earnings
confidence high
sentiment positive
materiality 0.80
DigitalOcean Q2 revenue $192M (+13% YoY); net income $19M; guides Q3 $196-197M
DigitalOcean Holdings, Inc.
2024-Q2 EPS reported
$0.35
revenue$377,206,000
- GAAP net income $19M, diluted EPS $0.20; non-GAAP diluted EPS $0.48.
- Adjusted EBITDA $82M (42% margin), up 13% YoY; ARR $781M (+15% YoY).
- AI/ML ARR grew >200% YoY; GPU droplets (NVIDIA H100) launched in early access.
- Q3 2024 guidance: revenue $196-197M; adjusted EBITDA margin 37-38%; non-GAAP EPS $0.39-0.41.
- FY 2024 guidance: revenue $770-775M; adj. EBITDA margin 37-39%; adj. FCF margin 15-17%.