Databricks revenue growth tops 80% to $6.9 billion annualized

Databricks said its annualized revenue has climbed more than 80% from a year earlier to $6.9 billion, up from $5.4 billion in the prior fiscal fourth quarter. The company shared the update at its Data and AI Summit in San Francisco on June 16, 2026. CEO Ali Ghodsi said the company is benefiting from heavier use of AI tools, especially as customers deploy more agents to query data and automate tasks. He noted that this is increasing consumption across Databricks’ platform, which supports a usagebased business model. At the same time, Databricks said margins are under pressure because more AI activity raises its underlying costs. Ghodsi said gross margin would move lower, while also pointing to growing demand for the company’s AI products, which now generate $1.7 billion in annual revenue. Databricks also announced new moves in cybersecurity and marketing data software as it expands into industryspecific products.