Equinix, Inc. (EQIX)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-Graham style investor, I see Equinix as a high-quality digital landlord with a real competitive position: its data centers and interconnection ecosystems create switching costs and network effects that are hard to replicate. The filed numbers show steady demand. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.6 billion, net income $479.0 million, and diluted EPS $4.83, up from $2.3 billion, $368.0 million, and $3.75 in fiscal Q2 2025. For FY2025, revenue was $9.2 billion and net income $1.4 billion, versus FY2024 revenue of $8.7 billion and net income of $815.0 million. The Lynch category is Stalwart, based on 29.6% annual profit growth and 9.0% revenue growth over five years. Financial health is mixed. Piotroski 7/9 and Altman 2.04 are FairStock calculations; D/E of 1.62 is meaningful, and trailing free cash flow is -$1.5 billion, a -1.5% FCF yield. For a REIT, depreciation distorts EPS and P/E, and FFO/AFFO, the right measures, are not in the data. I therefore lean on dividend yield 2.02%, leverage, revenue trend, and P/B of 6.64. The price at the 2026-10-26 close of $967.65 looks rich on FairStock's P/E of 62.35, PEG of 2.04, and EV/EBITDA of 26.15, and the overall FairStock Score is 39/100. Growth is real, but the burden of proof is high.

In plain English: Equinix runs data centers and connection services that help companies link systems around the world. Sales and profit are growing, and it pays a small dividend, but it spends heavily and the cash left after that spending is negative. At the $967.65 close on 2026-10-26, the price looks expensive compared with the profits and assets in this snapshot.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer