Earnings Call
Jul 23, 2026
Q2 FY2026
EPS Estimate
0.48
EPS Actual
1.21
Post-Earnings Close
$199.08
Earnings Reaction
+11.0%
Digital Realty's second quarter of 2026 was defined by a convergence of record-setting operational metrics, strategic capital deployment, and a materially expanded growth runway, making it one of the most consequential quarters in the company's history. Core FFO excluding net promote income reached $2.13 per share, up 14% year-over-year and ahead of internal expectations, prompting management to raise full-year 2026 guidance to $8.15, $8.20 per share, implying approximately 10% constant currency growth at the midpoint. Including $0.52 of net promote income from the Blackstone joint venture buyout, reported core FFO was $2.65 per share. The promote, roughly $200 million gross, reflects value creation from the development and lease-up of three fully leased hyperscale data centers in Northern Virginia and signals the growing earnings contribution of Digital Realty's private capital platform.
Report generated on Jul 25, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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