Tomasz Tunguz · 2026-03-01
· 95d
Databricks Overtakes Snowflake: How AI Shifted the Data Infrastructure Market
Databricks has surpassed Snowflake in revenue by $120 million quarterly as AI adoption shifted enterprise focus from structured to unstructured data. The architectural transition favored Databricks' lake-based approach over Snowflake's data warehouse model, with Databricks achieving accelerating growth rates of 50-65% YoY. By FY27, Databricks projects $8.9B in revenue versus Snowflake's $5.7B guidance.
Metrics in this report
Databricks SQL Revenue Growth
100 to 1000$ millions
under 3 years
direct Snowflake competitor product
Databricks YoY Growth Rate
50-65%
range, accelerating
at $5B+ revenue scale
FY27 Revenue Projection Gap
8.9 vs 5.7$ billions
projected
Databricks vs Snowflake guidance
Lakebase Relative Growth
2xmultiplier
vs data warehousing growth
6 months post-launch
Revenue Lead Swing
220 to -120$ millions quarterly
two-year delta
Databricks vs Snowflake
Snowflake IPO Valuation
70$ billions
historical
public market entry
Snowflake Partnership Investment
200$ millions
announced
OpenAI and Anthropic combined