Against the backdrop of a new round of technological revolution and industrial transformation, disruptive technological innovation in technology-leading enterprises is dependent on planned network collaboration and resource allocation. It is also influenced by unplanned innovation opportunities emerging in dynamic environments. The degree of digital innovation network embeddedness has not been fully clarified in existing research. The complementarity between planned collaboration and innovative emergence has also not been fully explained. A moderated mediation model was constructed based on network embeddedness theory and dynamic capability theory. The effect of digital innovation network embeddedness on disruptive technological innovation in technology-leading enterprises was empirically examined. The mediating role of digital capability and the moderating role of technological dynamism were also tested. It was shown that both structural embeddedness and relational embeddedness in digital innovation networks had inverted U-shaped relationships with disruptive technological innovation. Digital capability was found to mediate these relationships. Technological dynamism was found to positively moderate the inverted U-shaped relationships between structural embeddedness and both digital capability and disruptive technological innovation. A moderated mediation effect was also identified in the structural embeddedness path. Technological dynamism was found to negatively moderate the inverted U-shaped relationship between relational embeddedness and disruptive technological innovation. The complex mechanism through which digital innovation network embeddedness promotes disruptive technological innovation in technology-leading enterprises was revealed in the context of the digital economy. Theoretical support and practical references were provided for the development of new-quality productive forces and disruptive innovation under the framework of national strategic scientific and technological capabilities.