DigitalOcean Sees Q2 Revenue Growth of About 29%; RPO Expected to Exceed $800 Million
DigitalOcean (DOCN) said Tuesday that it expects Q2 revenue to grow about 29% year over year. It also expects adjusted earnings before interest, taxes, depreciation, and amortization margin and non-GAAP earnings per share for the quarter to be at or above the high end of its previously provided guidance. Analysts polled by FactSet expect EPS of $0.25, revenue of $274.3 million, and EBITDA of $102.9 million for Q2. The company also said it signed multiple nine-figure annual customer commitments for its artificial intelligence inference and cloud products during the quarter. It projects its remaining performance obligations to increase more than 10-fold from fiscal Q2 2025 to over $800 million. Shares of DigitalOcean rose over 6% in the session. Price: $139.29, Change: $+7.92, Percent Change: +6.03%
DigitalOcean (DOCN) said Tuesday that it expects Q2 revenue to grow about 29% year over year.
It also expects adjusted earnings before interest, taxes, depreciation, and amortization margin and non-GAAP earnings per share for the quarter to be at or above the high end of its previously provided guidance.
Analysts polled by FactSet expect EPS of $0.25, revenue of $274.3 million, and EBITDA of $102.9 million for Q2.
The company also said it signed multiple nine-figure annual customer commitments for its artificial intelligence inference and cloud products during the quarter.
It projects its remaining performance obligations to increase more than 10-fold from fiscal Q2 2025 to over $800 million.
Shares of DigitalOcean rose over 6% in the session.
Price: $139.29, Change: $+7.92, Percent Change: +6.03%