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Update: DigitalOcean Shares Jump After Q1 Tops Estimates, 2026 Guidance Raised

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(Updates with the latest stock movement in the first paragraph and headline.)

DigitalOcean (DOCN) shares were up roughly 36% in Tuesday afternoon trading after the company reported Q1 results that exceeded analysts' expectations and raised its 2026 guidance.

The company reported Q1 non-GAAP earnings Tuesday of $0.44 per diluted share, down from $0.56 a year earlier.

Analysts polled by FactSet expected $0.27.

Revenue for the quarter ended March 31 was $257.9 million, compared with $210.7 million a year earlier.

Analysts polled by FactSet expected $249.8 million.

The company expects Q2 non-GAAP EPS of $0.20 to $0.23. Analysts polled by FactSet expect $0.24. Revenue for the quarter is projected to be $272 million to $274 million. Analysts polled by FactSet expect $260.9 million.

For 2026, DigitalOcean now expects non-GAAP EPS of $1.10 to $1.20, from $0.75 to $1 previously. Analysts polled by FactSet expect $1.03.

The company also raised 2026 revenue outlook to between $1.13 billion and $1.15 billion, from $1.08 billion to $1.11 billion previously. Analysts polled by FactSet expect $1.10 billion.

Price: $147.46, Change: $+38.65, Percent Change: +35.52%

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