Digital Realty Trust
DLRQ3 2023(DLR Q2 FY2023)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$987.9M
AI Revenue (Q)
$47.8M
Total Revenue (Q)
$1.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
DLR reports total operating revenues of $1,366,267K for Q2 FY2023 (three months ended June 30, 2023). No AI-specific revenue disclosure in the 10-Q. DLR raised significant equity in this period ($742.7M from common stock issuance), suggesting capital deployment for growth including AI-related development. AI infrastructure demand from hyperscalers (Microsoft, Google, Amazon, Meta) was accelerating industry-wide by mid-2023, driving new leasing activity. However, DLR's installed revenue base remained predominantly non-AI workloads. Incrementing slightly to 3.5%. Math: $1,366,267K x 3.5% = ~$47,819K estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Total operating revenues $1,366,267 (three months ended June 30, 2023)
10-Q for period ending June 30, 2023, Condensed Consolidated Income Statements
Issuance of common stock, net of costs 7,820,778 shares, $742,666K
10-Q for period ending June 30, 2023, Condensed Consolidated Statement of Equity
AI Products Identified (Ring 1)
High-density data center leases for AI/ML training clustersHyperscaler colocation for GPU deploymentsHigh-power-density infrastructure for AI workloads
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Enterprise colocation and interconnectionTraditional cloud hosting leasesContent delivery and network hub facilities
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix