HighGravityDataEquinix — Oct 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001101239-25-000061
Showing in the filing
Adjusted EBITDA Margin %
“49 - 50%”
Period
Q4 FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 24
Revenues for FY2025
“$9,208 - 9,328”
Adjusted EBITDA Margin % for Q4 FY2025
“49 - 50%”
AFFO per Share (Diluted) for FY2025
“$37.95 - 38.77”
Non-recurring Capital Expenditures (includes… for FY2025
“$3,514 - 3,994”
Recurring Capital Expenditures % of revenues for FY2025
“~3%”
Recurring Capital Expenditures % of Revenues for Q4 FY2025
“6%”
Expected Cash Dividends for FY2025
“~$1,836”
Revenues for Q4 FY2025
“$2.411 and $2.531 billion”
Adjusted EBITDA for Q4 FY2025
“$1.187 and $1.267 billion”
Recurring capital expenditures for Q4 FY2025
“$134 and $154 million”
Total revenues for FY2025
“$9.208 and $9.328 billion”
Total revenues growth, as-reported for FY2025
“approximately 5 - 7%”
Total revenues growth, normalized and consta… for FY2025
“approximately 7 - 8%”
Adjusted EBITDA for FY2025
“$4.531 and $4.611 billion”
Adjusted EBITDA margin for FY2025
“49%”
AFFO for FY2025
“$3.731 and $3.811 billion”
AFFO growth, as-reported for FY2025
“11 - 14%”
AFFO growth, normalized and constant currency for FY2025
“11 - 13%”
AFFO per share growth, as-reported for FY2025
“8 - 11%”
AFFO per share growth, normalized and consta… for FY2025
“8 - 10%”
Total capital expenditures for FY2025
“$3.792 and $4.292 billion”
Non-recurring capital expenditures for FY2025
“$3.514 and $3.994 billion”
On-balance-sheet xScale-related spend for FY2025
“approximately $450 million”
Recurring capital expenditures for FY2025
“$278 and $298 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
4 Business Outlook 2025 Guidance (in millions, except per share data) Prior FY 2025 Guidance Guidance Adjustment Foreign Exchange Impact Revised FY 2025 Guidance Q4 2025 Guidance Revenues $9,233 - 9,333 +$0 -$15 $9,208 - 9,328 $2,411 - 2,531 Adjusted EBITDA Adjusted EBITDA Margin % $4,517 - 4,597 ~49% +$21 -$7 $4,531 - 4,611 ~49% $1,187 - 1,267 49 - 50% AFFO $3,703 - 3,783 +$31 -$3 $3,731 - 3,811 AFFO per Share (Diluted) $37.67 - 38.48 +$0.32 -$0.03 $37.95 - 38.77 Non-recurring Capital Expenditures (Includes xScale) $3,520 - 4,000 +$3 -$9 $3,514 - 3,994 Recurring Capital Expenditures % of Revenues $272 - 292 ~3% +$7 -$1 $278 - 298 ~3% $134 - 154 6% Expected Cash Dividends ~$1,836 - - ~$1,836 Equinix does not provide forward-looking guidance for certain financial data, such as depreciation, amortization, accretion, stock-based compensation and other components of net income or loss from operations, and as a result, is not able to provide a reconciliation of GAAP to non-GAAP financial measures for forward-looking data without unreasonable effort. The impact of such adjustments could be significant. Equinix intends to calculate the various non-GAAP financial measures in future periods consistent with how they were calculated for the periods presented within this press release. For the fourth quarter of 2025, the company expects revenues to range between $2.411 and $2.531 billion, an increase of 7% at the midpoint over the previous quarter on both an as-reported basis and a normalized and constant currency basis. This guidance includ
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other guidance in this release
Text is the filed exhibit, verbatim.