易昆尼克斯 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission File Number001-40205 EQUINIX, INC.(Exact name of registrant as specified in its charter) Delaware 77-0487526 (State of incorporation) One Lagoon Drive,Redwood City,California94065(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 whichregistered Trading symbol Title of each class 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 20271.000% Senior Notes due 20333.650% Senior Notes due 20333.250% Senior Notes due 20313.625% Senior Notes due 20343.250% Senior Notes due 20294.000% 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) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file 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,a smaller reporting company, or an emerging growth company.See definitions of "large accelerated filer," "acceleratedfiler," "smaller reporting company," and "emerging growth company" in Rule12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)of the Exchange 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 July29, 2025 was97,863,986. EQUINIX, INC. INDEX Summary of Risk Factors Part I - Financial Information Item1.Condensed Consolidated Financial Statements (unaudited):6Condensed Consolidated Balance Sheets as ofJune30, 2025andDecember31, 20246Condensed Consolidated Statements of Operations for theThree and Six Months Ended June30,2025 and 20247Condensed Consolidated Statements of Comprehensive Income (Loss) for theThree and Six MonthsEnded June30, 2025 and 20248Condensed Consolidated Statements of Cash Flows for theSix Months Ended June30, 2025 and20249Notes to Condensed Consolidated Financial Statements10Item2.Management's Discussion and Analysis of Financial Condition and Results of Operations40Item3.Quantitative and Qualitative Disclosures About Market Risk62Item4.Controls and Procedures63 Part II - Other Information Item1.Legal Proceedings65Item1A.Risk Factors65Item2.Unregistered Sales of Equity Securities and Use of Proceeds92Item3.Defaults Upon Senior Securities92Item4.Mine Safety Disclosure92Item5.Other Information93Item6.Exhibits94Signatures101 Summary of Risk Factors Our business is subject to numerous risks and uncertainties that make an investment in our securities speculative orrisky, any one of which could materially adversely affect our results of operations, financial condition or business. Theserisks include, but are not limited to, those listed below. This list is not complete, and should be read together with thesection titled “Risk Factors” in this Quarterly Report on Form 10-Q, as well as the other information in this Quarterly Reporton Form 10-Q and 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 changes contribute to an already complex and evolving regulatory landscape. Ifwe cannot comply with the evolving laws and regulations in the countries in which we operate, we may be subjectto litigation and/or sanctions, adverse revenue impacts and increased costs, and our business and results ofoperations could be negatively impacted.•Inflation in the global economy, increased interest rates and adverse global economic conditions, like the ones weare currently experiencing, could negatively af