Analyst Consensus ?
ConsensusBuy18 ratings
Bullish1477.8%
Neutral422.2%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
DigitalOcean Holdings, Inc. · DOCN · FY2026 Q2 · Calendar Q3 2026
DigitalOcean raises FY2026 outlook as AI inference adoption accelerates
The quarter supports the view that AI demand and customer adoption can sustain DigitalOcean’s growth trajectory: management described rapid inference uptake, stronger contribution from larger customer cohorts and a raised full-year outlook. The case remains execution-dependent, particularly around capacity delivery, pricing and the economics of serving AI workloads.
Reported Before market openNYSETechnology
$10.64B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.45
Consensus $0.26
EPS surprise
+72.9%
Reported versus consensus
Reported revenue
$281.2M
Consensus $279.0M
Revenue surprise
+0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.4%
Event window
SPY move
+1.8%
Same window
Abnormal move
-0.5%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-15.5%
Up to 20 sessions
DOCNSPY benchmark
Ask FN2 about DOCN FY2026 Q2
Transcript, numbers and history already loaded
Why did DOCN rise 1.4% after beating EPS estimates in FY2026 Q2?What changed in DOCN's guidance and outlook in FY2026 Q2?Give me the bull and bear case for DOCN after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management raised its full-year 2026 revenue-growth outlook to about 30%, from the prior quarter’s roughly 26% outlook, while maintaining its bullish 2027 growth view. The update also emphasized rapid inference adoption and continued capacity expansion; those plans increase the importance of delivering new infrastructure and converting demand into durable, profitable revenue.
Guidance delta
Raised the 2026 revenue-growth outlook to about 30%; management continued to express a 50%+ growth outlook for 2027. The supplied prior-quarter analysis had described approximately 26% growth for 2026 and a 50%+ 2027 target.
Key takeaways
- Management reported 29% year-over-year revenue growth and record incremental ARR, alongside a 40% adjusted EBITDA margin.
- Inference services and open-weight model workloads were prominent demand drivers in management’s account; the company described rapid customer adoption after launch.
- The stronger 2026 outlook and continued 2027 growth ambition are paired with a substantial infrastructure rollout, leaving execution and unit economics central to the thesis.
Management priorities
- Expand data-center capacity and continue the infrastructure rollout through 2027.
- Develop the AI Native Cloud, inference engine, model catalog and related platform features.
- Broaden go-to-market execution while focusing on larger, higher-spending customer cohorts.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$90.5Current
$36Low
$122.04Average
$220High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Oct 26, 2026 |
| Piper Sandler | Overweight | Neutral | Upgrade | Oct 21, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Oct 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 5, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 5, 2026 |
| Stifel | Buy | Hold | Upgrade | Jul 22, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Jul 10, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | May 7, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 6, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 9, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Mar 26, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Feb 25, 2026 |
| Needham | Hold | Hold | Maintain | May 6, 2025 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 26, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Feb 26, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Jan 27, 2025 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 4, 2023 |
| Keybanc | Overweight | Downgrade | Oct 28, 2022 | |
| William Blair | Outperform | Outperform | Maintain | Nov 12, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $90.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stifel Nicolaus | Analyst unavailable | $130 | $90.5 | +43.6% | Nov 3, 2026 |
| UBS | Radi Sultan | $105 | $93.22 | +16.0% | Oct 26, 2026 |
| Piper Sandler | James Fish | $126 | $99.48 | +39.2% | Oct 21, 2026 |
| Oppenheimer | Analyst unavailable | $220 | $128.21 | +143.1% | Oct 14, 2026 |
| Truist Financial | Miller Jump | $175 | $114.99 | +93.4% | Aug 27, 2026 |
| UBS | Analyst unavailable | $140 | $122.3 | +54.7% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $161 | $128.89 | +77.9% | Aug 5, 2026 |
| Stifel Nicolaus | Brad Reback | $160 | $136.45 | +76.8% | Jul 21, 2026 |
| Robert W. Baird | Rob Oliver | $165 | $136.45 | +82.3% | Jul 21, 2026 |
| Barclays | Analyst unavailable | $160 | $119.09 | +76.8% | Jul 21, 2026 |
| UBS | Radi Sultan | $155 | $135.6 | +71.3% | Jul 8, 2026 |
| Barclays | Analyst unavailable | $184 | $137.12 | +103.3% | Jul 7, 2026 |
| KeyBanc | Analyst unavailable | $200 | $173.2 | +121.0% | Jun 2, 2026 |
| UBS | Analyst unavailable | $175 | $157.71 | +93.4% | May 12, 2026 |
| Goldman Sachs | Analyst unavailable | $179 | $161.01 | +97.8% | May 6, 2026 |
| Morgan Stanley | Josh Baer | $175 | $151.49 | +93.4% | May 6, 2026 |
| Oppenheimer | Analyst unavailable | $190 | $152.25 | +109.9% | May 6, 2026 |
| Canaccord Genuity | Analyst unavailable | $200 | $152.25 | +121.0% | May 6, 2026 |
| Barclays | Raimo Lenschow | $183 | $152.25 | +102.2% | May 6, 2026 |
| Piper Sandler | James Fish | $155 | $152.69 | +71.3% | May 5, 2026 |
| Oppenheimer | Analyst unavailable | $115 | $98.99 | +27.1% | Apr 28, 2026 |
| UBS | Analyst unavailable | $97 | $93.98 | +7.2% | Apr 21, 2026 |
| Barclays | Analyst unavailable | $105 | $88.35 | +16.0% | Apr 20, 2026 |
| Stifel Nicolaus | Analyst unavailable | $57 | $62.71 | -37.0% | Feb 24, 2026 |
| RBC Capital | Analyst unavailable | $60 | $62.74 | -33.7% | Feb 24, 2026 |
| Piper Sandler | Analyst unavailable | $67 | $62.22 | -26.0% | Feb 24, 2026 |
| Canaccord Genuity | Analyst unavailable | $80 | $68.18 | -11.6% | Feb 20, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $68 | $57.27 | -24.9% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $63 | $53.2 | -30.4% | Jan 12, 2026 |
| Piper Sandler | James Fish | $50 | $48.97 | -44.8% | Jan 5, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $47 | $47.92 | -48.1% | Nov 6, 2025 |
| Canaccord Genuity | Analyst unavailable | $60 | $47.92 | -33.7% | Nov 6, 2025 |
| Canaccord Genuity | Analyst unavailable | $55 | $37.84 | -39.2% | Oct 9, 2025 |
| Stifel Nicolaus | Analyst unavailable | $36 | $34.81 | -60.2% | Aug 5, 2025 |
| Goldman Sachs | Gabriela Borges | $41 | $28.25 | -54.7% | May 6, 2025 |
| Piper Sandler | James Fish | $34 | $33.2 | -62.4% | Jul 15, 2024 |
| UBS | Jeff Hickey | $40 | $38.76 | -55.8% | May 22, 2024 |
| Canaccord Genuity | David Hynes | $42 | $35.91 | -53.6% | May 13, 2024 |
| Goldman Sachs | Gabriela Borges | $33 | $23.85 | -63.5% | Nov 7, 2023 |
| Needham | Mike Cikos | $36 | $29.74 | -60.2% | Dec 8, 2022 |
| Morgan Stanley | Josh Baer | $45 | $40.39 | -50.3% | Jul 11, 2022 |
| Oppenheimer | Timothy Horan | $80 | $41.48 | -11.6% | May 19, 2022 |
| Goldman Sachs | Gabriela Borges | $49 | $37.8 | -45.9% | May 15, 2022 |
| KeyBanc | Michael Turits | $54 | $44.05 | -40.3% | Apr 28, 2022 |
| Piper Sandler | James Fish | $72 | $56.85 | -20.4% | Apr 5, 2022 |
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Start freeCompany context
Snapshot as of publicationDigitalOcean Holdings, Inc., through its various operating entities, provides a global cloud computing environment with reach across North America, Europe, Asia, and beyond. This adaptable platform delivers on-demand infrastructure and essential developer tools, specifically designed for individual developers, new start-ups, and small to mid-sized businesses. The company offers fundamental infrastructure components such as computing power, storage, and networking capabilities, while also enabling developers to expand their cloud solutions using a range of fully managed offerings for…
Historical context
All DOCN earningsTechnology peers this season
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|---|---|---|---|---|
| ZBRA Zebra Technologies Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -9.5% | Zebra raises its full-year outlook as demand offsets memory-cost pressure |
| DT Dynatrace, Inc. | FY2027 Q2 · Calendar Q4 2026 | — | -12.7% | Dynatrace grew revenue 17%, while enterprise deal timing held back net new ARR |
| SHOP Shopify Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -5.7% | Shopify pairs Q3 growth with agentic commerce investment |
| BR Broadridge Financial Solutions, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +0.2% | Broadridge Q1 FY2027: 11% recurring-revenue growth; outlook reaffirmed |
| IT Gartner, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -13.0% | Gartner Raises FY2026 Guidance as Contract Value Growth Accelerates |
| FISV Fiserv, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +12.4% | Fiserv Holds FY2026 Guidance as Merchant Trends Improve, Risks Persist |
Latest beats and misses
Who reports nextBeat on EPS
- KDPFY2026 Q3 · November 3, 2026+6.8% EPS-5.6% move
- APTVFY2026 Q3 · November 3, 2026+6.8% EPS-6.5% move
- PHGFY2026 Q3 · November 3, 2026+24.3% EPS+3.2% move
- FANGFY2026 Q3 · November 2, 2026+2.4% EPS-3.7% move
- RRXFY2026 Q3 · November 3, 2026+41.1% EPS+11.8% move
- UDRFY2026 Q3 · November 2, 2026+340.8% EPS+0.1% move
Get the DOCN recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-04T18:08:14.785455+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-11-04T03:00:48.975968+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T03:00:48.973055+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.