Equinix, a publicly owned company headquartered in the US, employs approximately 11,280 individuals and reported $9.2B in revenue as of 2025. The company operates as a retail provider of data centers, enabling enterprise tenants to house their servers and networking equipment in a co-located environment, which allows tenants to connect with each other, cloud service providers, and telecom networks.
Equinix reported first-quarter 2026 net income of US$415 million on May 1, an increase from US$343 million a year earlier, simultaneously raising its full-year 2026 revenue outlook to between US$10.14 billion and US$10.24 billion. The company also affirmed its quarterly dividend of US$5.16 per share and provided slightly higher full-year dividend guidance. Earlier on May 1, SouthernCrossAI (SCX), an Australian sovereign AI infrastructure company, announced it is now providing sovereign AI inferencing capacity to the Equinix Fabric AI ecosystem, making its ASIC-powered inference nodes accessible to enterprises, government agencies, and developers within the ecosystem and confirming SCX's national expansion with SambaNova SN50. This follows Equinix's revelation, also on May 1, of a 500 MW Oklo Power Purchase Agreement (PPA) as part of a strategy to use Small Modular Reactors (SMRs) for data center power, aiming to bypass congested power grids. This strategy reflects a broader industry shift towards large-scale SMR procurement by data center operators.
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