EQIX Q2 2026 Earnings Presentation

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© 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

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© 2026 Equinix, Inc. 3 1. Performance Highlights • Strength across the business • Our strategy is driving results • Leading data center performance • Growth-focused balance sheet • Demand-driven capital expenditures 2. Guidance and Long-Term Outlook Summary • 2026 guidance raised • Uniquely positioned amidst robust demand • 2027-2029 outlook raised 3. Company Overview and Supplemental Data • Most global and comprehensive ecosystem • High-quality diversified customer base • Robust capacity expansion to meet demand Contents and Key Themes

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© 2026 Equinix, Inc. 5 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 cabinets from 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 26 (2) Partially offset by FX 1. Highlights and Financial Results 2. Guidance and Long-Term Outlook 3. Operating and Supplemental Data

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© 2026 Equinix, Inc. 6 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% Strong Bookings Momentum Driving Our Growth Trajectory Customer demand is broad-based and includes momentum from emerging customer AI use cases Quarterly Gross Bookings - Annualized 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 7 $972 $965 $877 $1,065 $1,168 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $2,143 Q2 25 $2,215 Q3 25 $2,294 Q4 25 $2,331 Q1 26 $2,256 $2,316 $2,420 $2,444 Q2 26 $2,625 $2,377 Revenues Adjusted EBITDA AFFO and AFFO per Share $8.91$9.91 $9.83 $10.79 $11.78 AFFO per Share (Diluted)Recurring Revenues Non-recurring Revenues $1,129 $1,148 $1,186 $1,245 $1,396 50% 50% 49% 51% 53% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Adjusted EBITDA Adjusted EBITDA Margin Revenues Growth Q2 26 QoQ YoY As-reported ▲7% ▲16% Normalized and constant currency ▲8% ▲16% Normalized and constant currency MRR ▲2% ▲11% Adjusted EBITDA Growth Q2 26 QoQ YoY As-reported ▲12% ▲24% Normalized and constant currency ▲12% ▲22% AFFO Growth Q2 26 QoQ YoY As-reported ▲10% ▲20% Normalized and constant currency ▲9% ▲19% Q2 2026 Financial Highlights ($M) Delivered double-digit MRR growth and record profitability, driven by strong underlying operating performance and xScale leasing activity 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 8 AMER EMEA APAC 29 metros, 111 data centers 30 metros, 106 data centers 18 metros, 65 data centers $951 Q2 25 $987 Q3 25 $1,020 Q4 25 $1,046 Q1 26 $1,067 Q2 26 $1,004 $1,035 $1,071 $1,091 $1,251 Recurring Revenues Non-recurring Revenues $732 Q2 25 $756 Q3 25 $789 Q4 25 $789 Q1 26 $806 Q2 26 $767 $784 $836 $827 $845 $460 Q2 25 $472 Q3 25 $485 Q4 25 $496 Q1 26 $504 Q2 26 $485 $497 $513 $526 $529 Regional Revenues Performance ($M) Customer demand is strong across all regions Revenues Growth Q2 26 QoQ YoY As-reported ▲15% ▲25% Normalized and constant currency ▲15% ▲26% Normalized and constant currency MRR ▲2% ▲13% Revenues Growth Q2 26 QoQ YoY As-reported ▲2% ▲10% Normalized and constant currency ▲2% ▲8% Normalized and constant currency MRR ▲2% ▲7% Revenues Growth Q2 26 QoQ YoY As-reported ▲1% ▲9% Normalized and constant currency ▲1% ▲10% Normalized and constant currency MRR ▲2% ▲11% 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 9 AMER EMEA APAC Adjusted EBITDA Adjusted EBITDA Margin 46% 47% 46% 47% 51% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $466 $489 $492 $516 $641 52% 49% 49% 51% 54% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $399 $384 $413 $424 $456 54% 55% 55% 58% 57% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $264 $275 $281 $305 $299 Regional Adjusted EBITDA Performance ($M) Execution, including xScale leasing activity, drove margin expansion Adjusted EBITDA Growth Q2 26 QoQ YoY As-reported ▲24% ▲38% Normalized and constant currency ▲24% ▲37% Adjusted EBITDA Growth Q2 26 QoQ YoY As-reported ▲8% ▲14% Normalized and constant currency ▲8% ▲10% Adjusted EBITDA Growth Q2 26 QoQ (1) YoY As-reported ▼2% ▲13% Normalized and constant currency ▼2% ▲13% (1) Q1 26 benefited from non-recurring xScale leasing fees 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 10 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 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 11 • Recurring capital expenditures between 2% and 5% of annual revenues historically • Maintenance capital expenditures vary by quarter based on maintenance schedules and payment terms • Major project openings include Silicon Valley, Madrid and Milan • 85%+ of retail expansion project spend is on owned land or owned buildings with long-term ground leases Capital Expenditures A demand-driven program delivering capacity into target markets where our value proposition is increasingly differentiated ($M) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Recurring IBX Maintenance 32$ 40$ 106$ 16$ 28$ Sustaining IT & Network 6 7 14 2 3 Re-configuration Installation 17 17 19 13 18 Subtotal - Recurring 55$ 64$ 139$ 32$ 49$ Non-Recurring IBX Expansion 793$ 907$ 1,104$ 1,093$ 1,365$ IBX Redevelopment 3 15 8 11 12 Product, IT, Network and CRE 90 103 128 80 100 Initial / Custom Installation 48 47 57 40 52 Subtotal - Non-Recurring 934$ 1,072$ 1,297$ 1,224$ 1,529$ Total Capital Expenditures 989$ 1,136$ 1,436$ 1,256$ 1,578$ 2.4% 2.8% 5.7% 1.3% 1.9%Recurring Capital Expenditures as a % of Revenues 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 12 (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) 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 14 ($M except AFFO per Share) FY 2026 Q3 2026 Revenues $10,205 - 10,285 (1) 11 - 12% (3) (10 - 11% prior) $2,525 - 2,575 (2) 10 - 12% (4) Adjusted EBITDA Adjusted EBITDA margin % $5,210 - 5,270 (5) ~51% $1,275 - 1,315 (6) ~51% Recurring Capital Expenditures % of revenues $290 - 310 ~3% $70 - 90 3 - 4% Non-recurring Capital Expenditures (excludes xScale and real estate acquisitions) $4,710 - 5,690 (~$3,800 prior) AFFO $4,240 - 4,300 (7) ($4,198 - 4,278 prior) AFFO per Share (Diluted) $42.69 - 43.29 (7) 10 - 12% (8) (9 - 11% prior) Expected Cash Dividends ~$2,039 (1) 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 (2) 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 (3) 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 (4) 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 (5) 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 (6) 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 (7) Guidance excludes any related capital markets activities the Company may undertake in the future (8) Growth rates normalized for integration costs related to acquisitions, foreign exchange impact and other adjustments 2026 Financial Guidance Raised outlook driven by strong underlying business fundamentals and focused execution 1. Highlights and Financial Results 2. Guidance and Long-Term Outlook 3. Operating and Supplemental Data

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© 2026 Equinix, Inc. 15 Revenues Adjusted EBITDA 50% ~51% Q3 25 As-reported $1 Normalizing (2) Q3 25 Normalized Q3 26 Guidance $1,148 $1,149 $1,275 - 1,315 +11 - 14% Q3 25 As-reported ($14) Normalizing (1) Q3 25 Normalized Q3 26 Guidance $2,316 $2,302 $2,525 - 2,575 +10 - 12% (1) 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 (2) 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 $2M YoY impact for the BT Group acquisition Adjusted EBITDA Margin Q3 2026 Guidance ($M) Revenue increasing 11% YoY at the mid-point of guidance 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 16 $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%(1)6% ~10%8% Normalized Total Revenue growth (2) Normalized MRR growth (2) Adjusted EBITDA Margin ~51%49% Revenues Adjusted EBITDA (1) 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 $111M between Q2 26 spot rates and FY25 average FX rates (2) Normalized for constant currency and excludes both net power pass -through and Equinix Metal Full-Year 2026 Guidance ($M) Record underlying revenue and adjusted EBITDA raises, reflecting continued momentum and margin accretion 10 - 11% 9 - 10% ~51% 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 17 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 $4,240 - 4,300 2 (1) Guidance excludes any M&A and related capital markets activities the Company may undertake in the future (2) Growth rates normalized for integration costs related to acquisitions, foreign exchange impact and other adjustments Full-Year 2026 AFFO Guidance ($M, except per share) (1)(2) Record $50M Underlying AFFO raise, increasing per share growth guidance to 10 - 12% (9 - 11% prior) AFFO 10 - 12% 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 18 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 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 19 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 Prior Outlook (1) Updated Outlook 2027-2029 Total Revenue Growth Annual Range 7 - 10% 10 - 13% Adjusted EBITDA Margin In 2029 52%+ 53%+ Total Capital Expenditures Annual Range (2) $3 - 4B $5 - 7B AFFO per Share Growth Annual Range 5 - 9% 9 - 12% Dividend per Share Growth Annual Range 8%+ Approximates AFFO per Share Growth Net Leverage Ratio (3) In 2029 In-line with Current Investment Grade Ratings In-line with Current Investment Grade Ratings 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 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 21 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. Highlights and Financial Results 2. Guidance and Long-Term Outlook 3. Operating and Supplemental Data

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© 2026 Equinix, Inc. 22 Global New Customer Count and Churn % Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Gross New Global Customers (3) 220 250 270 270 280 MRR Churn (4) 2.6% 2.3% 2.2% 1.7% 1.8% Top 10 Customers (2) Rank Customer Type % of MRR Region Count IBX Count 1 Cloud & IT 2.3% 3 77 2 Cloud & IT 2.3% 3 90 3 Cloud & IT 2.2% 3 55 4 Cloud & IT 2.0% 3 40 5 Cloud & IT 1.7% 3 86 6 Network 1.5% 3 142 7 Network 1.1% 3 132 8 Cloud & IT 1.1% 3 38 9 Cloud & IT 1.1% 3 47 10 Cloud & IT 1.0% 3 88 Top 10 16.4% Top 10 Avg. 80 Top 50 36.6% Top 50 Avg. 52 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. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 23 (1) Owned assets defined as fee-simple ownership or owned building on long-term ground lease (2) Excludes xScale JV sites (3) Lease expiration waterfall represents when leased square footage, including xScale, expires assuming all available renewal options are exercised. Square footage represents area in operation based on go -live date Portfolio Ownership Composition Owned and leased strategy maximizes market opportunity Recurring Revenues by Ownership (2) 0% 0% 5% 3% 2% 0% 2% 3% 0% 5% 0% 11% 14% 4% 5% 46% 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 37% 79% 80% APAC EMEA AMER Regional Recurring Revenues by Ownership (2) Owned Leased Own 179 of 282 Data Centers Own 26.4M of 36.3M total gross square feet (1) 84% of our recurring revenue (2) is generated by either owned properties or properties where our lease expirations extend to 2041 and beyond Global Lease Portfolio Expiration Waterfall (3) % Leases Renewing by Square Footage Last Possible Expiration Date Owned 70% Lease <2041 16% Lease >=2041 14% + 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 24 Q2 Q3 Q4 Q1 Q2 Total QoQ Interconnections AMER 220,900 225,600 230,200 232,700 237,400 4,700 EMEA 164,700 165,600 166,800 168,400 170,900 2,500 APAC 106,700 108,200 110,200 111,900 114,400 2,500 Total Interconnections 492,300 499,400 507,200 513,000 522,700 9,700 Worldwide Cross Connections 426,700 431,500 437,700 441,400 449,100 7,700 Worldwide Virtual Connections 65,600 67,900 69,500 71,600 73,600 2,000 Cabinet Equivalent Capacity AMER 148,300 149,600 157,400 157,200 158,100 900 EMEA 137,800 138,100 141,300 140,600 141,000 400 APAC 89,900 91,000 93,600 96,000 96,400 400 Worldwide 376,000 378,700 392,300 393,800 395,500 1,700 Cabinet Billing AMER 119,900 121,900 123,700 125,300 127,600 2,300 EMEA 105,700 105,800 107,200 108,700 110,000 1,300 APAC 66,900 67,300 68,400 69,400 70,000 600 Worldwide 292,500 295,000 299,300 303,400 307,600 4,200 MRR per Cab As-reported Normalized and Constant Currency AMER $2,570 $2,634 $2,694 $2,735 $2,743 $3 EMEA $2,223 $2,287 $2,418 $2,379 $2,401 $12 APAC $2,269 $2,313 $2,355 $2,372 $2,379 $24 Worldwide $2,376 $2,436 $2,518 $2,524 $2,538 $11 Quarter End Utilization AMER 81% 81% 79% 80% 81% +1% EMEA 77% 77% 76% 77% 78% +1% APAC 74% 74% 73% 72% 73% +1% Worldwide 78% 78% 76% 77% 78% +1% FY2025 FY2026 Interconnection • Added a record 9,700 net interconnections Cabinet Billing • Added 4,200 billed cabinets, with solid contributions across all three regions MRR per Cab • MRR per cabinet increased to $2,538, increasing 6% YoY on a normalized and constant currency basis driven by higher densities and firm pricing (1) All non-financial metrics exclude xScale recurring revenue fees, Equinix Metal, TIM acquisition and BT Group acquisition. Assets acquired from MainOne acquisition included starting Q4 25 Non-Financial Metrics (1) Correspondingly strong performance across our key non-financial metrics 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 25 (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 $5B USD Senior Notes EUR Senior Notes CHF Senior Notes SGD Senior Notes CAD Senior Notes JPY Senior Notes 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2043 2050 2051 2052 Total ($B) $0.6 $1.1 $1.4 $2.2 $3.2 $2.4 $2.2 $2.2 $2.2 $0.7 $0.2 $0.5 $0.5 $0.5 Blended Borrowing rate 2.9% 1.8% 2.0% 2.9% 2.9% 2.8% 3.5% 3.2% 3.9% 2.9% 2.5% 3.0% 3.0% 3.4% Green Notes Managing our Maturities • Issued C$650M of 4Y and C$600M 9Y Senior Notes • Repaid $700M of USD Senior Notes 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 26 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 (1) Sellable cabinet Retail IBX Data Center Expansion Expanding to meet robust 1. Highlights and Financial 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 equivalents and capital expenditures are approximate and may change based on final construction detail global demand in a target market where we our value proposition is differentiated Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 27 (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 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 28 Colocation Inter- connection Services/ Other Total Recurring Non- Recurring Total Revenues Cash Cost of Revenues Cash Gross Profit Cash Gross Margin % Gross PP&E Trailing 4-Qtr Cash Return on Gross PP&E % Q2 2026 Stabilized $1,351 $369 $99 $1,819 $74 $1,893 $546 $1,346 71% $19,639 27% Q2 2025 Stabilized $1,261 $335 $95 $1,690 $73 $1,764 $520 $1,244 71% $19,510 24% 7% 10% 4% 8% 0% 7% 5% 8% 1% 1% 2% 6% 9% 1% 6% -1% 6% 4% 7% 1% 2% 2% Q2 2026 Expansion $390 $81 $18 $489 $36 $525 $151 $375 71% $10,327 13% Q2 2025 Expansion $309 $71 $15 $395 $28 $423 $134 $289 68% $9,035 12% 26% 15% 20% 24% 28% 24% 13% 30% 3% 14% 1% Q2 2026 Total $1,741 $450 $117 $2,308 $110 $2,418 $697 $1,721 71% $29,966 22% Q2 2025 Total $1,570 $406 $110 $2,085 $102 $2,187 $654 $1,533 70% $28,545 20% 11% 11% 6% 11% 8% 11% 7% 12% 1% 5% 2%Total YoY % Expansion YoY % Stabilized @ Constant Currency YoY % Cash Cost, Gross Profit and PP&E ($M) Category Stabilized YoY % Revenues ($M) (1) Excludes Equinix Metal, Infomart non-IBX tenant income and xScale JVs Same Store Operating Performance (1) Underlying fundamentals and execution driving strong performance 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 29 Calculation Of Adjusted Corp NOI Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 # of Data Centers 259 258 257 252 251 Recurring Revenues (2) $2,332 $2,285 $2,249 $2,166 $2,098 Recurring Cash Cost of Revenues Allocation (644) (635) (662) (635) (591) Cash Net Operating Income 1,688 1,650 1,588 1,531 1,506 Operating Lease Rent Expense Add-back (3) 54 61 54 56 51 Regional Cash SG&A Allocated to Properties (202) (203) (204) (181) (191) Adjusted Cash Net Operating Income (3) $1,540 $1,507 $1,437 $1,405 $1,366 Adjusted Cash NOI Margin 66.1% 66.0% 63.9% 64.9% 65.1% Reconciliation of NOI Cost Allocations Non-Recurring Revenues (NRR) (2) $115 $96 $100 $98 $102 Non-Recurring Cash Cost of Revenues Allocation (76) (66) (66) (65) (71) Net NRR Operating Income $40 $30 $34 $32 $31 Total Cash Cost of Revenues (2) $720 $701 $727 $700 $662 Non-Recurring Cash Cost of Revenues Allocation (76) (66) (66) (65) (71) Recurring Cash Cost of Revenues Allocation $644 $635 $662 $635 $591 Regional Cash SG&A Allocated to Stabilized & Expansion Properties $197 $199 $196 $177 $187 Regional Cash SG&A Allocated to New Properties 5 5 9 5 4 Total Regional Cash SG&A 202 203 204 181 191 Corporate Cash SG&A in HQ Functions Not Allocated to Regions NOI 231 230 231 213 208 Total Cash SG&A (4) $433 $433 $436 $394 $399 Corporate HQ SG&A as a % of Total Revenues 8.8% 9.4% 9.6% 9.2% 9.2% (1) Excludes xScale JVs (2) Excludes revenues and cash cost of revenues from Equinix Metal, non -data center assets and xScale JVs (3) Adjusted NOI excludes operating lease expenses (4) Excludes SG&A related to Equinix Metal, non-data center assets, xScale JVs and integration costs Adjusted Corporate NOI ($M, except data center count) (1) 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 30 Category # of Data Centers Total Cabinet Capacity Cabinets Billed Cabinet Utilization % Total Recurring Owned % of Total Recurring AMER Owned 75 127,600 102,600 80% $828 Leased 34 30,500 25,000 82% $215 Americas Total 109 158,100 127,600 81% $1,042 79% EMEA Owned 59 111,000 87,700 79% $623 Leased 31 30,000 22,300 74% $167 EMEA Total 90 141,000 110,000 78% $790 79% Asia-Pacific Owned 24 40,900 29,400 72% $182 Leased 35 55,500 40,600 73% $307 Asia-Pacific Total 59 96,400 70,000 73% $489 37% EQIX Total 258 395,500 307,600 78% $2,321 70% Other Real Estate Owned(3) - - - - $9 Other Real Estate Total - - - - $9 100% Acquisition Total 1 - - - $1 Combined Total 259 395,500 307,600 78% $2,332 70% Q2 26 Revenues ($M) (1) Excludes Equinix Metal, non-data center assets and xScale JVs. TIM acquisition and BT Group acquisition cabinet counts are excluded. Data center acquisition -level financials are based on allocations which will be refined as integration activities continue (2) Owned assets include those subject to long-term ground leases (3) Includes non-IBX tenant income Portfolio Operating Performance (1)(2) 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 31 Stabilized Owned 107 194,300 161,800 83% $1,249 $847 55% Leased 87 90,300 71,600 79% $570 $372 24% Stabilized Total 194 284,600 233,400 82% $1,819 $1,219 79% Expansion Owned 41 76,900 55,800 73% $371 $245 16% Leased 11 23,000 15,200 66% $119 $72 5% Expansion Total 52 99,900 71,000 71% $489 $317 21% New Owned 10 8,300 2,100 25% $13 $2 0% Leased 2 2,700 1,100 41% $0 -$2 0% New Total 12 11,000 3,200 29% $13 $0 0% Other Real Estate Owned - - - - $9 $4 0% Other Real Estate Total - - - - $9 $4 0% Combined Owned 158 279,500 219,700 79% $1,642 $1,099 71% Leased 100 116,000 87,900 76% $689 $442 29% Combined Total 258 395,500 307,600 78% $2,330 $1,540 100% Category # of Data Centers % of Total NOI Q2 2026 Quarterly Adjusted NOI ($M) Q2 2026 Recurring Revenues ($M) Cabinet Utilization % Cabinets Billed Total Cabinet Capacity (1) Excludes Equinix Metal, non-data center assets and xScale JVs. TIM acquisition and BT Group acquisition cabinet counts are exclu ded (2) Owned assets include those subject to long-term ground leases (3) Includes non-IBX tenant income (3) Adjusted NOI Composition - Organic (1)(2) 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 32 Components of Net Asset Value (1) Restricted cash is included in other current assets and other assets in the balance sheet (2) Consists of other current assets and other noncurrent assets, less restricted cash, debt issuance costs and contract costs (3) Excludes finance and operating lease liabilities (4) Consists of accounts payable and accrued expenses and accrued property, plant and equipment (5) Consists of other current liabilities and other noncurrent liabilities, less deferred installation revenue, asset retirement obligations and dividends payable (6) Forward-looking annualized amounts (7) Includes operating lease rent payments and finance lease principal and interest payments; excludes equipment and office lease s Stabilized Owned Adjusted NOI Segments $847 Stabilized Leased Adjusted NOI Segments $372 Expansion Owned Adjusted NOI Segments $245 Expansion Leased Adjusted NOI Segments $72 Other Real Estate Owned Adjusted NOI Segments $4 Quarterly Adjusted NOI (Stabilized, Expansion & Other Real Estate Only) $1,540 Other Operating Income Acquisition Net Operating Income $0 Quarterly Non-Recurring Operating Income $40 Unstabilized Properties New IBX at Cost $1,860 Development CIP and Land Held for Development $6,000 Other Assets Cash, Cash Equivalents and Short-Term Investments Balance Sheet $2,224 Restricted Cash (1) Balance Sheet $37 Accounts Receivable, Net Balance Sheet $1,256 Other Assets (2) Balance Sheet $3,399 Total Other Assets $6,916 Liabilities Book Value of Debt (3) Balance Sheet $19,709 Accounts Payable and Accrued Liabilities (4) Balance Sheet $1,986 Dividends Payable Balance Sheet $32 Deferred Tax Liabilities and Other Liabilities (5) Balance Sheet $692 Total Liabilities $22,419 Other Operating Expenses (6) Annualized Cash Tax Expense $211 Annualized Cash Rent Expense (7) $456 Diluted Shares Outstanding (millions) Estimated 2026 Fully Diluted Shares 100.4 Q2 26 Quarterly Adjusted NOI ($M) Ownership Reference 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 33 Forecasted Weighted-Average Weighted-Average Actual/Forecasted Shares - Fully Diluted Shares - Shares - Shares (For NAV) Basic Fully Diluted Shares outstanding at the beginning of the year 98.23 98.23 98.23 98.23 RSUs vesting 0.65 0.65 0.41 0.41 ESPP purchases 0.14 0.14 0.09 0.09 Dilutive impact of unvested employee equity awards - 1.40 - 0.58 0.79 2.19 0.50 1.08 Shares outstanding - Forecast 99.02 100.42 98.72 99.31 Common Stock OutstandingFully Diluted Weighted Average Shares (1) Excludes outstanding forwards, any potential sales under ATM program or any additional financings the Company may undertake i n the future For Diluted AFFO/Share 1.6 1.4 1.4 1.8 1.7 Q2 25 Q3 25 Q4 25 Q1 26 97.9 98.2 98.2 98.6 Q2 26 98.7 Common Stock Outstanding (As-reported) Unissued Shares Associated with Employee Equity Awards 0.8 0.6 Shares Outstanding @ 12/31/25 - Actual Est. Employee Equity Awards Est. Shares Outstanding @ 12/31/26 Est. Weighted Dilutive Unvested Shares -0.3 Est. Weighting of All Share Activities Est. Fully Diluted Weighted Avg Shares O/S @ 12/31/26 98.2 ~99.0 ~99.3 (1) Forecasted Shares (M) 1. Highlights and Financial Results 3. Operating and Supplemental Data2. Guidance and Long-Term Outlook

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© 2026 Equinix, Inc. 34 Leadership Team Raouf Abdel - EVP, Global Operations Chris Audie - Chief Product Officer Nicole Collins - EVP, Business Operations Harmeen Mehta - Chief Digital and Innovation Officer Simon Miller - Chief Accounting Officer Brandi Galvin Morandi - Chief People Officer Bruce Owen - EVP, Global Markets Shane Paladin - Chief Customer and Revenue Officer Kurt Pletcher - Chief Legal Officer Charles Meyers - Executive Chairman, Equinix Adaire Fox-Martin - Chief Executive Officer and President, Equinix Nanci Caldwell - Former CMO, PeopleSoft Gary Hromadko - Private Investor Rebecca Kujawa - Founder and CEO, Zerra Partners Dr. Yanbing Li - Chief Product Officer, Datadog Thomas Olinger - Former CFO, Prologis Christopher Paisley - Dean’s Executive Professor, Leavey School of Business at Santa Clara University Sandra Rivera - Corporate Director and Former CEO of Altera, An Intel Company Fidelma Russo - EVP and GM, Hybrid Cloud and CTO, Hewlett Packard Enterprise Board of Directors Equinix Leadership and Investor Relations Adaire Fox-Martin Chief Executive Officer and President Olivier Leonetti Chief Financial Officer Equinix Investor Relations Contacts Phillip Konieczny Senior Vice President, Finance pkonieczny@equinix.com Ryan Burke Vice President, Investor Relations rburke1@equinix.com Trevor Sargent Principal, Investor Relations tsargent@equinix.com Erika Topete Senior Analyst, Investor Relations etopete@equinix.com Equinix Media Contacts David Fonkalsrud Director, Public Relations 650-598-6240 press@equinix.com

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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

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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

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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

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© 2026 Equinix, Inc. 39 FX Rates, Hedging and Currencies Currency Guidance Rate Hedge Rate Blended Guidance Rate Blended Hedge % % of Revenues USD 1.00 41% EUR to USD 1.14 1.13 1.14 74% 19% GBP to USD 1.33 1.30 1.30 82% 9% USD to SGD 1.29 8% USD to JPY 163 5% USD to AUD 1.45 3% USD to BRL 5.17 3% USD to HKD 7.84 2% USD to CAD 1.42 2% CHF to USD 1.24 1% USD to AED 3.67 1% USD to SEK 9.69 1% USD to TRY 46.65 1% Other - 4% Revenue FX Rates (3)(1) (5) (2) (4)(2) (1) Guidance rate as of close of market on June 30, 2026 (2) Hedge rate and blended guidance rate for Q3 26 (3) Blended hedge percent for combined Equinix business for Q3 26 (4) Currency % of revenues based on combined Q2 26 revenues (5) Other includes CLP, CNY, COP, GHS, INR, KRW, MXN, NGN, OMR, PEN, PLN, XOF and other currencies

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© 2026 Equinix, Inc. 40 Q2 2026 FX and Normalization Disclosure (1) FX Impact compared to Q2 25 average FX rates (2) Revenues normalized for Equinix Metal, net power pass-through, TIM acquisition and BT Group acquisition (3) Adjusted EBITDA normalized for TIM acquisition, BT Group acquisition and integration costs (4) AFFO normalized for TIM acquisition, BT Group acquisition, integration costs and other gains/losses Q2'26 YoY As-reported Q2'25 As-reported Q2'26 Underlying FX Impact (1) Hedge (1) Normalizing (2)(3)(4) Normalized Q2'26 As-reported Growth % Q2'26 Normalized Growth % Q2'26 Revenues AMER 1,004 1,251 (10) - 20 1,261 25% 26% EMEA 767 845 (28) 6 1 825 10% 8% APAC 485 529 (2) 2 3 532 9% 10% Global 2,256$ 2,625$ (40)$ 8$ 24$ 2,617$ 16% 16% Adjusted EBITDA AMER 466 641 (4) - (0) 637 38% 37% EMEA 399 456 (17) 3 (1) 441 14% 10% APAC 264 299 (2) 2 0 299 13% 13% Global 1,129$ 1,396$ (23)$ 4$ (1)$ 1,377$ 24% 22% AFFO Global 972 1,168 (19) 4 5 1,158 20% 19%

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© 2026 Equinix, Inc. 41 (1) Includes Personnel Expenses, Office Expense, Taxes, Licenses and Insurance, Bad Debt Expense and Other Costs A Fixed and Predictable Cost Model Utilities Cost as a % of RevenuesCash Cost of Revenues and Cash SG&A Utilities 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 (1)

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© 2026 Equinix, Inc. 46 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

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© 2026 Equinix, Inc. 47 (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

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© 2026 Equinix, Inc. 48 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.

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© 2026 Equinix, Inc. 49 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.

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© 2026 Equinix, Inc. 50 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.

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