Digital Realty Trust, Inc. earnings overview

DLR FY2026 Q2 · Calendar Q3 2026

Digital Realty Trust, Inc.

Digital Realty's Q2 2026 results reinforce a structural growth narrative centered on AI-driven demand for data center capacity. Core FFO per share reached a record $2.13 (14% YoY growth), revenue beat estimates by 16%, and the backlog climbed to an all-time high of $1.9B. The company accelerated its private-capital strategy with approximately $14B in new commitments through the Blackstone JV, Columbia Capital acquisition, and Teraco stake, extending its development runway while keeping leverage disciplined. Management raised FY2026 guidance for the second consecutive quarter, citing robust AI inference and interconnection demand as the primary engine.