Equinix drops after Q1 results disappoint and boost to full-year sales guidance falls short of expectations
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Equinix's stock is declining after disappointing Q1 results, with revenue of $2.44 billion and adjusted EBITDA of $1.25 billion falling short of expectations. The company's full-year sales guidance of $10.14 billion to $10.24 billion also did not meet Wall Street's $10.22 billion estimate. Despite strong demand from AI and cloud workloads, investors reacted negatively, showing little tolerance for the missed targets after a significant year-to-date gain of 42%.
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