Equinix Inc
EQIXQ1 2025(EQIX Q4 FY2024)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$3.1B
AI Revenue (Q)
$113.0M
Total Revenue (Q)
$2.3B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2024 10-K. Total annual revenue approximately $8,762M (Q1 $2,127 + Q2 $2,159 + Q3 $2,201 implies Q4 ~$2,275M). The 10-K significantly expands AI discussion: 'This shift is being accelerated by the increasing adoption of hybrid multi-cloud architectures and the adoption of artificial intelligence (AI)' and 'This increased power consumption, which we expect to accelerate with the adoption of AI.' Singapore data center announced with 'design built to efficiently compute intensive workloads like artificial intelligence (AI), supported by capabilities such as advanced liquid cooling.' 268 data centers, 20 xScale facilities in JVs. Cabinet utilization at ~78%. No specific AI revenue quantification. Maintaining 5%: ~$114M AI-attributed / $2,275M = ~5.0%.
Analyzed by claude-opus-4-6
Quoted Figures
This shift is being accelerated by the increasing adoption of hybrid multi-cloud architectures and the adoption of artificial intelligence (AI).
10-K FY2024 - Item 7 MD&A
This increased power consumption, which we expect to accelerate with the adoption of AI, has driven us to build out our new IBX data centers to support power and cooling needs twice that of previous IBX data centers.
10-K FY2024 - Item 7 MD&A
this new high performance data center will feature a design built to efficiently compute intensive workloads like artificial intelligence (AI), supported by capabilities such as advanced liquid cooling
10-K FY2024 - Item 1 Business
Our cabinet utilization rates were approximately 78% and 79%, as of December 31, 2024 and 2023, respectively.
10-K FY2024 - Item 7 MD&A
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