capital · May 16, 2026
DigitalOcean Reports 221% AI Revenue Growth in Q1 2026 Earnings
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DigitalOcean reported 221% AI revenue growth during the Q1 2026 earnings call. Revenue totaled $257.9 million versus analyst estimates of $249.7 million. CEO Padmanabhan Srinivasan emphasized the company is a full stack cloud platform rather than a GPU rental business. The firm launched its AI native cloud platform with 15 new products at the Deploy conference. DigitalOcean acquired Katanemo Labs Inc. on April 2, 2026, bringing Salman Paracha as Senior Vice President of AI.
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