On July 7, DigitalOcean Holdings rose 10.34% in regular trading, trading at approximately $144.72/share, with turnover of $28.49 million.

On the news front, the company issued a preliminary business update during the session, projecting record Q2 financial results. Remaining performance obligations (RPO) are expected to exceed $800 million, representing more than tenfold year-over-year growth. Additionally, adjusted EBITDA margin and non-GAAP earnings per share are expected to meet or exceed previously issued guidance.

Bank of America highlighted DigitalOcean as a core beneficiary of agentic AI, forecasting revenue growth exceeding 50% for fiscal year 2027. The company previously reported Q1 revenue of $257.9 million, up 22% year-over-year, beating estimates. AI customer annual recurring revenue reached $170 million, surging 221% year-over-year. Full-year revenue guidance was raised to $1.13-$1.15 billion, above the consensus estimate of $1.10 billion. The company also expanded its revolving credit facility by $112.5 million to support growth initiatives.

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