Digital Realty Trust
DLRQ4 2022(DLR Q3 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$581.9M
AI Revenue (Q)
$23.8M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
DLR reports total operating revenues of $1,192,083K for Q3 FY2022 (three months ended September 30, 2022). Revenue grew ~4.6% Q/Q partly due to the Teraco acquisition (completed August 1, 2022, adding South Africa data centers). No AI-specific revenue disclosure in the 10-Q. AI data center demand was still pre-ChatGPT (launched November 2022). Maintaining 2% estimate as the industry had not yet seen the AI infrastructure surge. Math: $1,192,083K x 2.0% = ~$23,842K estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Total operating revenues $1,192,083 (three months ended September 30, 2022)
10-Q for period ending September 30, 2022, Condensed Consolidated Income Statements
On August 1, 2022, we completed the acquisition of 61.1% indirect controlling interest in Teraco Data Environments (Pty) Ltd., a leading carrier-neutral data center and interconnection services provider in South Africa. The total purchase price was $1.7 billion cash.
10-Q for period ending September 30, 2022
AI Products Identified (Ring 1)
High-density data center leases for AI/ML training clustersHyperscaler colocation for GPU deployments
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 facilitiesTeraco (South Africa) data center operations
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix