US Stock Market Move | Raise full-year revenue guidance DigitalOcean (DOCN.US) surges over 34% in early trading

On Tuesday, DigitalOcean (DOCN.US) surged over 34% in early trading, reaching a record high, with a cumulative increase of 204% so far this year. On the news front, on May 4, DigitalOcean announced its first-quarter results for the 2026 fiscal year, with revenue of $2.579 billion, a 22% year-over-year increase, exceeding market expectations of $2.4968 billion. Adjusted earnings per share were $0.44, higher than the market expectation of $0.26. The company also raised its full-year revenue guidance for 2026 to $11.3-11.45 billion, with a midpoint of $11.375 billion, but still lower than the market consensus of $14.3 billion, and expects revenue growth to exceed 50% in 2027. In addition, DigitalOcean disclosed that its AI customer annual recurring revenue (ARR) reached $170 million, a 221% year-over-year increase; ARR for customers with over a million dollars reached $183 million, a 179% year-over-year increase, showing strong growth momentum in AI-related business and high-end customers.