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DigitalOcean — Third Quarter 2026 Earnings Summary

DigitalOcean reported third-quarter 2026 revenue of $321 million, representing a 40% year-over-year increase, with annual run-rate revenue reaching $1.285 billion. The company added a record $160 million in new annual recurring revenue, driven by a 288% surge in AI customer ARR to $376 million. DigitalOcean raised its financial outlook, projecting Q4 2026 revenue growth between 44% and 45% and full-year 2027 growth exceeding 60%. Adjusted EBITDA for the quarter was $144 million, reflecting a 45% increase, while the company secured an additional 20 megawatts of data center capacity for 2028.

Company
DIGITALOCEAN HOLDINGS INC
Sector
Technology
Industry
Software - Infrastructure