DigitalOcean rents servers by the hour to developers and, increasingly, GPUs to companies building artificial-intelligence products. In the second quarter of 2026 its revenue grew 28.6%, more than double the rate of a year earlier; contracted revenue not yet recognised reached $894 million, from $134 million six months before; and GAAP operating income fell 17.5%. This is a full institutional-grade equity research report on DigitalOcean Holdings, Inc. (NYSE: DOCN), written to explain cloud infrastructure from first principles and built from SEC XBRL company facts, every Form 10-K and 10-Q since the 2021 listing, the prospectus, five proxy statements and every earnings release, into eight chapters and 81 rebuilt charts.
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