Equinix revenue accelerates, SEC probe closed; $5.5B capex backlog signals AI buildout

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  SEC and DOJ investigations triggered by March 2024 short-seller report concluded with no enforcement action; SEC formally closed case November 2025, NDCA expects no further action.

  Controls & Certifications verify on EDGAR →
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  Unaccrued capital expenditure commitments surged from $3.8B to $5.5B, reflecting aggressive expansion to meet AI and hyperscale demand; capex spending jumped $506M year-over-year.

  MD&A: Capital Commitments verify on EDGAR →
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  Recurring revenue growth accelerated across all regions: Americas +12% (vs. +4% prior year), EMEA +10% (vs. +4%), Asia-Pacific +13% (vs. +4%), driven by strong bookings and expansion projects.

  MD&A: Regional Revenue verify on EDGAR →