Equinix Sees a 5% QoQ Increase in Q2 2022 Revenues

Equinix, Inc. , the world's digital infrastructure companyTM, reported results for the second quarter ended June 30, 2022. 

Equinix uses certain non-GAAP financial measures, which are described further below and reconciled to the most comparable GAAP financial measures after the presentation of its GAAP financial statements. All per share results are presented on a fully diluted basis.

Second Quarter 2022 Results Summary

Revenues

• $1.8 billion, a 5% increase over the previous quarter

• Includes a negative $20 million foreign currency impact when compared to prior guidance rates

Operating Income

• $318 million, a 19% increase over the previous quarter and an operating margin of 17%

Net Income and Net Income per Share attributable to Equinix

• $216 million, a 47% increase over the previous quarter, primarily due to strong operating performance and a favorable tax settlement

• $2.37 per share, a 46% increase over the previous quarter

Adjusted EBITDA

• $860 million, an 8% increase over the previous quarter and an adjusted EBITDA margin of 47%

• Includes a negative $10 million foreign currency impact when compared to prior guidance rates

• Includes $4 million of integration costs

AFFO and AFFO per Share

• $691 million, a 6% increase over the previous quarter, primarily due to strong operating performance, partially offset by higher taxes due to increased profitability

• $7.58 per share, a 6% increase over the previous quarter

• Includes $4 million of integration costs

Charles Meyers, President and CEO, Equinix, commented: "With record Q2 gross bookings that sizably surpassed the prior peak, Equinix had an outstanding first half of 2022, and our business continued to deliver strong and consistent results. The demand environment and our pipeline remain robust despite a complex global macroeconomic and political landscape, as we continue to enable digital leaders on their transformation journey."