易昆尼克斯 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACOF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACOF 1934 For the transition period fromtoCommission File Number 001-40205 EQUINIX, INC.(Exact name of registrant as specified in its charter) Delaware 77-0487526 (I.R.S. Employer Identification No.) (State of incorporation) One Lagoon Drive, Redwood City, California 94065(Address of principal executive offices, including ZIP code)(650) 598-6000(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registe The Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLC Common Stock, $0.0010.250% Senior Notes due 20273.250% Senior Notes due 20293.250% Senior Notes due 20311.000% Senior Notes due 20333.650% Senior Notes due 20333.625% Senior Notes due 20344.000% Senior Notes due 2034 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company.See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒ The number of shares outstanding of the registrant's Common Stock as of April28, 2026 was 98,624,248. EQUINIX, INC. INDEX Summary of Risk Factors Part I - Financial Information Item1.Condensed Consolidated Financial Statements (unaudited):6Condensed Consolidated Balance Sheets as of March31, 2026 and December31, 20256Condensed Consolidated Statements of Operations for the Three Months Ended March31, 2026 and20257Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months EndedMarch31, 2026 and 20258Condensed Consolidated Statements of Cash Flows for the Three Months Ended March31, 2026 and20259Notes to Condensed Consolidated Financial Statements10Item2.Management's Discussion and Analysis of Financial Condition and Results of Operations35Item3.Quantitative and Qualitative Disclosures About Market Risk51Item4.Controls and Procedures52 Part II - Other Information Item1.Legal Proceedings53Item1A.Risk Factors53Item2.Unregistered Sales of Equity Securities and Use of Proceeds78Item3.Defaults Upon Senior Securities78Item4.Mine Safety Disclosure78Item5.Other Information79Item6.Exhibits80Signatures82 Table of Contents Summary of Risk Factors Our business is subject to numerous risks and uncertainties that make an investment in our securities speculative or risky,any one of which could materially adversely affect our results of operations, financial condition or business. These risksinclude, but are not limited to, those listed below. This list is not complete and should be read together with the section titled“Risk Factors” in this Quarterly Report on Form 10-Q, as well as the other information in this Quarterly Report on Form 10-Qand the other filings that we make with the U.S. Securities and Exchange Commission (the “SEC”). Risks Related to the Macro Environment •Geopolitical events and political tensions contribute to an already complex landscape, and could have a negativeeffect on our global business operations.•The current uncertain economic environment, including challenges related to power and supply chains, could impactour business and the businesses of our customers.•Our business could be harmed by increased costs to procure power, prolonged power outages, shortages or capacityconstraints. Risks Related to our Operations •Any failure of our physical infrastructure or negative impact on our ability to meet our obligations to