Equinix posted second-quarter 2025 revenues of $2.256 billion, up 4% year over year (5% normalized), with adjusted EBITDA of $1.129 billion, representing a 50% margin. Net income rose 22% to $368 million. The company closed 4,100 deals across 3,300 customers, booking $345 million in annualized gross contracts. For the full year, Equinix raised its revenue outlook to $9.233–9.333 billion, and boosted guidance across EBITDA and AFFO.
The interconnection business remains a major growth engine, with 6,200 net adds in Q2, bringing the total to 492,000. Interconnection revenues surpassed $400 million for the first time, up 9% year over year. Equinix Fabric capacity now exceeds 100 Tbps, with increasing uptake of Cloud Router and Network Edge services. Traffic mix continues to diversify, reflecting demand from AI workloads, hybrid and multi-cloud adoption, and enterprise private connectivity. Equinix noted strong pull-through from customers such as Hyundai Motor Group, Groq, Lyceum, and Zetaris—all leaning on Equinix to scale AI infrastructure.
The company currently operates 59 major expansion projects across 34 metros and 25 countries, with over 70% of retail spend targeting major hubs. More than 90% of new builds are on owned land or buildings with long-term leases, providing infrastructure stability. In June, Equinix completed its acquisition of three Manila data centers, reinforcing its Southeast Asia presence. The company added nine new expansion projects this quarter, spanning markets in North America, EMEA, and Asia-Pacific.
• 492,000+ total interconnections (up 6,200 in Q2)
• $400M+ interconnection revenues (9% YoY growth)
• Equinix Fabric provisioned capacity >100 Tbps
• 59 major projects underway in 34 metros, 25 countries
• Nine new expansion projects launched in Q2 (Bangkok, Chennai, Chicago, Dallas, Jakarta, Kuala Lumpur, London, Montreal, Silicon Valley)
• 12 active xScale® projects for hyperscale cloud and AI build-outs
• Acquisition of three data centers in Manila completed in June
• Major customers this quarter: Hyundai Motor Group (connected-car platform), EssilorLuxottica (global expansion), Groq (AI inference), Lyceum (GPU-as-a-service), Schneider Electric (sustainable multi-cloud), Zetaris (agentic AI)
“We had a strong first half of 2025, achieving robust bookings and strong financial results—further indication that our strategy is meeting the opportunity,” said Adaire Fox-Martin, CEO and President of Equinix. “Our diverse and carrier-neutral ecosystems, rich interconnection capability, and unparalleled global presence in key metros position us exceptionally well to deliver continued value to our customers, growth to our business, and returns for our shareholders.”
🌐 Why it Matters: Equinix’s nearly half a million interconnections and $400M+ quarterly interconnection revenue confirm its role as the backbone of multi-cloud and AI data exchange. The surge in Equinix Fabric traffic to beyond 100 Tbps highlights how enterprise AI workloads are increasingly bypassing the public internet for secure, low-latency private interconnection. This signals that the interconnection layer—not just raw data center capacity—is becoming the critical battleground for digital infrastructure providers.
🌐 We’re tracking the latest developments in data center and cloud interconnection infrastructure. Follow our ongoing coverage at: https://convergedigest.com/category/data-centers/
