Equinix Inc
EQIXQ3 2024(EQIX Q2 FY2024)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$2.4B
AI Revenue (Q)
$86.4M
Total Revenue (Q)
$2.2B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
Total quarterly revenue was $2,159M. Revenue growth of 6.9% YoY. Remaining performance obligations grew to ~$10.4B, suggesting strong bookings. Equinix formed AMER 2 Joint Venture (sold SV12x for $293M) to develop xScale data centers in the US, signaling AI/hyperscale demand. However, this JV revenue is unconsolidated. No AI revenue quantification in filings. Maintaining 4% estimate: ~$86M AI-attributed / $2,159M = ~4.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $2,159
Condensed Consolidated Statements of Operations
approximately $10.4 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods
Notes - Remaining Performance Obligations
AI Products Identified (Ring 1)
IBX colocation for AI/ML workloadsEquinix Metal bare metal GPU instances
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
xScale data centers (unconsolidated JV)Interconnection for cloud AI services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix