-- DigitalOcean Holdings (DOCN) 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.
Shares of DigitalOcean Holdings were up more than 18% premarket Tuesday.
Price: $129.00, Change: $+20.19, Percent Change: +18.56%