On August 4, DigitalOcean Holdings, Inc. rose 5.37% overnight, trading at $134.0/share, with turnover of $213,300. The company is scheduled to report Q2 earnings before market open on August 4.

On the news front, the company previously pre-announced Q2 revenue growth of approximately 29% year over year, with adjusted EBITDA margin and non-GAAP EPS expected to reach or exceed the high end of prior guidance. During the quarter, DigitalOcean signed multiple nine-figure annual customer commitments for its AI inference and cloud products, projecting remaining performance obligations to surge more than 10-fold year over year to over $800 million. UBS noted that the Richmond data center, which came online in March, is now running near full capacity, while the Kansas City facility ramp will be a key Q3 revenue variable.

Additionally, the stock had previously declined over 15% following the completion of approximately $472 million in convertible senior notes repurchase and issuance of roughly 12.5 million shares at $117.54 per share. With short-term selling pressure absorbed, bullish sentiment continues to recover ahead of earnings.

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