Equinix (EQIX) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased from the previous quarter, but increased compared to the same quarter last year. The sequential decline reversed the strong growth seen in the prior period.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased from the previous quarter, but increased compared to the same quarter last year. The sequential decline reversed the strong growth seen in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-9.3%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.8B | +9.9% |
| Dec 31, 2022 | $1.9B | +9.6% |
| Mar 31, 2023 | $2.2B | +28.3% |
| Jun 30, 2023 | $2B | +11.1% |
Revenue performance
Sequentially, revenue declined, ending a streak of consecutive increases. Year over year, revenue remained higher.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
Monitor whether the sequential decline reflects a temporary fluctuation or a change in underlying demand.