DigitalOcean's second quarter revenue surged 29% to $281.2 million, prompting a raised full-year 2026 outlook.

DigitalOcean reported second quarter revenue of $281.2 million, up 29% year-over-year and well ahead of analyst estimates. Non-GAAP EPS came in at $0.45, also significantly beating expectations. The company raised its full-year 2026 revenue guidance, citing accelerating growth from high-spending and AI-native customers.

Key Highlights

• AI Customer Annual Run-Rate Revenue (ARR) grew 212% year-over-year to $234 million, indicating strong adoption of its AI-focused cloud services.
• Remaining Performance Obligation (RPO) increased 12-fold year-over-year to $894 million, signaling a significant increase in future contracted revenue.
• DigitalOcean raised its full-year 2026 revenue guidance to a range of $1.170 to $1.180 billion, representing 30% to 31% annual growth.