DigitalOcean Guides Q3 Adj EPS 28c-30c, Above Consensus
DOCN has more than doubled off its 52-week low of $25.56.
Summary
DigitalOcean issued Q3 2026 adjusted EPS guidance of 28c to 30c, a range that likely exceeds current analyst expectations. This follows a strong Q2 where the company pre-announced results at or above the high end of its prior outlook and reported record RPO exceeding $800M. The guidance signals continued momentum in AI-driven cloud demand, reinforcing the narrative of accelerating revenue growth. With a $14.9B market cap, the stock has already seen significant moves on recent positive news, and this specific forward view gives traders a concrete number to model against. The company recently completed a $1.47B equity offering and note buyback, strengthening its balance sheet. Watch for the full Q2 earnings release for detailed revenue and margin trends.
At the time of this announcement, DOCN was trading at $117.28 on NYSE in the Technology sector, with a market capitalization of approximately $14.9B. The 52-week trading range was $25.56 to $187.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.