Equinix — Oct 29, 2025 release

This updated guidance includes an underlying raise of $31 million from better-than-expected business performance and strong balance sheet management, partially offset by a $3 million negative foreign currency impact when compared to prior guidance rates. AFFO per share is expected to range between $37.95 and $38.77, an 8 - 11% as-reported increase over the previous year, or 8 - 10% on a normalized and constant currency basis. Total capital expenditures are expected to range between $3.792 and $4.292 billion. This includes non-recurring capital expenditures of between $3.514 and $3.994 billion and approximately $450 million of on-balance-sheet xScale-related spend, which we expect to be reimbursed as we transfer assets into our joint ventures. Recurring capital expenditures are expected to range between $278 and $298 million. The U.S. dollar exchange rates used for 2025 guidance, taking into consideration the impact of our current foreign currency hedges, have been updated to $1.13 to the Euro, $1.29 to the British Pound, S$1.29 to the U.S. Dollar, ¥148 to the U.S. Dollar, A$1.51 to the U.S. Dollar, HK$7.78 to the U.S. Dollar, R$5.32 to the U.S. Dollar and C$1.39 to the U.S. Dollar. The Q3 2025 global revenue breakdown by currency for the Euro, British Pound, Singapore Dollar, Japanese Yen, Australian Dollar, Hong Kong Dollar, Brazilian Real and Canadian Dollar is 20%, 10%, 9%, 5%, 3%, 3%, 3% and 2%, respectively. Q3 2025 Results Conference Call and Replay Information Equinix will discuss its quarterly results for the period ended September 30, 2025, along wi