Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins (Jordan Novet/CNBC)
Databricks reported $6.9B annualized revenue and said rising AI agent usage is increasing infrastructure costs and pressuring margins.
Excerpt
<a href="https://www.cnbc.com/2026/06/16/databricks-revenue-growth-tops-80percent-to-6point9-billion-annualized.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260617/i1.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260617/p1#a260617p1" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jordan Novet / <a href="http://www.cnbc.com/">CNBC</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/06/16/databricks-revenue-growth-tops-80percent-to-6point9-billion-annualized.html">Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins</a></b></span> — Databricks has a unique role in the AI boom. Revenue continues to soar as businesses swarm to the company's data analytics tools.</p>
Read at source: https://www.techmeme.com/260617/p1#a260617p1