Equinix (EQIX) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $5.22
- Estimate
- $3.96
- Surprise
- +31.9%
- Revenue (period 2026-09-30)
- $2.57B
- Score at report (before → after)
- 5.9 → 6.0/10
Revenue source: xbrl.
How the report landed
Equinix (EQIX) beat the $3.96 estimate with adjusted EPS of $5.22 — a large 31.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Sell at 6.0/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates EQIX Sell at 6.0/10.
2 of the last 4 quarters beat the estimate; this quarter's +31.9% surprise compares with a +5.3% four-quarter average.
What supports the rating
- Strong growth profile
- Positive momentum
What argues against it
- Sector modifier (Real Estate): -1.2
- Leverage penalty (D/E 1.6): -1.0
- Consecutive earnings misses (2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $1007.66
- Price target
- $1132.61
- Stop
- $948.50
- Upside to target
- +12.4%
- Reward-to-risk
- 1.6:1
The stock trades at 64.8× trailing but 54.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
EQIX at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Specialty
- Market cap
- $99.43B
- P/E (fwd)
- 54.4
- P/E (ttm)
- 64.8
- 52-week range
- $720.62–$1128.68
- Off 52-week high
- 10.7%
- RSI (14)
- 49
- Volume vs avg
- 1.31×
- Score today
- 6.0/10