Reducing the size won't help; assuming the standard settings for 10pt article on A4 paper, even at \scriptsize the formula is too wide. With \tiny it is not overfull, but it becomes unreadable.
A possibility is to avoid the radical, squaring the left hand side, and using multlined from the mathtools package for the numerator:
\documentclass[a4paper]{article}
\usepackage[T1]{fontenc}
\usepackage[utf8]{inputenc} % or other encoding
\usepackage[italian]{babel}
\usepackage{amsmath,mathtools}
\begin{document}
\begin{equation}
\lvert Y(j \omega) \rvert^2 =
\frac{
\begin{multlined}[b]
\omega^2 ( C\ped{DC} + C\ped{eq} )^2 \\
\qquad{} +\omega^4 [ ( R\ped{eq} C\ped{eq} C\ped{DC} )^2 -
2 (C\ped{DC} + C\ped{eq} ) ( L\ped{eq} C\ped{eq} C\ped{DC} ) ] \qquad\\
{} + \omega^6 ( L\ped{eq} C\ped{eq} C\ped{DC} )^2
\end{multlined}
}
{
1 + \omega^2 [ ( R\ped{eq} C\ped{eq} )^2 - 2 L\ped{eq} C\ped{eq} ] +
\omega^4 ( L\ped{eq} C\ped{eq} )^2
}.
\label{eq:cmut:abs_y_w_eq}
\end{equation}
\end{document}
The two \qquad commands are just to widen the middle row which shouldn't be broken, but becomes the longest, spoiling the alignment.
Don't overuse \left and \right; in this formula none of them is needed.

A different strategy might be to use symbolic names for the coefficients: with the same preamble as before (but mathtools is not necessary), you can write
\begin{align}
\lvert Y(j \omega) \rvert &=
\sqrt{
\frac{X_2 \omega^2 + X_4 \omega^4 + X_6 \omega^6}
{1 + Y_2 \omega^2 + Y_4 \omega^4}
},\\[2ex]
%%%
X_2 &= ( C\ped{DC} + C\ped{eq} )^2
\notag\\
X_4 &= ( R\ped{eq} C\ped{eq} C\ped{DC} )^2 -
2 (C\ped{DC} + C\ped{eq} ) ( L\ped{eq} C\ped{eq} C\ped{DC} )
\notag\\
X_6 &= ( L\ped{eq} C\ped{eq} C\ped{DC} )^2
\notag\\
Y_2 &= ( R\ped{eq} C\ped{eq} )^2 - 2 L\ped{eq} C\ped{eq}
\notag\\
Y_4 &= ( L\ped{eq} C\ped{eq} )^2
\notag
\end{align}
and get the following result

\ped. I'm not sure whether that's a user defined macro or something else. Either way, I'm unfamiliar with it. – A.Ellett Feb 22 at 15:58articleon A4 paper, even at\scriptsizethe formula is too wide. With\tinyit is not overfull, but it becomes unreadable. – egreg Feb 22 at 16:07\pedis not a standard command, but is only provided by theitalianoption tobabel. So you see the necessity for a minimal working example (MWE) – egreg Feb 22 at 16:18