DigitalOcean announces Q2 2026 revenue growth of 29%
Record $93 million incremental ARR, RPO reached $894 million, and AI Customer ARR grew 212% to $234 million, prompting an increased 2026 revenue outlook.
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AI-focused cloud infrastructure and application platform
digitalocean.comLast updated
In short: DigitalOcean reported strong Q2 2026 financial results, raised its outlook, and launched an AI-Native Cloud platform for inference.
Record $93 million incremental ARR, RPO reached $894 million, and AI Customer ARR grew 212% to $234 million, prompting an increased 2026 revenue outlook.
The company repurchased ~$472M of its 2030 convertible notes and issued ~12.5M shares at $117.54 to fund it, with no dilution and minimal cash use.
On-demand and 12-month reserved pricing for NVIDIA and AMD GPU droplets will change, with existing contracts unaffected until renewal.
Funded by a concurrent registered direct offering of common stock, the deal aims to reduce net leverage while minimizing dilution.
On August 4, DigitalOcean (NYSE:DOCN) reported second-quarter results that make its AI-cloud pitch look like more than a slide deck. Revenue climbed 29% year over...
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Analysts initiate coverage and change ratings on top stocks like ASND, DOCN, ODTX, MT, and NVCT. See...
Truist starts DigitalOcean (DOCN) at Buy with a $175 target, citing tight GPU supply and faster price pass-through to SMBs.
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