Equinix (EQIX) issued new long-term guidance targeting 9% to 12% annual growth in adjusted funds from operations (AFFO) per share through 2029.
Executives at the Barclays Global Financial Services Conference stated the previous guidance ceiling is now the new floor.
The company attributes the improved outlook to surging demand for AI-driven digital infrastructure.
Management noted that AI workloads require increased interconnection, lower latency, and higher power density.
Equinix is expanding capacity with new facilities featuring liquid cooling to support advanced AI needs.