DigitalOcean reports Q1 non-GAAP EPS 44c, consensus 26c

Reports Q1 revenue $258M, consensus $249.76M. “The Inference and agentic era needs its own cloud. DigitalOcean (DOCN) built it, and our record Q1 results demonstrate the strength of our platform,” said Paddy Srinivasan, CEO of DigitalOcean. “We drove 22% top-line growth with our Million+ Dollar Customer ARR growing 179% and our AI Customer ARR growing 221%, and we exceeded our revenue and profitability guidance. We launched the DigitalOcean AI-Native Cloud – the first cloud built end-to-end for the inference and agentic era – with more than 15 new product releases across five fully integrated layers, further differentiating us from bare-metal focused neo-clouds and inference wrappers that lack cloud platforms. We continue to invest in what we believe is a generational market opportunity, adding approximately 60 MW of incremental committed data center capacity that will come online throughout 2027 to support growing customer demand. With this strong momentum, we are raising our 2026 revenue growth outlook to 26% and our 2027 revenue growth outlook to over 50%.”