Digital Realty Trust
DLRQ1 2023(DLR Q4 FY2022)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$692.6M
AI Revenue (Q)
$29.8M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
DLR's 10-K for FY2022 (ending December 31, 2022) describes the company as 'a leading global provider of data center, colocation and interconnection solutions.' The Industry Background section mentions AI only generically alongside IoT, 5G, and autonomous vehicles as technology trends driving digital transformation and data center demand. Portfolio consisted of 316 data centers across 6 continents. No AI-specific revenue segment, no customer workload breakdown, no AI leasing metrics disclosed. ChatGPT launched in late November 2022, sparking initial AI infrastructure interest but not yet reflected in DLR's long-term lease revenue base. Slight uptick to 2.5% acknowledging early hyperscaler AI-related inquiries. Q4 revenue derived from FY2022 nine-month total of $3,458,727K subtracted from estimated FY2022 annual. Math: Estimated Q4 revenue ~$1,200,000K x 2.5% = ~$30,000K.
Analyzed by claude-opus-4-6
Quoted Figures
As of December 31, 2022, our portfolio consisted of 316 data centers (including 59 data centers held as investments in unconsolidated entities), of which 132 are located in the United States, 114 are located in Europe, 34 are located in Latin America, 14 are located in Africa, 13 are located in Asia, six are located in Australia and three are located in Canada.
10-K for fiscal year ending December 31, 2022, Item 1 Business
The Internet of Things, 5G, autonomous vehicles and artificial intelligence, among other technological advancements, are driving this digital transformation.
10-K for fiscal year ending December 31, 2022, Item 1 Business
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 facilities
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix