Equinix Inc
EQIXQ3 2025(EQIX Q2 FY2025)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$3.8B
AI Revenue (Q)
$257.2M
Total Revenue (Q)
$4.3B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
Total quarterly revenue was $2,256M. Revenue grew 4.5% YoY. Remaining performance obligations grew to ~$12.2B. Completed TIM acquisition in Philippines ($183M) expanding Asia-Pacific footprint. VIE Joint Venture investments grew to $528M (from $374M at end of 2024), reflecting substantial xScale expansion. Maintaining 6% estimate as AI workloads continue growing but remain a minority of consolidated IBX revenue: ~$135M AI-attributed / $2,256M = ~6.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $2,256
Condensed Consolidated Statements of Operations
Approximately $12.2 billion of revenues, including deferred installation revenues, are expected to be recognized in future periods related to unsatisfied performance obligations as of June 30, 2025.
Notes - Remaining Performance Obligations
On June 2, 2025, we completed the acquisition of all outstanding shares of TIM NextGen DC Corporation...for total purchase consideration of $183 million.
Notes - Acquisitions
AI Products Identified (Ring 1)
IBX colocation for AI/ML workloadsEquinix Metal bare metal GPU instancesAI-optimized data centers (liquid cooling)
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