EQIX Q1 2023 Earnings — Equinix, Inc. Revenue & Financial Results | Market Cap Arena

EQIXEquinix, Inc.

$94B

Q1 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.0B+15.2% YoY

Gross Profit

$992M49.6% margin

Operating Income

$384M19.2% margin

Net Income

$259M13.0% margin

EPS (Diluted)

$2.77

QoQ Revenue Growth

+6.8%

Cash Flow

Operating Cash Flow

$676M

Free Cash Flow

$146M

Stock-Based Comp.

$99M

Balance Sheet

Total Assets

$31.3B

Total Liabilities

$19.2B

Stockholders' Equity

$12.0B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+15.2%
Gross Profit	$992M	$819M	+21.2%
Operating Income	$384M	$267M	+43.7%
Net Income	$259M	$147M	+75.6%

Revenue Segments

Co-Location

$1.4B70%

Interconnection

$337M17%

Managed Infrastructure

$111M6%

Non-Recurring Revenues

$108M5%

Service, Other

$34M2%

Geographic Segments

Americas

$882M44%

EMEA

$691M35%

Asia Pacific

$425M21%