DDOG · Earnings call · 2026Q2T · Full report

Revenue Performance and Mix

Datadog, Inc. · 2026-08-06 · Importance 59 · Surprise 48 · In source text

Q2 revenue was $1.12 billion, increasing 36% year-over-year and exceeding the high end of guidance, while sequential revenue growth was 11%, the highest since Q2 2022. Revenue from non-AI customers accelerated to the high 20s percentage year-over-year, compared with the mid-20s percentage in Q1 and 18% in the year-ago quarter. New customers contributed approximately 30% of year-over-year revenue growth, up from 25% in Q1, and enterprise new-logo annualized bookings more than doubled year-over-year.

Key facts

• Remaining performance obligations (RPO) was $3.47 billion, up 43% year-over-year; current RPO grew about 40% year-over-year and RPO duration increased year-over-year
• Q2 billings: $1.18 billion, up 38% year-over-year
• Q2 revenue: $1.12 billion, an increase of 36% year-over-year
• Quarter-over-quarter revenue added of $115 million in Q2 is a record by a significant margin
• Q2 quarter-over-quarter revenue growth: 11%, the highest since Q2 2022
• In Q2, 31 AI customers spending more than $1 million annually, of which eight customers spent more than $10 million annually
• Portion of year-over-year revenue growth from new customers was about 30% in Q2, up from 25% in Q1
• Trailing 12-month net revenue retention percentage was in the low 120s and gross revenue retention in the mid- to high-90s

Impact estimates