Equinix Inc
EQIXQ1 2024(EQIX Q4 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$1.7B
AI Revenue (Q)
$61.8M
Total Revenue (Q)
$2.1B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2023 10-K. Annual revenue approximately $8,188M (Q1 $1,998M + Q2 $2,019M + Q3 $2,061M implies Q4 ~$2,110M). The 10-K notes expansion to 260 data centers across 71 markets and 17 xScale data centers. Cabinet utilization dropped to ~79% (from 82%) as new capacity came online. No AI revenue disclosure. The 10-K mentions AI only in the context of market trends, not as a revenue driver. ~$63M AI-attributed / $2,110M = ~3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Our cabinet utilization rates were approximately 79% and 82%, as of December 31, 2023 and 2022, respectively.
10-K FY2023 - Item 7 MD&A
In 2023, we opened nine new data centers, inclusive of new xScale sites via our joint ventures.
10-K FY2023 - Item 1 Business
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