Cloud provider DigitalOcean has revealed that it has secured multiple contracts worth hundreds of millions of dollars in annual customer commitments.
The company stated that these new contracts have been secured during its second quarter of fiscal year 2026, and the company is projecting a remaining performance obligation of more than $800 million ahead of the quarter's earnings report, a growth of more than ten times that in Q2 2025.
– DigitalOcean
While details about the contracts - including the quantity, customer names, and value - have not been shared, according to previous filings, the companies' remaining performance obligation as of March 31, 2026, was $243m, showing an increase of at least $557m.
“We continue to win the world’s most sophisticated AI customers, and demand continues to accelerate. Customers recognize the differentiation of our AI-Native Cloud platform, appreciate how easy we make it to scale their businesses, and seek the total cost of ownership advantage that we provide them,” said Paddy Srinivasan, CEO of DigitalOcean. “By working directly with our customers to build capabilities, such as our Inference Router that balances price and performance across both closed and open source models, we continue to extend our software advantage and further separate ourselves from bare-metal GPU rental companies.”
