Digital Realty Trust, Inc. (DLR) earnings on July 23, 2026
More Digital Realty Trust, Inc. earnings
Prior outlook: Pessimistic Outcome: Missed
Digital Realty Trust jumped 11% today, reversing an early decline despite concerns about regulations. This caught analysts who were betting against the stock by surprise.
DLR price around the earnings
199.08
Change: +11.0%
2026-07-24, 20:00 UTC
Start of the measured window
End of the measured window
178.51
188.09
197.66
207.24
179.34
July 23, 2026
July 24, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
Pre-release: Analysts expect growth, but severe negative trend strength and regulatory headwinds persist.
Context analyzed before publication
- Trend
- Persistent and severe negative trend strength into earnings, with scores consistently declining due to macro headwinds.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.64
- Analysts covering the stock
- 31
- Average price target
- 218.71
- Lowest price target
- 180
- Highest price target
- 250
- Upside to price target
- 22.5%
- Quarterly earnings growth
- 63%
- Revenue growth
- 16.7%
- Forward EPS
- 2.7
- Trailing EPS
- 3.76
- Analyst moves in the last 60 days
- 4
- Strong buy: 5
- Buy: 20
- Hold: 8
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 20
- Hold
- 8
- Sell
- 0
- Strong sell
- 0
- July 15, 2026 · Guggenheim: Upgrades rating (Neutral → Buy)
- July 10, 2026 · BTIG: Initiates coverage (Buy)
- July 1, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- June 24, 2026 · Truist Securities: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- This Arthur J. Gallagher Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday (opens in a new tab) — Benzinga
- Guggenheim Upgrades Digital Realty Trust to Buy, Announces $200 Price Target (opens in a new tab) — Benzinga
- BTIG Initiates Coverage On Digital Realty Trust with Buy Rating, Announces Price Target of $215 (opens in a new tab) — Benzinga
- Barclays Maintains Equal-Weight on Digital Realty Trust, Raises Price Target to $197 (opens in a new tab) — Benzinga
- Digital Realty Prices Secondary Offering Of 12,310,249 Shares Of Common Stock By Blackstone At $185.00 Per Share (opens in a new tab) — Benzinga
- Digital Realty Commences $2.346B Common Stock Offering By Affiliates Of Blackstone (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 2.3%
- Distance to 52-week high
- -11.8%
- 14-day change (14d)
- +1.2%
- 30-day change (30d)
- -8.7%
- 30-day relative strength
- -9.1%
- SPY change (30d)
- +0.4%
- Nearest support
- 177.74
- Nearest resistance
- 179.22
- Volume accumulation ratio (14d / 46d)
- 1.36
Trends
Evidence
- Average earnings surprise
- +19.5%
- April 23, 2026: actual EPS 0.46 vs estimate 0.45 (surprise +2.7%)
- February 5, 2026: actual EPS 0.4 vs estimate 0.39 (surprise +2.2%)
- October 23, 2025: actual EPS 0.34 vs estimate 0.23 (surprise +46.5%)
- July 24, 2025: actual EPS 0.39 vs estimate 0.31 (surprise +26.4%)
Expected move
- Implied move
- +4.6%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2.4%
- 75th percentile move
- 4%
- 90th percentile move
- 6.8%
- Up / down moves
- 9 / 11
- Average up move
- +3.9%
- Average down move
- -2.3%
Monitoring and close
What Digital Realty Trust, Inc. reported
- Status
- Finished
| Actual EPS | 0.62 |
|---|---|
| EPS estimate | 0.73 |
| EPS surprise | -15.1% |
Digital Realty beat Q2 estimates, raised FY2026 FFO and sales guidance. Shares rose on strong data center demand.
Sources (9)
- Digital Realty Trust Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Digital Realty Trust (DLR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (opens in a new tab) — Zacks
- Digital Realty Trust (DLR) Beats Q2 FFO and Revenue Estimates (opens in a new tab) — Zacks
- Digital Realty raises annual FFO forecast on robust data center demand (opens in a new tab) — Reuters
- Digital Realty Trust (NYSE:DLR) Crushes Earnings Estimates, Soaring on Data Center Demand and Raised Guidance (opens in a new tab) — ChartMill
- Digital Realty Trust Raises FY2026 FFO Guidance from $8.00-$8.10 to $8.15-$8.20 vs $8.01 Est; Raises FY2026 Sales Guidance from $6.650B-$6.750B to $6.850B-$6.950B vs $6.761B Est (opens in a new tab) — Benzinga
- Digital Realty Trust Q2 FFO $2.65 Beats $1.98 Estimate, Sales $1.924B Beat $1.656B Estimate (opens in a new tab) — Benzinga
- Digital Realty Reports Second Quarter 2026 Results (opens in a new tab) — Yahoo
- Earnings per share: $0.62 vs $0.73 expected — below expectations. — Yahoo Finance
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +11.0%
- Max favorable move (MFE)
- 0.2%
- Max adverse move (MAE)
- 15.7%