chain | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 3 | 3 | 1 | 2 | 1 |
| 2025Q1 | 5 | 3 | 2 | 2 | 1 | 1 | 1 | 1 |
| 2025Q2 | 4 | 4 | 2 | 3 | 1 | 1 | 1 | 1 |
| 2025Q3 | 4 | 4 | 2 | 3 | 2 | 2 | 1 | 1 |
| 2025Q4 | 4 | 4 | 5 | 1 | 1 | 1 | 1 | 1 |
| 2026Q1 | 4 | 3 | 6 | 3 | 1 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 5 | 4 | 4 | 4 | 4 |
| Revenue Growth | 3 | 3 | 4 | 4 | 4 | 3 |
| Cloud & AI | 2 | 2 | 2 | 2 | 5 | 6 |
| Capex Investment | 3 | 2 | 3 | 3 | 1 | 3 |
| Competitive Dynamics | 3 | 1 | 1 | 2 | 1 | 1 |
| Margin | 1 | 1 | 1 | 2 | 1 | 1 |
| Supply Chain | 2 | 1 | 1 | 1 | 1 | 1 |
| Pricing | 1 | 1 | 1 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.26B | +7.2% | $-0.14 | -105.8% | 4.6% | -0.6% | $-6M |
| FY2025 Q1 | $2.23B | +4.6% | $3.50 | +44.0% | 20.6% | 15.4% | $59M |
| FY2025 Q2 | $2.26B | +4.5% | $3.75 | +18.7% | 21.9% | 16.3% | $-45M |
| FY2025 Q3 | $2.32B | +5.2% | $3.81 | +22.9% | 20.5% | 16.1% | $-122M |
| FY2025 Q4 | $2.42B | +7.0% | $2.69 | +2021.4% | 17.4% | 11.0% | $-292M |
| FY2026 Q1Selected | $2.44B | +9.8% | $4.20 | +20.0% | 23.6% | 17.0% | $-539M |
| FY2026 Q2 | $2.63B | +16.4% | $4.83 | +28.8% | 25.3% | 18.2% | $-511M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 29, 2026
FY2026 Q1 in brief
Equinix posted Q1 2026 revenues of $2.4B, up 8%, with AFFO per share of $10.79 growing 10% and adjusted EBITDA of $1.2B up 13% at a 51% margin.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +9.84% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Equinix (EQIX), FY2026 Q1: 8/10. Scores: Equinix’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: EQIX daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What EQIX said about other companies on its FY2026 Q1 call, and what other companies said about EQIX on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we signed a joint agreement with Canada Pension Plan Investment Board to”
Equinix formed a joint agreement with Canada Pension Plan Investment Board to expand its Nordics data-center footprint, indicating CPPIB is deploying capital into European digital infrastructure.
“We also grew our relationship with Maersk, a global leader in integrated logistics, as it digitizes critical supply chain infrastructure”
Maersk expanded its relationship with Equinix, selecting it as primary data-center partner including first liquid-cooled AI deployments, signaling Maersk's growing digital and AI infrastructure investment.
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| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| EQIXEquinix | 8 | +9.8% | Equinix posted Q1 2026 revenues of $2.4B, up 8%, with AFFO per share of $10.79 growing 10% and adjusted EBITDA of $1.2B up 13% at a 51% margin | |
| AMTAmerican Tower | 6 | +6.8% | CoreSite data center revenue surges on AI and interconnection | |
| CCICrown Castle | 3 | -4.8% | Full Year 2026 Guidance Reiterated After Solid Q1 Start | |
| DLRDigital Realty | 8 | +12.0% | Record Core FFO of $2.04 Delivers 15% YoY Growth | |
| IRMIron Mountain | 9 | +21.6% | Iron Mountain delivered extraordinary Q1 2026 results with revenue of $1.94 billion up 22%, driven by data center revenue surging 47% on hyperscale demand and ALM revenue nearly doubling with 92% growth | |
| SBACSBA Communications | 7 | +5.9% | Full Year 2026 Outlook Raised Across All Key Metrics | |
| WYWeyerhaeuser | 5 | -2.0% | Weyerhaeuser's Q1 2026 marked a sharp sequential rebound with adjusted EBITDA surging 120% to $308 million, driven by lumber's return to profitability ($84 million swing to $27 million EBITDA) as prior industry curtailments and lean inventories lifted Southern Yellow Pine pricing 13% |
Equinix posted Q1 2026 revenues of $2.4B, up 8%, with AFFO per share of $10.79 growing 10% and adjusted EBITDA of $1.2B up 13% at a 51% margin
CoreSite data center revenue surges on AI and interconnection
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| EQIX | 7 | 7 | 8 | 8 | 8 | 8 |
| AMT | 7 | 6 | 6 | 7 | 8 | 6 |
| CCI | 5 | 4 | 6 | 5 | 2 | 3 |
| DLR | 7 | 6 | 8 | 8 | 8 | 8 |
| IRM | 8 | 7 | 8 | 7 | 9 | 9 |
| SBAC | 6 | 6 | 7 | 8 | 7 | 7 |
| WY | 3 | 3 | 3 | 7 | 3 | 5 |
Iron Mountain delivered extraordinary Q1 2026 results with revenue of $1.94 billion up 22%, driven by data center revenue surging 47% on hyperscale demand and ALM revenue nearly doubling with 92% growth
Full Year 2026 Outlook Raised Across All Key Metrics
Weyerhaeuser's Q1 2026 marked a sharp sequential rebound with adjusted EBITDA surging 120% to $308 million, driven by lumber's return to profitability ($84 million swing to $27 million EBITDA) as prior industry curtailments and lean inventories lifted Southern Yellow Pine pricing 13%