Equinix (EQIX) official guidance

Total capital expenditures are expected to range between $5 and $6 billion.

As a result, we now expect 2026 CapEx to range between $5 billion and $6 billion.

Total capital expenditures are expected to range between $5.000 and $6.000 billion.

Excluding xScale and land acquisitions, we now expect total capital expenditures to approximate the top end of our prior range at $4.1 billion, including $280 million-$300 million of recurring spend and approximately $3.8 billion of non-recurring spend.

Total capital expenditures are expected to be approximately $4.100 billion.

2026 CapEx is anticipated to range between $3.7 billion-$4.2 billion, including about $280 million of recurring CapEx spend.

Total capital expenditures are expected to range between $3.655 and $4.155 billion.

Adjusted EBITDA is expected to range between $5.290 and $5.330 billion, reflecting an adjusted EBITDA margin of approximately 51%, an approximate 200 basis points expansion over the previous year.

We're raising adjusted EBITDA guidance by $62 million, resulting in an adjusted EBITDA margin of approximately 51%, a 200 basis point improvement over last year.

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.

We're raising Adjusted EBITDA guidance by $24 million, resulting in Adjusted EBITDA margins of approximately 51%, a 200 basis point improvement over last year.

Adjusted EBITDA is expected to range between $5.165 and $5.245 billion, reflecting an adjusted EBITDA margin of 51%, an approximate +2% expansion over the previous year.

We expect 2026 Adjusted EBITDA margins to be approximately 51%, an expected 200 basis point improvement over 2025, reflecting anticipated revenue growth and focused expense management.

Adjusted EBITDA is expected to range between $5.141 and $5.221 billion, reflecting an adjusted EBITDA margin of 51%, an approximate 200 basis-point expansion over the previous year. This guidance also includes a $17 million foreign currency benefit when compared to prior guidance.

We would expect leverage to increase by about a term between now and the end of the planning period.

We expect MRR growth to be around 10% at the high end of our prior range.

Through 2029, we expect total revenue growth in the 10%-13% range annually, with AFFO per share growing 9%-12% during the same period.

| Total Revenue Growth (Annual Range) (2) | 7 - 10% | 10 - 13% |

For 2026, we now expect revenue growth of 11%-12% and AFFO per share growth of 10%-12%.

For the full year, we're raising total revenue guidance by $21 million based on our Q1 outperformance, improving expected total revenue growth range by 100 basis points to 10%-11%.

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 is expected to range between $4.198 and $4.278 billion, an increase of 12 - 14% over the previous year on an as-reported basis, or 10 - 12% on a normalized and constant currency basis.

AFFO is expected to range between $4.158 and $4.238 billion, an increase of 11 - 13% over the previous year on an as-reported basis, or 9 - 11% on a normalized and constant currency basis. This guidance also includes a $13 million foreign currency benefit when compared to prior guidance rates.

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.

AFFO per share is expected to range between $42.31 and $43.11, an increase of 10 - 12% over the previous year on an as-reported basis, or 9 - 11% on a normalized and constant currency basis.

AFFO per share is expected to range between $41.93 and $42.74, a 9 - 12% as-reported increase over the previous year, or 8 - 10% on a normalized and constant currency basis.

| Expected Cash Dividends | ~$2,037 | +$2 | $0 | ~$2,039 | |

| Expected Cash Dividends | ~$2,036 | +$1 | $0 | ~$2,037 | |

As a result, our total 2026 cash dividends paid will approximate $2 billion.

| Expected Cash Dividends | ~$2,036 | |

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.

Adjusted EBITDA is expected to range between $5.165 and $5.245 billion, reflecting an adjusted EBITDA margin of 51%, an approximate +2% expansion over the previous year.

Adjusted EBITDA is expected to range between $5.141 and $5.221 billion, reflecting an adjusted EBITDA margin of 51%, an approximate 200 basis-point expansion over the previous year. This guidance also includes a $17 million foreign currency benefit when compared to prior guidance.