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Equinix, Inc. (EQIX) Morgan Stanley Technology, Media & Telecom Conference 2026 March 2, 2026 2:30 PM EST
Company Participants
Jonathan Lin – Chief Business Officer
Conference Call Participants
Cameron McVeigh – Morgan Stanley, Research Division
Presentation
Cameron McVeigh
Morgan Stanley, Research Division
Okay. Might as well get started. Thank you all for coming. My name is Cameron McVeigh. I cover communications infrastructure here at Morgan Stanley. And pleased to welcome Jon Lin, Chief Business Officer at Equinix.
Jonathan Lin
Chief Business Officer
Thank you, Cameron.
Cameron McVeigh
Morgan Stanley, Research Division
Welcome. And before we get started, I have to read this. For important disclosures, please see the Morgan Stanley research disclosure website. If you have any questions, please reach out to your Morgan Stanley sales representative.
Question-and-Answer Session
Cameron McVeigh
Morgan Stanley, Research Division
Okay. Done. Jon, let’s get started. Equinix reported fourth quarter and full year earnings in February. CFO, Keith Taylor, called it the best quarter ever. Jon, what in your view was the main driver of this momentum?
Jonathan Lin
Chief Business Officer
Yes. I think a couple of different areas there. I’d say, first and foremost, when you look at the performance of the business in terms of our bookings, which is how we treat our customer sales essentially best quarter ever. And I think in a recurring revenue business, we’re always under pressure to do that. But to be able to deliver that in a momentum that we’re seeing around that, I’d say, I think for the full year of ’25, we end up delivering 27% growth in bookings year-over-year. I think for Q4 end up being closer to a 40-plus percent number compared to the previous Q4 of the prior year. So it really just shows, hey, you’re starting to see continued momentum in the business in terms of customer demand manifesting across a number of different dimensions.
