Digital Realty Trust, Inc. · DLR · Next earnings

Digital Realty Trust, Inc. reports Thursday, Oct 22, 2026

DLR reports after market close with consensus EPS at $0.57 and revenue at $1.75B. Last quarter: DLR Q2 2026: Record Core FFO $2.13, Revenue Beat 16%, Backlog Hits $1.9B

Reports After market close32 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $0.57 Calendar consensus
Consensus revenue $1.75B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session After market close 32 days away

Where DLR left off: FY2026 Q2

Full report

DLR Q2 2026: Record Core FFO $2.13, Revenue Beat 16%, Backlog Hits $1.9B

EPS surprise +150.6% Reported $1.21 vs $0.48
Revenue surprise +16.1% Reported $1.92B vs $1.66B
Stock move +11.0% Event window
Subsequent drift -3.0% Up to 20 sessions

FY2026 core FFO guidance was raised for the second consecutive quarter, now implying 10% constant-currency growth (up from the 9% growth implied by the prior $8.10/share guidance). Capex outlook increased to $4.25-$4.75B. Management reiterated confidence in double-digit FFO growth through 2027 and beyond.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential slowdown in hyperscale or AI-driven demand could pressure bookings and backlog conversion.
  • Elevated capex and rising leverage could constrain financial flexibility if market conditions shift.
  • Regulatory and political risks in key markets (New York, Loudoun County) may affect pricing and expansion.
  • Heavy reliance on a limited set of large hyperscale tenants for greater-than-1 MW leases.
  • Power availability constraints and utility delivery timelines could delay development projects.

Questions analysts left open

  • Accretion impact and timing of recent acquisitions (Blackstone, Columbia Capital, Teraco).
  • Funding the elevated 2026 capex plan while maintaining low leverage.
  • Evolution of the asset mix between on-balance-sheet colocation and off-balance-sheet hyperscale vehicles.
  • Scaling of fee-income from private-capital platforms.
  • Sustainability of high renewal spreads and credit quality of emerging AI-native tenants.

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Recent DLR quarters

All DLR earnings
+11.0%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.