Analysts expect Equinix to report Q2 2026 revenue of $2.59 billion and an AFFO-based EPS of $10.14, with the current stock price of $1,046.79 trading significantly below the $1,153.79 consensus target.
Investors are primarily focused on the pace at which AI-driven data center demand translates into bottom-line growth. Management recently noted that 60% of major new deals were AI-related, creating a record sales backlog. However, the market remains cautious about whether massive capital expenditures for high-density infrastructure will dilute Equinix's industry-leading returns on capital.