Equinix Inc Dossier
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SectorReal Estate IndustrySpecialized REITs Beta (adjusted)0.99 Intrinsic Value $772.21median of 1 methodbased on filings through 30 Jun 2026 Market Price $1,012.33Price as of 1 Oct 2026 OvervaluedIntrinsic value is 24% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $99.9B Enterprise Value $118.8B Shares Outstanding 99.1M diluted Next Earnings Date28 Oct 2026 Last ex-dividend19 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Equinix entered the second half of 2026 with strong operating momentum: second-quarter monthly recurring revenue grew 11%, annualized gross bookings reached $424 million, net interconnection additions set a record, and management raised both 2026 guidance and its 2027-2029 outlook. The investment case nevertheless requires balanced treatment because the expansion program is exceptionally capital intensive, total debt principal was $22.153 billion at June 30, 2026, and execution depends on obtaining power, land, equipment and financing on acceptable terms. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$1,060.00 Mean target$1,233.52 High · most bullish analyst$1,400.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $1,060.0020% Power availability, construction delays, supply-chain costs or weaker customer deployments reduce bookings and delay revenue conversion while capital expenditures remain elevated. Margin falls below guidance, leverage increases and dividend flexibility narrows, producing weaker shareholder outcomes. Base CaseCentral scenario $1,233.5258% Matches the consensus meanEquinix executes near its revised outlook: 2026 revenue grows approximately 11-12%, adjusted EBITDA margin remains near 51%, and subsequent annual revenue and AFFO-per-share growth remain within management's 2027-2029 ranges. Growth investment remains elevated but broadly controlled. Bull CaseUpside scenario $1,400.0022% Demand for interconnected infrastructure, cloud connectivity and distributed AI capacity remains stronger than management's updated outlook. Sustained double-digit recurring-revenue growth, continued high bookings, successful delivery of the 52 projects underway and operating leverage above the 53% long-term margin objective would support materially stronger shareholder outcomes. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |