Digital Realty Reports Q2 Earnings Beat, Guidance Up
Digital Realty Trust reported strong second-quarter results with revenue of about $1.9 billion, an 18% sequential increase and 29% year-over-year, driven by data center developments and interconnection and leasing activity. The company highlighted $188 million of net promote income from newly developed data centers and a $94 million insurance settlement that boosted core FFO, while maintaining a net debt-to-Adjusted EBITDA of around 4.7x. In addition to solid demand, DLR's 2Q26 results showed record 0-1MW interconnection bookings of $108 million and 142 new logos, underscoring growth in hyperscale and enterprise partnerships. Management lifted full-year guidance across revenue, adjusted EBITDA, and core FFO per share, with 2026 revenue guidance at $6.85–$6.95 billion, adjusted EBITDA $3.75–$3.85 billion, and core FFO per share excluding net promote about $8.15–$8.20; renewal rent cash guidance is 9.0–11% for 2026. The stock traded higher after hours on the results and guidance, reflecting investor optimism about continued demand and pricing power in the data-center market. Digital Realty remains focused on expanding its portfolio across multiple metro areas and countries while navigating competition and macro uncertainty.



