Equinix raised its revenue growth projections for 2026 to 12%, representing a $100M increase over prior guidance. The optimistic revenue projections are tied to a similarly dramatic increase in planned development spending. Fox-Martin said the company’s more aggressive growth projections reflect greater confidence that AI demand is increasingly flowing toward its interconnection-focused portfolio. “We have definitely seen acceleration in the AI infrastructure cycle … and that plays directly to the strength of Equinix,” Fox-Martin said. Still, Equinix hasn't been immune to the industrywide concerns about the massive scale of AI infrastructure spending that have rattled tech giants like Google.