Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has reported results for the quarter ended June 30, 2025.

Revenues for the second quarter of 2025 amounted to $2.256 billion, a 4% increase over the same quarter of the previous year on an as-reported basis, or a 5% increase on a normalized and constant currency basis.

Operating Income reached $494 million, an operating margin of 22%, a 13% increase over the same quarter of the previous year, primarily from strong underlying operating performance.

Net Income Attributable to Common Stockholders totalled $368 million, a 22% increase over the same quarter of the previous year, primarily from higher income from operations.

Adjusted EBITDA amounted to $1.129 billion, a 9% increase over the same quarter of the previous year on an as-reported basis, or an 8% increase on a normalized and constant currency basis, and above the top end of Equinix’s guidance range from strong operating performance.

Equinix raised its 2025 annual guidance across all key financial metrics:

Revenue guidance is raised by $58 million to $9.233 – $9.333 billion, a 6 – 7% as-reported increase over the previous year, or 7 – 8% on a normalized and constant currency basis

Adjusted EBITDA guidance is raised by $46 million to $4.517 – $4.597 billion, an adjusted EBITDA margin of 49%.