Adaire Fox-martin on capacity expansion
From Equinix Inc ($EQIX) Q4 2025 Earnings Call · · Castify Earnings Call
“We have 52 projects currently underway, they're energized projects... we're building capacity in markets where there's a sort of broad need for that capacity... the Chicago, the New Yorks, the Dallases, the Washingtons and you go around the world and think about all those critical markets.”
On , Adaire Fox-martin, President, Chief Executive Officer & Director at Equinix, spoke about capacity expansion during Equinix Inc ($EQIX) Q4 2025 Earnings Call on Castify Earnings Call.
About Adaire Fox-martin
During Equinix’s Q3 2025 earnings call, Fox-Martin stated the company was advancing its “Build Bold” strategy with an intent to double capacity by 2029, noting recent land acquisitions in Amsterdam, Chicago, Johannesburg, London, and Toronto that would support over 900 megawatts of capacity. He said the company was raising its adjusted EBITDA and AFO per share guidance for the full year, citing strong operating results and favorable net interest expense. Fox-Martin described the company’s balance sheet as a “strategic differentiator” that provides flexibility to invest into a robust demand backdrop. On the Q4 2025 earnings call, Fox-Martin reported that approximately 60% of the company’s largest deals in the quarter were driven by AI workloads, up from about 50% earlier in the year, with nearly half of those deployed by non-cloud and IT companies in sectors such as retail, e-commerce, and financial services. He stated that annualized gross bookings for 2025 reached $1.66 billion, up 27% year-over-year, and that 2026 adjusted EBITDA margins were expected to be approximately 51%, a 200 basis point improvement over 2025. Fox-Martin also noted a stated goal to improve SG&A from 18-19% of revenue down to 15% over time through efficiency gains, and said the company had added approximately 1 gigawatt to its powered land under control balance through strategic land acquisitions.