DigitalOcean reported third quarter results as stock edges higher

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DigitalOcean stock edges higher to $89.79

Highlights

DigitalOcean posted third quarter revenue of $321 million, up 40% year over year, its fastest growth in ten years.
Incremental annual recurring revenue reached $160 million for the quarter, increasing 266% year over year with token volume making up 60% of total revenue.
DigitalOcean stock traded at $89.79.

DigitalOcean reported revenue of $321 million for the third quarter of 2026, representing a 40% increase from the same period a year ago and the company's fastest growth rate in a decade. Incremental annual recurring revenue reached a record $160 million for the quarter, up 266% year over year. The company also saw token volume increase approximately tenfold from the prior quarter, making up about 60% of total revenue.

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Bearish daily structure as wide range fails to lift shares

The daily chart shows that shares of DigitalOcean experienced an intraday range between $86.91 and $93.48, much wider than the weekly average. Price remains below the MA-20, MA-50, and MA-200, maintaining a bearish daily structure. The nearest support is the weekly low at $86.48, and the RSI at 35.1 is nearing oversold territory, indicating that the recent decline could be approaching a limit.

Downside odds dominate as traders watch the $86.48 support

To gauge whether recent developments are being priced in, traders should watch for a close above $107.78 to confirm acceptance, or a drop below $86.48 to signal rejection. The latest session saw the price swing widely between $86.91 and $93.48, reflecting heightened short-term volatility. Even with a sharp move higher over the past week that has not developed into a sustained trend, the probability of upside over the next five trading days is less than 20%, while the probability of downside is more than 80%, with an expected trading range of $80.26 to $99.31. On the weekly chart the longer-term picture stays negative.

Previously it was reported that DigitalOcean faced ongoing downside risks despite expanding its capabilities and attracting significant enterprise GPU migration. The latest acceleration in revenue growth adds further weight to the evolving narrative, but with volatility persisting and technical pressure still evident, traders should monitor for a decisive break above $107.78 or below $86.48 as the next key signal.

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