EQIX Investor presentation

Page 1

Page 2

© 2026 Equinix, Inc. 2 Forward-Looking Statements Except for historical information, this presentation contains forward-looking statements which include words such as “believe,” “anticipate,” and “expect.” These forward-looking statements involve risks and uncertainties that may cause Equinix’s actual results to differ materially from the expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of building, and operating, IBX and xScale data centers, including related to sourcing suitable power and land, and any supply chain constraints or increased costs of supplies; the challenges of developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. Refer to our annual report on Form 10-K filed with the SEC on February 11, 2026 and our most recent quarterly report on Form 10-Q. In addition, Equinix does not assume any obligation to update the forward-looking information contained in this presentation. Non-GAAP Information This presentation contains references to certain non-GAAP financial measures. For definitions of terms including, but not limited to, “Cash Gross Profit,” “Cash Gross Margins,” “Cash SG&A,” “Adjusted EBITDA,” “Funds From Operations,” “Adjusted Funds From Operations,” and “Adjusted Net Operating Income,” and a detailed reconciliation between the non-GAAP financial results presented in this presentation and the corresponding GAAP measures, please refer to the supplemental data and the appendix of this presentation. Public Disclosure Statement

Page 3

© 2026 Equinix, Inc. 3 1. Company Overview • Worlds digital infrastructure company • Track record of growth and profitability • Essential to AI advancement • Strong bookings momentum • Strategic focus is meeting the moment 2. Business Update • Most global and comprehensive ecosystem • High-quality diversified customer base • Demand-driven capital expenditures • Growth-focused balance sheet 3. Recent Highlights & Outlook Update • Strength across the business • 2026 guidance raised • 2027-2029 outlook raised Contents and Key Themes

Page 4

Page 5

© 2026 Equinix, Inc. 5 Enterprise Customer Requirements Network Diversity Low Latency AI-Ready Interconnection Cloud Proximity Reliability Equinix provides the essential layer of connectivity Accelerating Momentum • 11-12%(2) revenue growth expected in 2026 underpinned by bookings acceleration • Leveraging strong balance sheet to drive accretive growth • Industry-leading capital allocation strategy resulting in 27% unlevered yields • Operating leverage from scale and cost discipline supporting margin expansion Expansive Portfolio • Colocation to enable workload diversity with increasing power densities • Physical and virtual interconnection portfolio serving as backbone of AI inferencing and core networking requirements monetized through interconnection and services • xScale strengthens hyperscaler ecosystem at major metros Unmatched Ecosystem • Largest customer base (10,500+): ✓ 5,500+ enterprises ✓ ~3,000 cloud and IT service providers ✓ 2,000+ networks • Most customer interconnections (522,000+) • Most cloud on-ramps (230) • 282 data centers across 77 global metros delivering 99.9999%+ of availability (3) Security, Privacy & Sovereignty (1) As of Q2 26 unless otherwise noted (2) Shown on a normalized and constant currency basis (3) As of FY 25 Positioned for the Multi-Year Data Infrastructure Investment Cycle (1) AI-driven enterprise technology ecosystems are growing more distributed, which plays to Equinix’s unique strengths 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 6

© 2026 Equinix, Inc. A Track Record of Growth and Profitability (1) Enabling broader technological advancement and evolution Cloud, SaaS Mobile, IoT Internet Scale Remote Work AI Hybrid and Multi-Cloud IBX® Internet Exchange On-Ramps Fabric Cloud Router Equinix Fabric® 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Revenues Adj. EBITDA 6 (1) FY26 guidance as announced on form 10-Q filed July 29th, 2026. This does not constitute an update or reiteration of such guidance. 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 7

© 2026 Equinix, Inc. 7 40-600 <103-5 WHOLESALE & CLOUDDEVICE EDGE METRO EDGEFAR EDGE Examples: • Vehicles • Phones • Robots Examples: • Enterprises • Airports • Stores Examples: • Hyperscalers • Wholesale • Neoclouds • Equinix xScale Latency (milliseconds) 522,000+ Interconnections Network Diversity Cloud Proximity AI-Ready Interconnection Low Latency Security & Privacy Reliability Equinix IBX Physical & Virtual Ecosystem Equinix’s Metro Edge is Essential to AI Processing Infrastructure and ecosystem enable the shift from AI training to inference 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update 8 of the top 10 AI model providers and 8 of the top 10 neoclouds are actively expanding with Equinix

Page 8

© 2026 Equinix, Inc. Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q1 26 Q2 26 $334 $394 $378 $316 Q2 24 $474 $302 $345$348 Q4 25 $424 +23% Quarterly Gross Bookings - Annualized 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Strong Bookings Momentum Driving Our Growth Trajectory Customer demand is broad-based and includes momentum from emerging customer AI use cases

Page 9

© 2026 Equinix, Inc. Organic InvestmentsOrganic Investments Return of CapitalReturn of Capital Strategic AcquisitionsStrategic Acquisitions Our Strategy Recent Highlights Significant Verizon Data Centers Switch and Data ALOG Telecity Group Metronode • Expand platform • Increase ownership • Optimize through technology initiatives • Stable, reliable cash flow generation • Consistent cash dividend growth since REIT conversion in 2015 (total paid ~$12B). Investment Grade RatingsInvestment Grade Ratings Strong Liquidity ProfileStrong Liquidity Profile Best in Class Capital AllocationBest in Class Capital Allocation Financial Priorities Balanced with Strategic Capital Allocation Solve Smarter Improving Yields Build Bolder Increasing Capacity Run Simpler Optimizing Speed and Efficiency Grow Together Fostering Employee and Customer Satisfaction Serve Better Accelerating Bookings 9 Our Strategic Focus Executing to meet the moment 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 10

© 2026 Equinix, Inc. 10 Drive Social Progress Lead With IntegrityGrow Our Digital Infrastructure Sustainably • Achieved 1.37 average annual PUE in 2025 (5.3% year-over-year improvement) • Drove environmental stewardship and operational excellence with $36M invested in energy efficiency in 2025 • Reached 96% renewable energy coverage globally (>90% coverage since 2018), tracking toward our 100% clean and renewable energy coverage goal by 2030(3) • First ever EcoVadis Gold Medal • Maintained CDP Climate A score • Partnered with 60 organizations in digital inclusion funded by Equinix Foundation • Established 44 WeAreEquinix teams around the world, localizing our belonging efforts • Sourced 11.7% of our global hires from internships, apprenticeships and traineeships • Supported 2,900+ causes with $4.9M in funding donated through employee donations, matching gifts, community-based donations, crisis response efforts and Equinix Foundation grants • Issued $9.5B+ in Green Bonds since 2020,(2) making Equinix one of the top five U.S corporate issuers of green bonds • Issued $2.6B in green bonds in 2025, including our first issuance in Singapore • Reached 12 years of 100% employee completion of Ethics and Compliance Trainings • Held 27 board and leadership positions on major data center trade associations Awards and recognition Future First Sustainability (1) Our digital infrastructure fosters positive change through critical, secure, efficient and responsible solutions (1) Data derived from FY 2025 Sustainability Report (2) Reflects Green Bonds issued as of 2026 (3) Coverage only includes retail IBXs 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 11

Page 12

© 2026 Equinix, Inc. 12 36.3M Gross Square Feet (1) 282 Data Centers 77 Markets 36 Countries 522,000+ Interconnections ~3 GW of Developable Capacity (2) 230 Cloud On-Ramps 10,500+ Customers (1) Includes xScale assets (2) Developable capacity includes announced expansions and land under control The Most Global and Comprehensive Digital Ecosystem Providing the infrastructure reach needed for today’s distributed, complex and demanding workloads 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 13

© 2026 Equinix, Inc. 13 Equinix Data Centers At-a-Glance Secure and reliable data centers that uniquely serve customers’ critical technology infrastructure needs Revenue generated from space, power, interconnection and services Equinix owns: • Building shell and core • Power and cooling • Exchanges and cross connects Customer owns: • Servers • Storage • Networking equipment % of Recurring Revenue Long-Term Control of Revenues • 84% of recurring revenue is in owned or leased properties with expirations in 2041 and beyond • Strategy in-place to increase owned % over time Leasing can overcome roadblocks to growth: • Foreign company ownership restrictions • Certain multi-tenant building impracticalities • Geographic-focused capital risk management Equinix approach to leasing: • Long lease durations (>18 years on average) • Favorable renewal and purchase options • Focused landlord exposure management • Results in limited impact (cash rents ~0.4% or revenues) Owned and leased strategy maximizes the opportunity (1) (1) As of Q2 26 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 14

© 2026 Equinix, Inc. 14 Global New Customer Count and Churn % Q2 26Q1 26Q4 25Q3 25Q2 25 280270270250220Gross New Global Customers (3) 1.8%1.7%2.2%2.3%2.6%MRR Churn (4) Top 10 Customers (2) IBX CountRegion Count% of MRRCustomer TypeRank 7732.3%Cloud & IT1 9032.3%Cloud & IT2 5532.2%Cloud & IT3 4032.0%Cloud & IT4 8631.7%Cloud & IT5 14231.5%Network6 13231.1%Network7 3831.1%Cloud & IT8 4731.1%Cloud & IT9 8831.0%Cloud & IT10 80Top 10 Avg.16.4%Top 10 52Top 50 Avg.36.6%Top 50 63% Three-Region Customers 76% Multi-Region Customers 90% Multi-Metro Customers Customers in Multiple Locations (1) (1) Derived from Q2 26 recurring revenues; excludes Equinix Metal, TIM acquisition and BT Group acquisition (2) Top Customers as of Q2 26; excludes Equinix Metal, TIM acquisition and BT Group acquisition (3) Gross New Global Customers excludes acquisitions and customers added through the channel and is based on the count of unique global parents (4) MRR Churn is defined as a reduction in term-based contracted MRR attributed to customer terminations divided by MRR billing at t he beginning of the quarter. Excludes usage-based services, TIM acquisition and BT Group acquisition. Equinix Metal excluded starting Q1 26 Large and Diversified Customer Base Highly distributed customer base that reflects the critical needs we serve 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 15

© 2026 Equinix, Inc. 15 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Stabilized, Expansion and New IBX Data Centers Stabilized Data Center Profitability ($M) Competitive advantages drive 27% stabilized development returns (3) $19,536 $7,309 $5,132 $153Last Quarter Reported Strong Stabilized Data Center Performance ✓ 82% utilized ✓ 6% revenue growth YoY (constant currency) Revenue growth derived from contractual price increases, interconnection and increasing power densities (1) Refer to appendix for definitions of Stabilized, Expansion and New data centers (2) Excludes Equinix Metal, Infomart non-IBX tenant income, non-data center assets and xScale JVs (3) Cash generated on gross PP&E investment calculated as: cash gross profit for the trailing four quarters on a constant currenc y basis divided by gross PP&E as of Q2 26 Leading Stabilized Data Center Performance (1)(2) Capital allocation, development and operating advantages drive growth and returns well above industry norms 194 52 12 Stabilized Expansion New $1,893 $525 258 IBX Data Centers Q2 26 Revenues, ($M) $19,639 $7,434 $5,232 $144 Investment (Q2 26 Gross PP&E) Trailing 4-Qtr Revenues Trailing 4-Qtr Cash Gross Profit Trailing 4-Qtr Cash Maintenance Capital Expenditures 38% of Investment 70% Cash Gross Profit Margin 2% of Revenues

Page 16

© 2026 Equinix, Inc. 16 (1) As of Q2 26 (2) Includes Personnel Expenses, Office Expense, Taxes, Licenses and Insurance, Bad Debt Expense and Other Costs 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Utilities Cost as a % of RevenuesUtilities Cost as a % of Revenues Active Power Cost Management • Energy efficiency initiatives • Proactive management in deregulated markets • Customer contract risk mitigation 15%Q1 24 14% Q2 24 15% Q3 24 14% Q4 24 13% Q1 25 12% Q2 25 14% Q3 25 13% Q4 25 13% Q1 26 12% Q2 26 5% 6% 25%7% 37% 20% Labor Outside Services Utilities Rent Consumables and Other IBX Repairs & Maintenance (2) Cash Cost of Revenues and Cash SG&A A Fixed and Predictable Cost Model (1)

Page 17

© 2026 Equinix, Inc. 1. Company Overview 2. 2026 2027 2028 2029 Total Capex(1) Metro Q2 Q3 Q4 Q1 Q2 Chicago 700 700 Dallas 1,675 Miami 475 New York 1,100 São Paulo 600 Silicon Valley 900 Washington, D.C. Other Americas Metros Americas Sellable IBX Cabinet Adds 900 Frankfurt 1,400 Istanbul 1,325 London Paris 200 Other EMEA Metros 825 1,850 EMEA Sellable IBX Cabinet Adds 825 Hong Kong Johor 1,100 1,125 Osaka Singapore 1,550 Sydney 1,350 Tokyo 750 Other Asia-Pacific Metros Asia-Pacific Sellable IBX Cabinet Adds - Global Sellable IBX Cabinet Adds 1,725 Global Sellable IBX Cabinet Announced Expansions • 52 projects across 33 markets and 21 countries • 42,500+ cabinets through 2027 • ~30% of 2026 expansion cabinets are already pre-sold Retail IBX Data Center Expansion Expanding to meet robust 17© 2026 Equinix, Inc. 17 (1) Sellable cabinet equivalents and capital expenditures are approximate and may change based on final construction detail Business Update 3. Recent Highlights & Outlook Update Q3 Q4 Q1 Q2 Q3 Q4 Q1 $US millions 700 1,675 1,700 1,224 1,850 1,850 1,026 600 158 325 1,625 576 700 109 2,050 1,050 708 4,475 2,350 766 550 850 1,075 234 2,825 5,875 4,475 2,475 2,350 2,775 - 4,575 1,625 1,700 - 4,801 2,000 775 775 1,019 1,400 488 1,425 1,425 365 475 600 153 325 675 975 1,375 1,350 916 1,850 2,925 1,425 475 325 675 4,400 2,750 1,350 775 1,400 2,940 725 675 511 500 400 250 250 500 355 290 96 225 97 1,400 2,500 1,100 2,275 467 750 5,400 1,350 2,500 1,600 2,675 975 250 675 500 - 1,816 5,425 14,200 7,250 5,450 4,275 6,125 5,375 7,575 3,650 2,975 1,400 9,557 Adds, by Year 23,100 19,575 1,40021,350 global demand in a target market where we our value proposition is differentiated

Page 18

© 2026 Equinix, Inc. 18 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update (1) Totals may not sum due to rounding (2) Includes all previously opened xScale facilities and announced projects xScale Data Center Expansion xScale broadens our service of high-quality hyperscaler customers Region Project Phase Opening Cost ($M) Phase Capacity (MW) Phase Leasing (MW) AMER Atlanta 10x-1 Q2 2027 632$ 60 60 Atlanta 11x-1 Q4 2027 632$ 60 60 EMEA Milan 7x-3 Open 78$ 10 10 Paris 12x-1 Q3 2026 277$ 14 14 Paris 12x-2 Q4 2026 145$ 14 14 Dublin 7x-1 Q4 2027 78$ 4 4 APAC Sydney 9x-2 Q3 2026 137$ 14 0 Osaka 5x-1 Q1 2027 177$ 19 19 Total Portfolio Capacity Under Development (1) 2,157$ 196 182 Previously Opened Capacity 4,469$ 408 396 Total Portfolio(1) (2) 6,626$ 604 577 440+ MW Leased 23 Operational Facilities 13 Metros Across our current portfolio… …when fully built out (3) ~2,000 MW of Capacity $23+ Billion of Total Investment 575+ MW Leased 23 Operational Facilities 13 Metros Across our current portfolio… Recent Activity: Signed 134MW of leasing across the Americas in Q2 2026

Page 19

© 2026 Equinix, Inc. 19 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update (1) Based on balances as of June 30, 2026 (2) Interest rate noted is tax effected (3) No forward ATM sales had settled during Q2 26 (4) Includes $2.2 billion of cash, cash equivalents and short-term investments and $5.5 billion of undrawn capacity in our revolving credit facility, considering the refinancing of this facility on July 27, 2026. Excludes restricted cash. (5) After-tax and includes the impact of debt hedging derivatives (6) Includes finance lease liabilities of $2.3B and the impact of debt hedging derivatives. Excludes operating lease liabilities of $1.4B (7) Based on exchange rates at time of issuance (8) Includes the impact of debt hedging derivatives A Growth-Focused Balance Sheet (1) Investment grade rated with global capital access Recent Capital Markets Activity • Issued C$650M of CAD notes due 2030 with an effective coupon of ~3.02% (2) • Issued C$600M of CAD notes due 2035 with an effective coupon of ~3.65% (2) • Executed forward ATM shares with a future net settlement value of ~$500M (3) • Repaid $700M of USD notes due May 2026 $7.7B Available Liquidity (4) 3.6x Net Leverage Ratio ~$22B Total Gross Debt (6) ~$9B Green Notes Outstanding (7) Baa1 / BBB+ / BBB+ Ratings Majority of our debt is in foreign currencies including EUR, SGD and CAD 46% 33% USD EUR JPY SGD CHF CAD Other Debt by Currency (8) 21% 3.0% Blended Borrowing Rate (5)

Page 20

© 2026 Equinix, Inc. 20 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update (1) Balances as of June 30, 2026, excluding leases. Blended borrowing rates noted are after -tax and include impact of debt hedging d erivatives Debt Maturities (1) 3.0% blended borrowing rate with 6.4 year weighted average maturity $B $1B $2B $3B $4B $5B USD Senior Notes EUR Senior Notes CHF Senior Notes SGD Senior Notes CAD Senior Notes JPY Senior Notes 20522051205020432035203420332032203120302029202820272026 $0.5$0.5$0.5$0.2$0.7$2.2$2.2$2.2$2.4$3.2$2.2$1.4$1.1$0.6Total ($B) 3.4%3.0%3.0%2.5%2.9%3.9%3.2%3.5%2.8%2.9%2.9%2.0%1.8%2.9%Blended Borrowing rate Green Notes Managing our Maturities • Issued C$650M of 4Y and C$600M 9Y Senior Notes • Repaid $700M of USD Senior Notes

Page 21

Page 22

© 2026 Equinix, Inc. 22 Accelerating Bookings Improving Yields Increasing Capacity Optimizing Speed and Efficiency Fostering Employee and Customer Satisfaction Serve Better Solve Smarter Build Bolder Run Simpler Grow Together • Delivered record Q2 annualized gross bookings, up 23% YoY, with second-strongest presales activity,up over 50% YoY • Stabilized assets achieved a 27% cash-on-cash yield (1) • +300 bps YoY adjusted EBITDA margin expansion. Approximately 150 bps expansion excluding xScale leasing fees • Accelerating more than 7,000 cabinetsfrom 2027 into Q4 2026 • Raising full-year revenue growth guidance to 11 - 12% YoY,up from 10 - 11%. Representing a $100M underlying increase (2) • Raising full-year AFFO growth guidance to 12 - 13% YoY, up from 10 - 12%. Representing a $50M underlying increase(2) Translating Our Strategy into Results Driving strong performance and an improved outlook (1) Cash generated on gross PP&E investment calculated as: cash gross profit for the trailing four quarters on a constant currenc y basis divided by gross PP&E as of Q2 2026 (2) Partially offset by FX 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update

Page 23

© 2026 Equinix, Inc. 23 (1) FY26 guidance as announced on form 10-Q filed July 29th, 2026. This does not constitute an update or reiteration of such guidanc e. (2) Guidance includes a negative foreign currency impact of approximately $49M compared to Q2 26 FX guidance rates, including the net effect from our hedging transactions (3) Guidance includes a negative foreign currency impact of approximately $21M compared to Q2 26 FX guidance rates and a negative foreign currency impact of approximately $12M compared to Q2 26 average FX rates, including the net effect from our hedging tra nsactions (4) Normalized for net power price decreases of $20M expected in FY26, $15M annualized impact of FY25 price decreases, Equinix Me tal YoY decrease of $55M, and a foreign currency benefit of approximately $111M between Q2 26 spot rates and FY25 average FX rate s (5) Q3 26 YoY revenues normalized for a minimal foreign currency benefit between Q3 26 FX guidance rates and Q3 25 average FX rat es, $5M YoY net power pass-through reduction and $15M YoY Equinix Metal revenue roll -off (6) Guidance includes a negative foreign currency impact of approximately $27M compared to Q2 26 FX guidance rates, including the net effect from our hedging transactions (7) Guidance includes a negative foreign currency impact of approximately $11M compared to Q2 26 FX guidance rates and a negative foreign currency impact of $7M compared to Q2 26 average FX rates, including the net effect from our hedging transactions (8) Guidance excludes any related capital markets activities the Company may undertake in the future (9) Growth rates normalized for integration costs related to acquisitions, foreign exchange impact and other adjustments 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Q3 2026FY 2026($M except AFFO per Share) $2,525 - 2,575 (3) 10 - 12% (5) $10,205 - 10,285 (2) 11 - 12% (4) (10 - 11% prior) Revenues $1,275 - 1,315 (7) ~51% $5,210 - 5,270 (6) ~51% Adjusted EBITDA Adjusted EBITDA margin % $70 - 90 3 - 4% $290 - 310 ~3% Recurring Capital Expenditures % of revenues $4,710 - 5,690 (~$3,800 prior) Non-recurring Capital Expenditures (excludes xScale and real estate acquisitions) $4,240 - 4,300 (8) ($4,198 - 4,278 prior)AFFO $42.69 - 43.29 (8) 10 - 12% (9) (9 - 11% prior) AFFO per Share (Diluted) ~$2,039Expected Cash Dividends 2026 Financial Guidance (1) Raised outlook driven by strong underlying business fundamentals and focused execution

Page 24

© 2026 Equinix, Inc. 24 (1) FY26 guidance as announced on form 10-Q filed July 29th, 2026. This does not constitute an update or reiteration of such guidanc e. (2) Q3 25 revenues normalized for a minimal foreign currency benefit between Q3 26 FX guidance rates and Q3 25 average FX rates, $5M YoY lower net power pass-through, $15M YoY Equinix Metal revenue roll-off and a $6M YoY impact for the BT Group acquisition (3) Q3 25 adjusted EBITDA normalized for a minimal foreign currency impact between Q3 26 FX guidance rates and Q3 25 average FX r ates and $2M YoY impact for the BT Group acquisition Q3 2026 Guidance ($M) (1) Revenue increasing 11% YoY at the mid-point of guidance 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Revenues Adjusted EBITDA 50% ~51% Q3 25 As-reported $1 Normalizing (3) Q3 25 Normalized Q3 26 Guidance $1,148 $1,149 $1,275 - 1,315 +11 - 14% Q3 25 As-reported ($14) Normalizing (2) Q3 25 Normalized Q3 26 Guidance $2,316 $2,302 $2,525 - 2,575 +10 - 12% Adjusted EBITDA Margin

Page 25

© 2026 Equinix, Inc. 25 (1) FY26 guidance as announced on form 10-Q filed July 29th, 2026. This does not constitute an update or reiteration of such guidanc e (2) Normalized for net power price decreases of $20M expected in FY26, $15M annualized impact of FY25 price decreases, Equinix Me tal YoY decrease of $55M, and a foreign currency benefit of approximately $111M between Q2 26 spot rates and FY25 average FX rates (3) Normalized for constant currency and excludes both net power pass -through and Equinix Metal 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update $62 FY25 As-reported Prior Guidance ($27) FX Guidance Adjustment FY26 Guidance $4,530 $5,165 - 5,245 $5,210 - 5,270 +15 - 16% $100 FY25 As-reported Prior Guidance ($49) FX Guidance Adjustment FY26 Guidance $9,217 $10,144 - 10,244 $10,205 - 10,285 +11 - 12% 11 - 12%(2)6% ~10%8% Normalized Total Revenue growth (3) Normalized MRR growth (3) Adjusted EBITDA Margin ~51%49% Revenues Adjusted EBITDA Full-Year 2026 Guidance ($M) (1) Record underlying revenue and adjusted EBITDA raises, reflecting continued momentum and margin accretion 10 - 11% 9 - 10% ~51%

Page 26

© 2026 Equinix, Inc. 26 (1) FY26 guidance as announced on form 10-Q filed July 29th, 2026. This does not constitute an update or reiteration of such guidanc e. (2) Guidance excludes any M&A and related capital markets activities the Company may undertake in the future (3) Growth rates normalized for integration costs related to acquisitions, foreign exchange impact and other adjustments Full-Year 2026 AFFO Guidance ($M, except per share) (1)(2)(3) Record $50M Underlying AFFO raise, increasing per share growth guidance to 10 - 12% (9 - 11% prior) 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Raise AFFO guidance Prior Full Year Guidance $4,198 - 4,278 Foreign Exchange (18) Adjusted EBITDA +62 AFFO Adjustments (12) Current Guidance $4,240 - 4,300 AFFO per Share (Diluted) Share Count (Diluted) 99.3M99.2M FY25 As-reported Prior Guidance ($18) FX $50 Guidance Adjustment FY26 Guidance $3,761 $4,198 - 4,278 $4,240 - 4,300 $42.69 - 43.29 1 2 Normalized Constant Currency YoY Growth AFFO 12 - 13% $38.33 98.1M $42.31 - 43.11 1 FY26 Adjusted EBITDA to AFFO Guidance FY26 Adjusted EBITDA Guidance $5,210 - 5,270 Net Interest Expense (440) Recurring Capital Expenditures (300) Tax Expense (205) Other (25) Current Guidance $4,240 - 4,300 2 AFFO 10 - 12%

Page 27

© 2026 Equinix, Inc. 27 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update Dividend Outlook Operating and financial performance drives strong dividend growth Annual Cash Dividend per Share $1,137 $1,359 $1,624 $1,835 Annual Total Cash Dividends Paid ($M) ~$2,039 Expected 2026 Cash Dividend of ~$2,039M • Third quarter cash dividend of $5.16 to be paid on September 16, 2026 • 2026 total cash dividends expected to be paid of ~$2,039M (▲11% YoY) and $20.64 per share (▲10% YoY) • 11 years of cash dividend growth since REIT conversion in 2015. Through June 30, 2026, total cash dividends paid of ~$12B FY22 FY23 FY24 FY25 FY26 Guidance $12.40 $14.49 $17.04 $18.76 $20.64 +10% +10% 48% Payout Ratio 45% Payout Ratio 42% Payout Ratio 49% Payout Ratio ~48% Payout Ratio

Page 28

© 2026 Equinix, Inc. 28 1. Company Overview 2. Business Update 3. Recent Highlights & Outlook Update A Strong Long-Term Outlook Improved outlook on better-than-expected demand, accelerating bookings and presales, and continued execution Serve Better Accelerating Bookings Solve Smarter Improving Yields Build Bolder Increasing Capacity Run Simpler Optimizing Speed and Efficiency Grow Together Fostering Employee and Customer Satisfaction Updated Outlook 2027-2029Prior Outlook (1) 10 - 13%7 - 10%Total Revenue Growth Annual Range 53%+52%+Adjusted EBITDA Margin In 2029 $5 - 7B$3 - 4BTotal Capital Expenditures Annual Range (2) 9 - 12%5 - 9%AFFO per Share Growth Annual Range Approximates AFFO per Share Growth8%+Dividend per Share Growth Annual Range In-line with Current Investment Grade Ratings In-line with Current Investment Grade Ratings Net Leverage Ratio (3) In 2029 Strategic Pillars (1) Provided at Equinix’s June 2025 Analyst Day (2) Excludes M&A activity, real estate acquisitions and xScale (3) Includes finance lease liabilities

Page 29

Page 30

© 2026 Equinix, Inc. 30 Metro Count Stabilized Expansion New Acquisition xScale Owned Leased Atlanta 2 AT1, AT4 AT4 AT1 Bogota 2 BG1 BG2 BG1, BG2 Boston 1 BO2 BO2 Calgary 3 CL1, CL2 CL3 CL3 CL1, CL2 Chicago 6 CH1, CH3, CH4, CH7 CH2 CH5 CH3, CH5 , CH7 CH1, CH2, CH4 Culpeper 4 CU1,CU2, CU3 CU4 CU1, CU2, CU3, CU4 Dallas 8 DA1, DA2, DA3, DA4, DA6, DA7, DA9 DA11 DA1, DA2, DA3, DA6, DA9, DA11 DA4, DA7 Washington DC/Ashburn 16 DC1, DC3, DC4, DC5, DC6, DC10, DC11, DC12, DC13, DC14, DC15, DC21, DC97 DC2, DC16 DC22 DC1, DC2, DC4, DC5, DC6, DC11, DC12, DC13, DC14, DC15, DC16, DC21, DC22 DC3, DC10, DC97 Denver 2 DE1 DE2 DE2 DE1 Houston 1 HO1 HO1 Kamloops 1 KA1 KA1 Lima 1 LM1 LM1 Los Angeles 4 LA1, LA3, LA7 LA4 LA4, LA7 LA1, LA3 Mexico City 2 MX1 MX2 MX1, MX2 Miami 4 MI2, MI3, MI6 MI1 MI1, MI6 MI2, MI3 Monterrey 2 MO1 MO2 MO2 MO1 Montreal 2 MT1, MT2 MT1, MT2 New York 10 NY1, NY2, NY4, NY5, NY6, NY7, NY9, NY13 NY11, NY3 NY2, NY3*, NY4*, NY5*, NY6*, NY11 NY1, NY7, NY9, NY13 Ottawa 1 OT1 OT1 Philadelphia 1 PH1 PH1 Rio de Janeiro 3 RJ1, RJ2 RJ3 RJ2*, RJ3 RJ1 Santiago 4 ST1, ST3, ST4 ST2 ST1, ST2, ST3, ST4 Sao Paulo 6 SP1, SP2, SP3 SP4 SP6 SP5x SP1, SP2, SP3, SP4, SP5x, SP6 Seattle 3 SE2, SE3 SE4 SE4 SE2, SE3 Silicon Valley 13 SV1, SV2, SV3, SV4, SV5, SV8, SV10, SV11, SV14, SV15, SV16 SV18 SV12x SV1, SV5, SV10, SV11, SV12x, SV14, SV15, SV16, SV18 SV2, SV3, SV4, SV8 St. John 1 SJ1 SJ1 Toronto 6 TR1, TR2, TR4, TR5 TR6, TR7 TR2, TR6, TR7 TR1, TR4, TR5 Vancouver 1 VA1 VA1 Winnipeg 1 WI1 WI1 Americas 111 80 24 5 0 2 77 34 Status Change Subject to long-term ground lease (1) Stabilized/Expansion/New data center categorization are reset annually in Q1 * Change Summary (1) New IBX SV18 Closed IBX DC7 Data Center Portfolio Composition – AMER

Page 31

© 2026 Equinix, Inc. 31 Metro Count Stabilized Expansion New Acquisition xScale Owned Leased Abidjan 1 AB1 AB1 Abu Dhabi 1 AD1 AD1 Accra 1 AC1 AC1 Amsterdam 9 AM1, AM2, AM3, AM4, AM5, AM6, AM7, AM8, AM11 AM1*, AM2*, AM3*, AM4*, AM5, AM6, AM8, AM11 Barcelona 2 BA1 BA2 BA2 BA1 Bordeaux 1 BX1 BX1 Dubai 3 DX1, DX2 DX3 DX3* DX1, DX2 Dublin 7 DB1, DB2, DB3, DB4 DB9 DB5x, DB6x DB1, DB2, DB3, DB4, DB5x*, DB6x* DB9 Dusseldorf 1 DU1 DU1 East Netherlands 2 EN1, ZW1 EN1, ZW1 Frankfurt 11 FR2, FR4, FR6, FR7 FR5, FR8, FR13 FR9x, FR10x, FR11x, FR16x FR2, FR4, FR5, FR6, FR8, FR9x, FR10x, FR11x, FR13, FR16x FR7 Geneva 2 GV1, GV2 GV2 GV1 Genoa 1 GN1 GN1 Hamburg 1 HH1 HH1 Helsinki 5 HE3, HE4, HE5, HE6 HE7 HE5, HE6, HE7 HE3, HE4 Istanbul 2 IL2, IL4 IL2, IL4 Johannesburg 1 JN1 JN1 Lagos 2 LG1 LG2 LG1, LG2 Lisbon 2 LS1 LS2 LS1, LS2 London 10 LD3, LD4, LD5, LD6, LD7, LD8 LD9, LD10 LD11x, LD13x LD4*, LD5*, LD6*, LD7*, LD8 LD3, LD9, LD10, LD11x, LD13x Madrid 6 MD1, MD2, MD6 MD5 MD3x, MD4x MD2, MD3x, MD4x, MD5 MD1, MD6 Manchester 4 MA1, MA3, MA4 MA5 MA5 MA1, MA3, MA4 Milan 4 ML2, ML3 ML5 ML7x ML3, ML5, ML7x ML2 Munich 3 MU1, MU3 MU4 MU4 MU1, MU3 Muscat 1 MC1 MC1 Paris 10 PA2, PA3, PA4, PA5, PA6, PA7, PA10 PA8x, PA9x, PA13x PA2, PA3, PA4, PA8x, PA9x*, PA10, PA13x PA5, PA6, PA7 Salalah 1 SN1 SN1 Sofia 2 SO1, SO2 SO1, SO2 Stockholm 3 SK1, SK2, SK3 SK2, SK3 SK1 Warsaw 4 WA1, WA2 WA3 WA4x WA3, WA4x WA1, WA2 Zurich 3 ZH2 ZH4, ZH5 ZH5 ZH2, ZH4 EMEA 106 69 18 3 1 15 72 34 Status Change Subject to long-term ground lease (1) Stabilized/Expansion/New data center categorization are reset annually in Q1 * Change Summary (1) New IBX MD5 Leased to Owned JN1 Data Center Portfolio Composition – EMEA

Page 32

© 2026 Equinix, Inc. 32 Metro Count Stabilized Expansion New Acquisition xScale Owned Leased Adelaide 1 AE1 AE1 Brisbane 1 BR1 BR1 Canberra 1 CA1 CA1* Chennai 1 CN1 CN1 Hong Kong 6 HK2, HK3, HK4, HK5 HK1 HK6 HK1, HK2, HK3, HK4, HK5, HK6 Jakarta 1 JK1 JK1 Johor 1 JH1 JH1 Kuala Lumpur 1 KL1 KL1 Manila 3 MN1, MN2, MN3 MN1, MN2, MN3 Melbourne 4 ME1, ME2, ME4, ME5 ME1, ME2, ME4, ME5 Mumbai 4 MB1, MB2 MB4 MB3 MB2, MB3 MB1, MB4 Osaka 4 OS1 OS3 OS2x, OS4x OS2x, OS4x OS1, OS3 Perth 3 PE1, PE2 PE3 PE1, PE2*, PE3* Seoul 3 SL1, SL4 SL2x SL2x SL1, SL4 Singapore 5 SG1, SG2, SG3, SG5 SG4 SG3, SG5 SG1, SG2, SG4 Shanghai 4 SH2, SH3, SH5 SH6 SH3 SH2, SH5, SH6 Sydney 8 SY1, SY2, SY3, SY4, SY7 SY5, SY6 SY9x SY1, SY2, SY4*, SY5, SY6, SY7, SY9x SY3 Tokyo 14 TY1, TY2, TY3, TY4, TY5, TY6, TY7, TY8, TY9, TY10, TY11TY15 TY12x, TY13x TY10*, TY12x, TY13x TY1, TY2, TY3, TY4, TY5, TY6, TY7, TY8, TY9, TY11, TY15 APAC 65 45 10 4 0 6 30 35 Total 282 194 52 12 1 23 179 103 Status Change Subject to long-term ground lease (1) Stabilized/Expansion/New data center categorization are reset annually in Q1 * Change Summary (1) Acquisition to Stabilized MN1 MN2 MN3 Data Center Portfolio Composition – APAC

Page 33

Page 34

Page 35

Page 36

Page 37

© 2026 Equinix, Inc. 37 Consolidated NOI calculation Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 (unaudited and in millions) Revenues 2,625 2,444 2,420 2,316 2,256 Non-Recurring Revenues (NRR) (1) 115 96 100 98 102 Other Revenues(2) 178 64 71 53 57 Recurring Revenues (1) 2,332 2,285 2,249 2,166 2,098 Cost of Revenues (1,230) (1,186) (1,198) (1,142) (1,084) Depreciation, Amortization and Accretion Expense 421 405 409 375 361 Stock-Based Compensation Expense 19 16 16 15 16 Total Cash Cost of Revenues (1) (790) (765) (773) (752) (707) Non-Recurring Cash Cost of Revenues Allocation (1) (76) (66) (66) (65) (71) Other Cash Cost of Revenues (2) (70) (64) (45) (52) (45) Recurring Cash Cost of Revenues Allocation (644) (635) (662) (635) (591) Operating Lease Rent Expense Add-back (3) 54 61 54 56 51 Recurring Cash Cost excluding Operating Lease Rent (590) (575) (608) (579) (540) SG&A (701) (685) (715) (689) (672) Depreciation and Amortization Expense 136 139 142 158 141 Stock-based Compensation Expense 126 112 112 115 111 Total Cash SG&A (439) (434) (461) (416) (420) Corporate Cash SG&A in HQ Functions Not Allocated to Regions NOI (4) (231) (230) (231) (213) (208) Other Cash SG&A(5) (6) (1) (26) (22) (21) Regional Cash SG&A Allocated to Properties (202) (203) (204) (181) (191) (1) Excludes revenues and cash cost of revenues from Equinix Metal and non -data center assets (2) Includes revenues and cash cost of revenues from Equinix Metal, non -data center assets and xScale JVs (3) Adjusted NOI excludes operating lease expenses (4) SG&A costs not directly supporting a regional portfolio (5) SG&A related to non-data center assets, xScale JVs and integration costs Non-GAAP Reconciliations

Page 38

© 2026 Equinix, Inc. 38 (unaudited and in millions) Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Adjusted EBITDA(1) 1,396 1,245 1,186 1,148 1,129 Adjustments: Non-Recurring Revenues (NRR) (2) (115) (96) (100) (98) (102) Other Revenues (3) (178) (64) (71) (53) (57) Non-Recurring Cash Cost of Revenues Allocation (2) 76 66 66 65 71 Other Cash Cost of Revenues (3) 70 64 45 52 45 Corporate Cash SG&A in HQ Functions Not Allocated to Regions NOI (4) 231 230 231 213 208 Other Cash SG&A(5) 6 1 26 22 21 Operating Lease Rent Expense Add-back (6) 54 61 54 56 51 Adjusted Cash Net Operating Income 1,540 1,507 1,437 1,405 1,366 (1) Net income to adjusted EBITDA reconciliation provided on slide 42 (2) Excludes revenues and cash cost of revenues from Equinix Metal, non -data center assets and xScale JVs (3) Includes revenues and cash cost of revenues from Equinix Metal, non -data center assets and xScale JVs (4) SG&A costs not directly supporting a regional portfolio (5) SG&A related to Equinix Metal, non-data center assets, xScale JVs and integration costs (6) Adjusted NOI excludes operating lease expenses Non-GAAP Reconciliations

Page 39

© 2026 Equinix, Inc. 39 Definitions Funds from Operations (FFO): Represents net income attributable to common stockholders excluding: • gain or loss from the disposition of real estate assets • depreciation and amortization expense on real estate assets • adjustments for unconsolidated joint ventures' and non-controlling interests' share of these items Adjusted Funds from Operations (AFFO): Represents FFO adjusted for: • depreciation and amortization expense on non-real estate assets • accretion expense • stock-based compensation expense • stock-based charitable contributions • restructuring and other exit charges • impairment charges • transaction costs • impacts of straight-lining installation revenue • impacts of straight-lining rent expense • impacts of straight-lining contract costs • amortization of deferred financing costs and debt discounts and premiums • gain or loss from the disposition of non-real estate assets • gain or loss on debt extinguishment • an income tax expense adjustment • recurring capital expenditures • net income or loss from discontinued operations, net of tax • adjustments from FFO to AFFO for unconsolidated joint ventures' and non-controlling interests' share of these items Annualized Gross Bookings: Represents the annualized revenue impact of stated Monthly Recurring Revenue (MRR) on newly executed contracts with a term of 12 months or more, net of any MRR decreases from cancellations or terminations associated with the new contracts and adjusted for the impact of pricing changes on existing contracts. This measure excludes contracts for recurring revenue from our joint ventures and the impact of power price adjustments. This measure only includes contracts that we anticipate will start generating revenue within 90 days. Monthly Recurring Revenues (MRR): Total quarterly or annual revenues excluding non-recurring revenues divided by 3 or 12, respectively.

Page 40

© 2026 Equinix, Inc. 40 Definitions - Continued Normalized and Constant Currency: Equinix provides normalized and constant currency growth rates for revenues, adjusted EBITDA, AFFO and AFFO per share. These growth rates assume foreign currency rates remain consistent across comparative periods. Revenue growth rates exclude the impact of net power pass-through, acquisitions, divestitures and the Equinix Metal wind- down. Adjusted EBITDA growth rates exclude the impact of acquisitions, divestitures, and integration costs. AFFO growth rates exclude the impact of acquisitions and related financing costs, divestitures, integration costs and balance sheet remeasurements. AFFO per share growth rates exclude the impact of integration costs and balance sheet remeasurements. Monthly Recurring Revenue per Cabinet (MRR per cab): (current quarter recurring revenues / 3) divided by ((quarter end cabinets billing prior quarter + quarter end cabinets billing current quarter) / 2). Excludes xScale JV recurring revenues (Global), Infomart non-IBX tenant income, Equinix Metal (AMER), TIM acquisition (APAC) and BT Group acquisition (EMEA). Virtual connections: The number of private connections between customers over the Equinix Fabric platform. Data Center Growth New Data Centers: Phase 1 began operating on or after January 1, 2025. Expansion Data Centers: Phase 1 began operating before January 1, 2025, and there is an expected expansion of one or more additional phases leveraging the existing capital infrastructure, or a redevelopment of a previous phase. This also includes data centers where a new phase or redevelopment has opened for a previously stabilized data center on or after January 1, 2025. Stabilized Data Centers: The final expansion or redevelopment phase began operating before January 1, 2025. Adjusted Net Operating Income (NOI) Composition: Adjusted NOI is calculated by taking recurring revenues, deducting recurring cash cost of revenues, adding back operating lease rent expense and deducting cash SG&A allocated to the properties. The impact of operating lease rent expense is removed to reflect an owned income stream. Total cash rent is provided in the components of NAV. Regional SG&A expense is allocated to the properties to reflect the full sales, marketing and operating costs of owning a portfolio of retail colocation properties. Corporate SG&A is provided to show centralized organization costs that are not property-related and, therefore, excluded from adjusted NOI. Corporate Cash SG&A: Centralized organization costs that are not property-related and, therefore, excluded from adjusted NOI. Components of Net Asset Value (NAV): A detailed disclosure of applicable cash flows, assets and liabilities to support a NAV. Net asset valuation involves a market-based valuation of assets and liabilities to derive an intrinsic value of equity. Operating cash flows are separated into real estate income (adjusted NOI), non-recurring income and other operating income in order to facilitate discrete composition valuations. New properties and CIP generating unstabilized cash flows are reflected based on gross asset value. Other assets and liabilities include only tangible items with realizable economic value. Balance sheet assets and liabilities without tangible economic value (i.e. goodwill) are excluded. Other ongoing expenses including cash rent and cash tax expenses are disclosed to facilitate a market valuation of those liabilities. Share count is provided on a fully-dilutive basis including equity awards.

Page 41

© 2026 Equinix, Inc. 41 Definitions - Continued Capital Expenditures Recurring Capital Expenditures: Capital spending incurred to extend useful life of IBXs or other Equinix assets that are required to support current revenues. ▪ Sustaining IT & Network: Capital spending necessary to extend useful life of IT & Network infrastructure assets required to support existing products and business & operations services. This includes hardware & network gear as well as development enhancements that extend useful life of system assets. ▪ IBX Maintenance: Capital spending that extends useful life of existing IBX data center infrastructure; required to support existing operations. ▪ Re-Configuration Installation: Capital spending to support second generation configuration of customer installations; these expenditures extend useful life of existing assets or add new fixed assets. This includes changes to cage build-outs, cabinets, power, network gear and security component installations. Non-Recurring Capital Expenditures: Primarily for development and build-out of new IBX capacity as well as redevelopment of select IBXs that are near the end of their useful lives. Also includes discretionary expenditures for expansions, transformations, incremental improvements to the operating portfolio (e.g. electrical, mechanical and building upgrades), IT systems, network gear or corporate offices which may expand the revenues base and increase efficiency. ▪ IBX Expansion: Capital spending for new IBX data centers construction, data center expansion phase construction or increased capacity enhancements. ▪ IBX Redevelopment: Capital spending in select IBXs to enhance the revenue capacity, efficiency and/or operating standards of IBXs data centers that are near the end of their useful life. ▪ Product, IT, Network and Corporate Real Estate (CRE): Capital spending related to discretionary IT transformation projects, corporate real estate, Product and Network that primarily expand revenues or increase margins. ▪ Initial / Custom Installation: Capital spending to support first generation build-out for customer installations; this includes cage configuration, cabinet, power, network gear and security enhancements. This also includes custom installations and flex space installations.

Slides