Looking back on data storage stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including DigitalOcean (NYSE: DOCN) and its peers.

Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video.

The 4 data storage stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 3.2% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.5% since the latest earnings results.

Weakest Q4: DigitalOcean (NYSE: DOCN)

Built for simplicity in a world of complex cloud solutions, DigitalOcean (NYSE: DOCN) provides a simplified cloud computing platform that enables developers and small businesses to quickly deploy and scale applications.

DigitalOcean reported revenues of $242.4 million, up 18.3% year on year. This print exceeded analysts’ expectations by 2%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ EBITDA estimates but full-year EPS guidance missing analysts’ expectations significantly.

DigitalOcean delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Interestingly, the stock is up 45.1% since reporting and currently trades at $85.95.

Is now the time to buy DigitalOcean? Access our full analysis of the earnings results here, it’s free.

Best Q4: Snowflake (NYSE: SNOW)

Named after the unique architecture of its data warehouse which resembles a snowflake pattern, Snowflake (NYSE: SNOW) provides a cloud-based data platform that enables organizations to consolidate, analyze, and share data across multiple cloud providers.

Snowflake reported revenues of $1.28 billion, up 30.1% year on year, outperforming analysts’ expectations by 2.1%. The business had an exceptional quarter with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.

Snowflake delivered the fastest revenue growth among its peers. The company added 45 enterprise customers paying more than $1 million annually to reach a total of 733. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 10.2% since reporting. It currently trades at $151.93.

Is now the time to buy Snowflake? Access our full analysis of the earnings results here, it’s free.

MongoDB (NASDAQ: MDB)

Named after "humongous database," reflecting its ability to handle massive data loads, MongoDB (NASDAQ: MDB) provides a flexible document-based database platform that helps developers build, deploy, and maintain modern applications more efficiently.

MongoDB reported revenues of $695.1 million, up 26.7% year on year, exceeding analysts’ expectations by 3.7%. It was a satisfactory quarter as it also posted a solid beat of analysts’ billings estimates but EPS guidance for next quarter missing analysts’ expectations.

MongoDB delivered the weakest full-year guidance update in the group. The company added 105 enterprise customers paying more than $100,000 annually to reach a total of 2,799. As expected, the stock is down 24.5% since the results and currently trades at $245.50.

Read our full analysis of MongoDB’s results here.

Commvault (NASDAQ: CVLT)

Born from the need to create ironclad protection in an increasingly dangerous digital world, Commvault (NASDAQ: CVLT) provides data protection and cyber resilience software that helps organizations secure, back up, and recover their data across on-premises, hybrid, and multi-cloud environments.

Commvault reported revenues of $313.8 million, up 19.5% year on year. This result surpassed analysts’ expectations by 4.9%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.

Commvault delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is down 40.4% since reporting and currently trades at $77.15.

Read our full, actionable report on Commvault here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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