Digital Realty ended Q2 2026 with a record $1.9 billion backlog of signed-but-not-commenced data center leases, driven by surging AI and hyperscale demand
Digital Realty reported a record total backlog of $1.9 billion in annualized GAAP base rent at 100% share at the end of the second quarter of 2026. This figure represents signed-but-not-commenced data center leases. At Digital Realty's share, the backlog was $1.4 billion.
Verified 2026-09-19
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Signed leases not yet started give data centre landlords visible future rent from AI tenants.
More on Hardware
- AMD's Data Center segment, which sells Instinct GPUs and EPYC server processors, more than doubled revenue year-over-year in the quarter to 28 June 2026, reaching $6.7 billion, up 107% year-over-year
- AMD's Data Center segment, the one selling Instinct GPUs and EPYC server chips, took $16.6 billion of the company's record $34.6 billion of revenue in 2025 — 48% of all AMD revenue
- Arista Networks, whose switches carry AI training and inference traffic inside hyperscaler data centres, reported total revenue for the quarter to 30 June 2026 of $3.036 billion, its first quarter above $3 billion and up 37.7% year-over-year
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