National · Data centers

Digital Realty reports record lease backlog as data-center demand grows

The data-center operator reported $1.9 billion in quarterly revenue, $307 million in annualized bookings at 100% share, and a record $1.9 billion signed-but-not-commenced lease backlog.

Rows of server racks inside a modern data center.

Digital Realty reported second-quarter 2026 revenue of $1.9 billion, up 29% from a year earlier. It signed bookings expected to generate $307 million in annualized GAAP base rent at 100% share and ended the quarter with a record $1.9 billion backlog of annualized GAAP base rent at 100% share. The company also reported two July hyperscale leases representing another $410 million at 100% share.