DigitalOcean (DOCN) reported Q3 non-GAAP net income Wednesday of $0.54 per diluted share, up from $0.52 a year earlier.

Analysts polled by FactSet expected $0.49.

Revenue for the quarter ended Sept. 30 was $229.6 million, up from $198.5 million a year earlier.

Analysts surveyed by FactSet expected $226.6 million.

The company said it expects Q3 non-GAAP net income of $0.35 to $0.40 per diluted share on total revenue of $237 million to $238 million. Analysts surveyed by FactSet expect $0.46 and $234.4 million, respectively.

DigitalOcean lowered its 2025 non-GAAP earnings guidance to $2.00 to $2.05 per diluted share, from the previous range of $2.05 to $2.10. Total revenue for the year is now expected to be in a range of $896 to $897 million, up from the previous range of $888 million to $892 million.

Analysts polled by FactSet expect EPS of $2.09 on revenue of $890.4 million.

The company's shares were up nearly 8% in recent Wednesday premarket activity.