Revenue +18.5% YoY; operating income +44%; Project Matterhorn transformation complete

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Operating income surged 44% YoY to $373.5M as Project Matterhorn transformation concluded, eliminating $105M in restructuring costs from the prior-year period while revenue growth accelerated.

  MD&A: Project Matterhorn completion verify on EDGAR →
• high

  Data center storage rental revenue accelerated to 41.6% YoY growth (from 25.7% baseline), driven by lease commencements, improved pricing, and increased customer power usage.

  MD&A: Data center revenue verify on EDGAR →
• high

  Issued $1.5B of 6.25% senior notes due 2035 in June 2026, using net proceeds of $1.48B to repay revolving credit facility borrowings and for general corporate purposes.

  MD&A: Bond issuance verify on EDGAR →