Data Center Signal

“Global Capacity >3,500 MW buildable IT capacity 644 MW under construction 4Q24 Financial Results 42 MW delivered in 4Q 42 MW new starts in 4Q ~2,700 MW in place IT capacity”

“Global Capacity ~3,500 MW buildable IT capacity 814 MW under construction 1Q25 Financial Results 49 MW delivered in 1Q 219 MW new starts in 1Q ~2,760 MW in place IT capacity”

“Global Capacity ~5,000 MW buildable IT capacity(1) 734 MW under construction 2Q25 Financial Results 96 MW delivered in 2Q 16 MW new starts in 2Q ~2,850 MW in place IT capacity”

“Global Capacity 769 MW under construction 4Q25 Financial Results 90 MW delivered in 4Q25 135 MW net new starts in 4Q25 ~3 GW in-place IT capacity”

“Global Capacity ~6 GW Future Development IT Capacity 1Q26 Financial Results ~3 GW In-Place IT Capacity Note: As of March 31, 2026. ~9 GW Total Data Center IT Capacity”

“Global Capacity ~9 GW Future Development IT Capacity 2Q26 Financial Results ~3 GW In-Place IT Capacity Note: As of June 30, 2026. ~12 GW Total Data Center IT Capacity”

“Global Capacity >3,500 MW buildable IT capacity 644 MW under construction 4Q24 Financial Results 42 MW delivered in 4Q 42 MW new starts in 4Q ~2,700 MW in place IT capacity”

“Global Capacity ~3,500 MW buildable IT capacity 814 MW under construction 1Q25 Financial Results 49 MW delivered in 1Q 219 MW new starts in 1Q ~2,760 MW in place IT capacity”

“Global Capacity ~5,000 MW buildable IT capacity(1) 734 MW under construction 2Q25 Financial Results 96 MW delivered in 2Q 16 MW new starts in 2Q ~2,850 MW in place IT capacity”

“With five gigawatts of buildable IT capacity worldwide, we are well-positioned to meet our customers' evolving needs.”

“Data Center: Leasable Megawatts 450.2 424.2 416.2 364.7 265.7 Leased % - Stabilized 97.9 % 98.0 % 97.4 % 98.7 % 96.0 % Leased % - Total 96.3 % 96.1 % 95.5 % 96.8 % 93.5 %”

“Data Center: Leasable Megawatts 452.2 450.2 424.2 416.2 364.7 Leased % - Stabilized 98.2 % 97.9 % 98.0 % 97.4 % 98.7 % Leased % - Total 97.0 % 96.3 % 96.1 % 95.5 % 96.8 %”

“Data Center: Leasable Megawatts 488.2 452.2 450.2 424.2 416.2 Leased % - Stabilized 98.0 % 98.2 % 97.9 % 98.0 % 97.4 % Leased % - Total 96.9 % 97.0 % 96.3 % 96.1 % 95.5 %”

“Data Center: Leasable Megawatts 507.2 488.2 452.2 450.2 424.2 Leased % - Stabilized 98.3 % 98.0 % 98.2 % 97.9 % 98.0 % Leased % - Total 97.2 % 96.9 % 97.0 % 96.3 % 96.1 %”

“Data Center: Leasable Megawatts 450.2 424.2 416.2 364.7 265.7 Leased % - Stabilized 97.9 % 98.0 % 97.4 % 98.7 % 96.0 % Leased % - Total 96.3 % 96.1 % 95.5 % 96.8 % 93.5 %”

“Data Center: Leasable Megawatts 452.2 450.2 424.2 416.2 364.7 Leased % - Stabilized 98.2 % 97.9 % 98.0 % 97.4 % 98.7 % Leased % - Total 97.0 % 96.3 % 96.1 % 95.5 % 96.8 %”

“Data Center: Leasable Megawatts 488.2 452.2 450.2 424.2 416.2 Leased % - Stabilized 98.0 % 98.2 % 97.9 % 98.0 % 97.4 % Leased % - Total 96.9 % 97.0 % 96.3 % 96.1 % 95.5 %”

“Data Center: Leasable Megawatts 507.2 488.2 452.2 450.2 424.2 Leased % - Stabilized 98.3 % 98.0 % 98.2 % 97.9 % 98.0 % Leased % - Total 97.2 % 96.9 % 97.0 % 96.3 % 96.1 %”

“Data Center: Leasable Megawatts 450.2 424.2 416.2 364.7 265.7 Leased % - Stabilized 97.9 % 98.0 % 97.4 % 98.7 % 96.0 % Leased % - Total 96.3 % 96.1 % 95.5 % 96.8 % 93.5 %”

“Data Center: Leasable Megawatts 452.2 450.2 424.2 416.2 364.7 Leased % - Stabilized 98.2 % 97.9 % 98.0 % 97.4 % 98.7 % Leased % - Total 97.0 % 96.3 % 96.1 % 95.5 % 96.8 %”

“Data Center: Leasable Megawatts 488.2 452.2 450.2 424.2 416.2 Leased % - Stabilized 98.0 % 98.2 % 97.9 % 98.0 % 97.4 % Leased % - Total 96.9 % 97.0 % 96.3 % 96.1 % 95.5 %”

“Data Center: Leasable Megawatts 507.2 488.2 452.2 450.2 424.2 Leased % - Stabilized 98.3 % 98.0 % 98.2 % 97.9 % 98.0 % Leased % - Total 97.2 % 96.9 % 97.0 % 96.3 % 96.1 %”

“Data Center: Leasable Megawatts 450.2 424.2 416.2 364.7 265.7 Leased % - Stabilized 97.9 % 98.0 % 97.4 % 98.7 % 96.0 % Leased % - Total 96.3 % 96.1 % 95.5 % 96.8 % 93.5 %”

“Data Center: Leasable Megawatts 452.2 450.2 424.2 416.2 364.7 Leased % - Stabilized 98.2 % 97.9 % 98.0 % 97.4 % 98.7 % Leased % - Total 97.0 % 96.3 % 96.1 % 95.5 % 96.8 %”

“Data Center: Leasable Megawatts 488.2 452.2 450.2 424.2 416.2 Leased % - Stabilized 98.0 % 98.2 % 97.9 % 98.0 % 97.4 % Leased % - Total 96.9 % 97.0 % 96.3 % 96.1 % 95.5 %”

“Data Center: Leasable Megawatts 507.2 488.2 452.2 450.2 424.2 Leased % - Stabilized 98.3 % 98.0 % 98.2 % 97.9 % 98.0 % Leased % - Total 97.2 % 96.9 % 97.0 % 96.3 % 96.1 %”

“Total Potential Capacity - Megawatts Q2 2025 Q2 2024 Operating Portfolio 450.2 265.7 Under Construction 201.5 305.5 Held for Development 628.2 346.6 Total Data Center Portfolio 1,279.9 917.8”

“Total Potential Capacity - Megawatts Q3 2025 Q3 2024 Operating Portfolio 452.2 364.7 Under Construction 202.5 206.5 Held for Development 685.2 346.6 Total Data Center Portfolio 1,339.9 917.8”

“Total Potential Capacity - Megawatts Q4 2025 Q4 2024 Operating Portfolio 488.2 416.2 Under Construction 190.5 164.5 Held for Development 661.2 699.2 Total Data Center Portfolio 1,339.9 1,279.9”

“Total Potential Capacity - Megawatts Q2 2025 Q2 2024 Operating Portfolio 450.2 265.7 Under Construction 201.5 305.5 Held for Development 628.2 346.6 Total Data Center Portfolio 1,279.9 917.8”

“Total Potential Capacity - Megawatts Q3 2025 Q3 2024 Operating Portfolio 452.2 364.7 Under Construction 202.5 206.5 Held for Development 685.2 346.6 Total Data Center Portfolio 1,339.9 917.8”

“Total Potential Capacity - Megawatts Q4 2025 Q4 2024 Operating Portfolio 488.2 416.2 Under Construction 190.5 164.5 Held for Development 661.2 699.2 Total Data Center Portfolio 1,339.9 1,279.9”

“Total Potential Capacity - Megawatts Q1 2026 Q1 2025 Operating Portfolio 507.2 424.2 Under Construction 181.5 356.5 Held for Development 684.2 524.6 Total Data Center Portfolio 1,372.9 1,305.3”

“Kilowatts Leased - New/Expansion 2,325 3,700 9,664 9,205 66,493 Churn 0.5 % 0.3 % 4.4 % 0.5 % 1.2 %”

“Kilowatts Leased - New/Expansion 13,464 2,325 3,700 9,664 9,205 Churn 0.3 % 0.5 % 0.3 % 4.4 % 0.5 %”

“Kilowatts Leased - New/Expansion 43,413 13,464 2,325 3,700 9,664 Churn 1.7 % 0.3 % 0.5 % 0.3 % 4.4 %”

“Kilowatts Leased - New/Expansion 21,849 43,413 13,464 2,325 3,700 Churn 0.4 % 1.7 % 0.3 % 0.5 % 0.3 %”

“Kilowatts Leased - New/Expansion 2,325 3,700 9,664 9,205 66,493 Churn 0.5 % 0.3 % 4.4 % 0.5 % 1.2 %”

“Kilowatts Leased - New/Expansion 13,464 2,325 3,700 9,664 9,205 Churn 0.3 % 0.5 % 0.3 % 4.4 % 0.5 %”

“Kilowatts Leased - New/Expansion 43,413 13,464 2,325 3,700 9,664 Churn 1.7 % 0.3 % 0.5 % 0.3 % 4.4 %”

“Kilowatts Leased - New/Expansion 21,849 43,413 13,464 2,325 3,700 Churn 0.4 % 1.7 % 0.3 % 0.5 % 0.3 %”

“Total Interconnections 472,300 478,000 482,200 486,100 492,300 6,200 Worldwide Cross Connections Worldwide Virtual Connections 414,100 418,100 419,900 422,100 426,700 58,200 59,900 62,300 64,000 65,600”

“Total Interconnections 472,300 478,000 482,200 486,100 492,300 6,200 Worldwide Cross Connections Worldwide Virtual Connections 414,100 418,100 419,900 422,100 426,700 58,200 59,900 62,300 64,000 65,600”

“5,000+ Customers 227,000+ Cross Connects 50+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need”

“5,000+ Customers 228,000+ Cross Connects 50+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need”

“5,000+ Customers 229,000+ Cross Connects 50+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need”

“5,500+ Customers 232,500 Cross Connects 55+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need”

“5,500+ Customers 234,000+ Cross Connects 55+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need”

“The backlog of signed-but-not-commenced leases at quarter-end increased to $859 million of annualized GAAP base rent at Digital Realty's share.”

“The backlog of signed-but-not-commenced leases at quarter-end was $797 million of annualized GAAP base rent at Digital Realty's share.”

“The backlog of signed-but-not-commenced leases at quarter-end was $919 million of annualized GAAP base rent at Digital Realty's share.”

“The backlog of signed-but-not-commenced leases at quarter-end was $826 million of annualized GAAP base rent at Digital Realty's share.”

“The weighted-average lag between new leases signed during the third quarter of 2025 and the contractual commencement date was eight months. The backlog of signed-but-not-commenced leases at quarter-end was $852 million of annualized GAAP base rent at Digital Realty’s share.”

“The weighted-average lag between new leases signed during the fourth quarter of 2025 and the contractual commencement date was eight months. The backlog of signed-but-not-commenced leases at quarter-end was $817 million of annualized GAAP base rent, at Digital Realty’s share.”

“The backlog of signed-but-not-commenced leases at quarter-end was $1.8 billion of annualized GAAP base rent at 100% share, and $1.0 billion at Digital Realty’s share.”

“The backlog of signed-but-not-commenced leases at quarter-end was $1.9 billion of annualized GAAP base rent at 100% share, and $1.4 billion at Digital Realty’s share.”

“As of March 31, 2025, the Company had $14.7 billion of unsatisfied RPO”

“As of June 30, 2025, the Company had $30.1 billion of unsatisfied RPO”

“As of September 30, 2025, the Company had $50.0 billion of unsatisfied RPO”

“As of December 31, 2025, the Company had $60.7 billion of unsatisfied RPO”

“As of March 31, 2026, the Company had $98.8 billion of unsatisfied RPO”

“Commercial remaining performance obligation increased 22% and 21% in constant currency to $259 billion. Roughly 40% will be recognized in revenue in the next 12 months.”

“Commercial remaining performance obligation increased to $298 billion, up 34% and 36% in constant currency. Roughly 40% will be recognized in revenue in the next 12 months.”

“Commercial remaining performance obligation increased to $315 billion, up 34% and 33% in constant currency. Roughly 40% will be recognized in revenue in the next 12 months.”

“Commercial remaining performance obligation increased to $368 billion, up 37% and 35% in constant currency. Roughly 35% will be recognized in revenue in the next 12 months.”

“Microsoft Cloud revenue was $49.1 billion and increased 26% (up 25% in constant currency), and commercial remaining performance obligation increased 51% to $392 billion.”

“Commercial remaining performance obligation, which continues to be reported net of reserves, increased to $625 billion and was up 110% year-over-year with a weighted average duration of approximately two and a half years.”

“RPO increased to $627 billion and was up 99% year-over-year with a weighted average duration of approximately two and a half years when including OpenAI.”

“Commercial remaining performance obligation grew 84% to $678 billion. All sequential commercial RPO growth was driven by commitments from customers outside of frontier model companies.”

“our backlog is $244 billion. That's up 40% year-over-year. I think it's up 22% quarter-over-quarter.”

“the backlog for Q1 is $364 billion. That does not include the recent deal that we announced with Anthropic for over $100 billion.”

“Our backlog stands at $496 billion, growing triple digits year-over-year.”

“Q1 Total Remaining Performance Obligations up 53% to $99 billion”

“Q2 Total Remaining Performance Obligations $97 billion, up 49% in USD & 50% in constant currency”

“Q3 Remaining Performance Obligations $130 billion, up 62% in USD & up 63% in constant currency”

“Q4 Remaining Performance Obligations up 41% to $138 billion”

“Q1 Remaining Performance Obligations $455 billion, up 359% in both USD and constant currency”

“Q2 Remaining Performance Obligations $523 billion, up 438% in USD”

“Remaining Performance Obligations, or RPO, ended the quarter at $553 billion, up 325% from last year and up $29 billion from last quarter.”

“Remaining Performance Obligations, or RPO, ended the quarter at $638 billion, up 363% USD year-over-year and up $85 billion sequentially from the end of Q3.”

“Nebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.”

“The Agreement and the initial Orders thereunder have a total contract value of up to approximately $27 billion.”

“Minimum Contracted Payments FY26 $ 81,156 FY27 326,340 FY28 372,130 FY29 383,294 FY30 394,793 Thereafter 5,206,486 Total $ 6,764,199”

“Minimum Contracted Payments FY26 $ 81,000 FY27 356,340 FY28 586,030 FY29 606,611 FY30 624,809 Thereafter 8,596,727 Total $ 10,851,517”

“Minimum Contracted Payments FY26 $ 72,000 FY27 479,540 FY28 855,950 FY29 883,279 FY30 908,393 Thereafter 12,351,943 Total $ 15,551,105”

“On April 23, 2026, we entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW of critical IT load at the campus.”

“The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $7.5 billion of contracted revenue over the base term”

“Worldwide Revenues: Colocation | $1,708 | $1,637 | $1,548 | $6,475 | $6,058 | Interconnection | 433 | 422 | 393 | 1,655 | 1,519 | Managed infrastructure | 116 | 118 | 115 | 466 | 467 | Other | 37 | 38 | 35 | 143 | 140 | Recurring revenues | 2,294 | 2,215 | 2,091 | 8,739 | 8,184 | Non-recurring revenues | 126 | 101 | 170 | 478 | 564 | Revenues | $2,420 | $2,316 | $2,261 | $9,217 | $8,748”

“Worldwide Revenues: Colocation | $1,585 | $1,545 | $1,500 | Interconnection | 407 | 393 | 374 | Managed infrastructure | 117 | 115 | 116 | Recurring revenues | 2,143 | 2,087 | 1,991 | Non-recurring revenues | 113 | 138 | 168 | Revenues | $2,256 | $2,225 | $2,159”

“Worldwide Revenues: Colocation | $1,772 | $1,730 | $1,585 | $3,502 | $3,130 | Interconnection | 453 | 446 | 407 | 899 | 800 | Managed infrastructure | 112 | 115 | 117 | 227 | 232 | Other | 40 | 40 | 34 | 80 | 68 | Recurring revenues | 2,377 | 2,331 | 2,143 | 4,708 | 4,230 | Non-recurring revenues | 248 | 113 | 113 | 361 | 251 | Revenues | $2,625 | $2,444 | $2,256 | $5,069 | $4,481”

“Worldwide Revenues: Colocation | $1,708 | $1,637 | $1,548 | $6,475 | $6,058 | Interconnection | 433 | 422 | 393 | 1,655 | 1,519 | Managed infrastructure | 116 | 118 | 115 | 466 | 467 | Other | 37 | 38 | 35 | 143 | 140 | Recurring revenues | 2,294 | 2,215 | 2,091 | 8,739 | 8,184 | Non-recurring revenues | 126 | 101 | 170 | 478 | 564 | Revenues | $2,420 | $2,316 | $2,261 | $9,217 | $8,748”

“Worldwide Revenues: Colocation | $1,708 | $1,637 | $1,548 | $6,475 | $6,058 | Interconnection | 433 | 422 | 393 | 1,655 | 1,519 | Managed infrastructure | 116 | 118 | 115 | 466 | 467 | Other | 37 | 38 | 35 | 143 | 140 | Recurring revenues | 2,294 | 2,215 | 2,091 | 8,739 | 8,184 | Non-recurring revenues | 126 | 101 | 170 | 478 | 564 | Revenues | $2,420 | $2,316 | $2,261 | $9,217 | $8,748”

“Worldwide Revenues: Colocation | $1,772 | $1,730 | $1,585 | $3,502 | $3,130 | Interconnection | 453 | 446 | 407 | 899 | 800 | Managed infrastructure | 112 | 115 | 117 | 227 | 232 | Other | 40 | 40 | 34 | 80 | 68 | Recurring revenues | 2,377 | 2,331 | 2,143 | 4,708 | 4,230 | Non-recurring revenues | 248 | 113 | 113 | 361 | 251 | Revenues | $2,625 | $2,444 | $2,256 | $5,069 | $4,481”

“Worldwide Revenues: Colocation | $1,772 | $1,730 | $1,585 | $3,502 | $3,130 | Interconnection | 453 | 446 | 407 | 899 | 800 | Managed infrastructure | 112 | 115 | 117 | 227 | 232 | Other | 40 | 40 | 34 | 80 | 68 | Recurring revenues | 2,377 | 2,331 | 2,143 | 4,708 | 4,230 | Non-recurring revenues | 248 | 113 | 113 | 361 | 251 | Revenues | $2,625 | $2,444 | $2,256 | $5,069 | $4,481”