Software: Thoughts from Databricks' Data + AI Summit 2026

研报英文原文证据摘录

Software: Thoughts from Databricks' Data + AI Summit 2026

RBC Capital Markets, LLC

Matthew Hedberg (Head of

Global TIMT Research)

(612) 313-1293,

matthew.hedberg@rbccm.com

Dan Bergstrom (Analyst)

(612) 313-1254,

dan.bergstrom@rbccm.com

June 17, 2026 Michael Richards (AVP)

(332) 204-5767,

michael.richards@rbccm.com Software: Thoughts from Databricks' Data + AI Matthew Swanson (Analyst)

(612) 313-1237,RESEARCH Summit 2026 matthew.swanson@rbccm.com

Simran Biswal (AVP)

Our view: In conjunction with our broader coverage of the data, AI and analytics market, we attended (646) 618-6894, simran.biswal@rbccm.com the Databricks’ Data + AI Summit this week. Databricks also hosted an investor briefing in conjunction Rishi Jaluria (Analyst)

with the event that provided financial updates across the business, highlighted by the company (415) 633-8798,

expecting to exit the 1H/27 at a $6.9B revenue run-rate growing 80% y/y including 65% core growth. rishi.jaluria@rbccm.com

Recall last year they expected 1H/26 to exit at a $3.7B revenue run-rate growing 50% y/y and actually

ended FY/26 with $4.1B in revenue, >55% y/y growth. The company also made numerous productEQUITY announcements that primarily focused on AI that we summarize on subsequent pages. We believe

enterprise AI adoption is hitting an inflection point as momentum continues to build across cloud/data/

AI modernization with customers leveraging contextual data for an AI advantage, which could serve as a

boost to companies across our data and AI coverage including DDOG & SNOW and our cyber coverage

including CRWD, NET and PANW.

FY/26 roundup and business momentum. Management was optimistic with trends noting that AI is

becoming a significant growth driver at scale with AI revenue of $1.7B growing 100%+ y/y. Unlike last