Equinix Inc
EQIXQ1 2023(EQIX Q4 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.0B
AI Revenue (Q)
$36.8M
Total Revenue (Q)
$1.8B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2022 10-K reports annual revenue of approximately $7,263M (from manifest). Implied Q4 FY2022 revenue is approximately $7,263M - $5,392M (9-month) = ~$1,871M. The 10-K describes xScale data centers for hyperscale cloud service providers but xScale JV revenue is unconsolidated. No AI-specific revenue disclosure. Cabinet utilization was approximately 82%. Estimated AI workload share remains ~2%: ~$37M / $1,871M = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
xScale data centers serve the needs of the growing hyperscale data center market, including the world's largest cloud service providers, and are engineered to meet the technical and operational requirements and price points of core hyperscale workload deployments.
10-K FY2022 - Item 1 Business
Our cabinet utilization rates were approximately 82% and 79%, as of December 31, 2022 and 2021, respectively.
10-K FY2022 - Item 7 MD&A
AI Products Identified (Ring 1)
IBX colocation for AI/ML workloadsEquinix Metal bare metal 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