On July 22, DigitalOcean Holdings, Inc. rose 5.2% in regular trading, trading at 143.54 USD/share, with turnover of $138 million.

On the news front, the company previously pre-announced Q2 revenue growth of approximately 29% year over year, with remaining performance obligations expected to exceed $800 million — representing more than 10x growth from the prior-year period. The company also disclosed multiple nine-figure annual customer commitments for its AI inference and cloud products, while adjusted EBITDA margin and non-GAAP EPS are projected to reach or exceed the high end of prior guidance. Additionally, Baird initiated coverage with an Outperform rating, with the mean analyst price target at $178.73.

UBS noted the results were better than expected, driven by the Richmond data center running near full capacity since coming online in March. Within the Internet Services and Infrastructure sector, CoreWeave rose 5.92% and Applied Digital gained 2.28%, providing sector-level tailwinds to the stock.

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