Cloud platform DigitalOcean announced its first quarter financial results for the 2026 fiscal year. The company recorded $258 million in revenue, marking a year-over-year increase of 22 percent. This follows the launch of its AI-Native Cloud, which is designed for inference and agentic workloads.
“The inference and agentic era needs its own cloud. DigitalOcean built it, and our record Q1 results demonstrate the strength of our platform,” Paddy Srinivasan, DigitalOcean’s CEO, said in a statement. “We drove 22 percent top-line growth … and we exceeded our revenue and profitability guidance ... We continue to invest in what we believe is a generational market opportunity, adding approximately 60 megawatts of incremental committed data center capacity that will come online throughout 2027 to support growing customer demand.”
Looking ahead, the company forecasts its revenue in the second quarter to total between $272 and $274 million, increasing by 24 to 25 percent year-over-year, and it expects its revenue for the entirety of 2026 to total between $1.130 and $1.145 billion, increasing by 25 to 27 percent year-over-year.
