Equinix — Jul 29, 2026 release

Adjusted EBITDA is expected to range between $5.210 and $5.270 billion, reflecting an adjusted EBITDA margin of approximately 51%, an approximate +2% expansion over the previous year. AFFO is expected to range between $4.240 and $4.300 billion, an increase of 13 - 14% over the previous year on an as-reported basis, or 12 - 13% on a normalized and constant currency basis. AFFO per share is expected to range between $42.69 and $43.29, an increase of 11 - 13% over the previous year on an as-reported basis, or 10 - 12% on a normalized and constant currency basis. Total capital expenditures are expected to range between $5.000 and $6.000 billion. Long-Term Outlook Summary (2027-2029) The updated outlook reflects stronger-than-expected demand, accelerating bookings and presales activity, increased visibility from committed capacity, firm pricing and continued confidence in achieving attractive returns on invested capital. ($ in millions) Prior Outlook (1) Updated Outlook (2027 - 2029) Total Revenue Growth (Annual Range) (2) 7 - 10% 10 - 13% Adjusted EBITDA Margin (In 2029) 52%+ 53%+ Total Capital Expenditures (Annual Range) (3) $3,000 - 4,000 $5,000 - 7,000 AFFO per Share Growth (Annual Range) 5 - 9% 9 - 12% Dividend per Share Growth (Annual Range) 8%+ Approximates AFFO per Share Growth 3 (1) Prior outlook as provided on Wednesday, June 25, 2025. (2) Represents range of estimated annual growth rates through 2029. Assumes aver