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A company called Diraq has installed what it describes as the first silicon spin quantum computer inside a commercial data center. Quantum computers use advanced physics to solve problems too complex for normal computers, and this one is now running at an Equinix site in Sydney, Australia.
This matters because it shows how Equinix is evolving beyond just renting space for standard servers. By hosting specialized hardware like quantum computers, the company makes its data centers more valuable hubs where businesses can access the next generation of computing power alongside their existing systems.
Source: GlobeNewsWire
Equinix opened its sixth data center in Singapore, a critical hub for digital traffic in the Asia-Pacific region. The new facility, named SG6, is designed to support the intense power and heat requirements of artificial intelligence by using liquid cooling, which is more efficient than traditional air cooling for high-performance chips.
This expansion is important because Singapore is a supply-constrained market with high demand for connectivity. By adding capacity that is specifically built for AI workloads, Equinix is strengthening its ability to capture the shift toward AI at the edge, where companies run models close to their users rather than in distant cloud facilities.
Source: PRNewsWire
After Equinix reported its October results, we updated our revenue and profit projections for the coming year. We moved our rating from Avoid to Buy. We added the strategic importance of joint ventures for capacity expansion and direct funding models for power infrastructure to what we track. We also increased our expectation for the number of cabinets the company will deliver in 2026.
Equinix reported earnings of $4.93 per share, well ahead of the $4.11 analysts expected. The company is seeing a surge in demand for the physical space and power needed to run AI systems, with new customer bookings hitting a record $533 million. This growth led management to raise its financial targets for the full year for the third time in a row.
The most important part of the report is the 10 percent growth in interconnection revenue, which is the high-margin fee customers pay to link their computer systems together inside Equinix's buildings. This networking business is what makes Equinix more than just a landlord; once companies are connected to thousands of partners in the same facility, they are very unlikely to leave. The company is now planning to add 40 percent more capacity this year than it originally intended to keep up with this momentum.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Equinix announced its latest quarterly dividend of $5.16 per share. As a real estate investment trust, the company is required to pay out most of its taxable income to shareholders. This payment is a routine part of that structure and reflects the steady cash the business generates from its global data center leases.
Source: PRNewsWire
Management has raised its full-year outlook three times this year. Recent results show the business is outrunning its own forecasts as AI demand drives record bookings.
| Expectation | |
|---|---|
| EPS | $4.20 |
| Revenue | $2.70B |