Filing Flows › Digital Realty Trust (DLR) › Q2 2026
Digital Realty Trust (DLR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Digital Realty Trust (DLR) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +29% from a year earlier and +18% from the quarter before. Operating margin was 24.3%, net earnings $453M (23.6% of revenue).
Digital Realty Trust, Q2 2026: revenue $1.9B (+29% year over year), operating margin 24.3%, net earnings $453M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +18% | +29% |
| Operating profit | $467M | +74% | -59% |
| Net earnings | $453M | +153% | -56% |
| Operating cash flow | $1.1B | +100% | +66% |
| Free cash flow | $149M | — | — |
What changed
Revenue was $1.9B in Q2 2026, up 29% year over year and up 18% from the previous quarter. Rental and other services was the largest line at 87% of revenue. Rental and other services added $0.22B year over year (up 15%), 50% of the total change.
Operating profit was $0.47B, a 24.3% margin (down 52.3 points year over year). Operating profit fell $0.68B even though revenue rose $0.43B versus Q2 2025, so costs grew faster than sales. Total costs grew 317% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+508%). Net earnings were $0.45B, down 56% year over year. The effective tax rate was 6.9%.
Operating cash flow was $1.1B (up 66% year over year), 232% of net earnings. Non-cash charges added back $0.51B of depreciation and amortization. Working capital and other items added $0.10B. Capital expenditures of $0.91B left free cash flow of $0.15B.
Questions
What was Digital Realty Trust's revenue in the second quarter 2026?
Digital Realty Trust (DLR) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +29% from a year earlier and +18% from the quarter before.
Was Digital Realty Trust profitable in the second quarter 2026?
Operating profit was $467M (24.3% of revenue) and net earnings $453M.