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 average currency rates used in our financial results remained the same over comparative p