DigitalOcean Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
DigitalOcean Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
DigitalOcean Holdings Inc DOCN.N reported quarterly adjusted earnings of 45 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 37 cents per share.
Revenue rose 28.6% to $281.18 million from a year ago; analysts expected $279.19 million.
DigitalOcean Holdings Inc's reported EPS for the quarter was 29 cents.
The company reported quarterly net income of $35.44 million.
DigitalOcean Holdings Inc shares had fallen by 19.0% this quarter and gained 164.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 5.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for DigitalOcean Holdings Inc is $175.00, about 27.3% above its last closing price of $127.17
This summary was machine generated from LSEG data August 4 at 01:32 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.26 | 0.45 | Beat |
Mar. 31 2026 | 0.27 | 0.44 | Beat |
Dec. 31 2025 | 0.38 | 0.44 | Beat |
Sep. 30 2025 | 0.49 | 0.54 | Beat |