DigitalOcean Holdings reported third-quarter 2026 revenue of $321 million, a 40% increase year-over-year, driven by strong growth in AI customer Annual Run-Rate Revenue (ARR), which rose 288% to $376 million. The company added a record $160 million in incremental ARR and raised its Q4 2026 revenue growth outlook to 44-45%, with full-year 2027 growth expected at over 60%. Concurrently, DigitalOcean entered into an equity distribution agreement to sell up to $1.0 billion of common stock through an at-the-market offering program managed by Goldman Sachs and other major banks. The company also announced a $785 million equipment lease facility to fund data center capacity expansion.
