Top Cloud Infrastructure Companies by Revenue 2026

GitHub Copilot 20M users; Copilot deployed in 90% of Fortune 100; Azure AI infrastructure serving OpenAI exclusively + 65,000+ enterprise customers. Copilot Studio for enterprise AI agents; $13B invested in OpenAI total.

Microsoft 365 cloud endpoint management for MDM, MAM, and zero trust conditional access across iOS, Android, Windows, and macOS; integrated with Azure AD and Defender for enterprise device security.

Alphabet (GOOGL) reported $350.0B revenue in FY2024, up 14% YoY. Google Cloud $43.2B (+29%). Market cap ~$2.1T. 183,000+ employees. Headquartered in Mountain View, CA. Founded 1998.

Azure grew 33% YoY in Q2 FY2025, with AI services contributing 13 points of growth — the fastest-growing major cloud platform driven by OpenAI partnership.

Alphabet (GOOGL) cloud platform with $43.2B revenue and #3 global market share; BigQuery data analytics, Vertex AI/Gemini, and GKE competing with AWS and Azure for enterprise cloud and AI workloads.

Global data center REIT with 300+ facilities in 25+ countries; AI infrastructure surge driving record hyperscaler demand; power availability is key competitive moat; $5.5B FY2024 revenue.

Oracle (NYSE: ORCL) cloud infrastructure and enterprise SaaS at $20.4B cloud revenue with 50%+ OCI growth; Autonomous Database and AI GPU clusters competing with AWS and Azure for enterprise cloud workloads.

Vertiv Holdings (VRT) reported $7.9B revenue in FY2024, up 20% YoY. #1 data center power and cooling infrastructure provider. Key AI infrastructure play. HQ: Columbus, OH. Market cap ~$35B.

Super Micro Computer (SMCI) reported $14.9B revenue in FY2024 (ended Jun), up 110% YoY. AI server revenue surging. Market cap ~$30B. 7,200+ employees. San Jose, CA. Liquid-cooled GPU server racks for AI training.

Atlassian ITSM platform (NASDAQ: TEAM, $5.46B TTM revenue, +19.51%) serving 83% Fortune 500; Rovo AI teammate and Jira unification at Team '24 competing with ServiceNow for DevOps-aligned IT service management.

NYSE: IBM | $62.8B revenue FY2024; watsonx AI platform surpassed $2B in deal signings; hybrid cloud via Red Hat OpenShift; quantum computing leader; focused on regulated enterprise verticals

CoreWeave is a GPU cloud provider valued at ~$35B (2025). Revenue estimated $2B+ in 2024. 1,500+ employees. Roseland, NJ. 95% AI revenue. Backed by NVIDIA. IPO filed March 2025.

Houston enterprise ITSM and AIOps platform at ~$800M ARR from BMC Software split (Oct 2024); KKR-owned serving 92% Forbes Global 100 with AI incident correlation and ITOM competing with ServiceNow for enterprise IT service management.

Third-largest global cloud provider with $14B revenue; dominant in China with Qwen LLMs competing internationally in Southeast Asia amid US chip export controls and regulatory pressure.

Coherent Corp (COHR) reported $5.2B revenue in FY2024, up 3% YoY. Leader in optical components and fiber optics for AI data centers and telecom. HQ: Saxonburg, PA. Market cap ~$15B.

2024 revenue $781M (up 13% YoY); Q3 2025 revenue $230M (up 16% YoY); trailing 12-month revenue (Sept 2025) $864M; net income 2024 $84M (335% growth) at 11% margin; Q1 2025 $38M (170% growth) at 18% margin

Cloud RMM platform with $1.9B valuation serving 20K+ MSP and enterprise customers; modern UI and fast performance driving rapid growth with backup, ticketing, and MDM expansion.

Credo Technology (CRDO) reported $267M revenue in FY2025, up 125% YoY. Fast-growing high-speed interconnect chips for AI data centers. HiWire AEC technology. HQ: San Jose, CA.

Applied Optoelectronics (AAOI) reported $280M revenue in FY2024, up 130% YoY. Maker of high-speed optical transceivers for AI data centers. Explosive growth from AI hyperscaler demand. HQ: Sugar Land, TX.

2024: Revenue $200M (up from $105.3M); 100,000+ organizations (5,000 customers); customers include Cars.com, GoFundMe, Grab, ClassPass, Uplight, Beyond Finance, Foursquare

Tencent (OTC: TCEHY) cloud arm; #3 in China with 15% market share; 2% global share; $80B+ Tencent parent revenue; built on WeChat/QQ/gaming infra; $4.8B capex in Q4 2024

$1B revenue 2023; 40,000 customers; $4.35B total funding; owned by Clearlake Capital 2017; acquired Cherwell 2021; IT security, ITSM, ITAM, UEM solutions; unified IT & security operations leader

European cloud provider with €900M revenue operating 43 data centers; bare metal server leadership and EU data sovereignty alternative to AWS and Azure with self-built infrastructure.

Lumentum (LITE) reported $1.5B revenue in FY2024, up 1% YoY. Leader in optical components and laser chips for data centers, 3D sensing, and telecom. HQ: San Jose, CA. Market cap ~$3B.

Cloud-native endpoint patching platform automating OS and third-party software updates across Windows/macOS/Linux; no on-prem infrastructure required for distributed workforce management.

Developer-focused cloud VPS platform acquired by Akamai for $900M in 2022; affordable Linux server hosting in 11 global regions competing with DigitalOcean as simpler AWS alternative.

Data observability platform with $1.6B valuation; ML-powered anomaly detection across data pipelines with lineage tracking to identify root cause of data quality incidents.

NYSE-listed (DT) enterprise observability platform with automatic full-stack discovery and Davis AI root cause; $1.57B revenue competing with Datadog and New Relic for cloud-native application performance monitoring.

CNCF-graduated open-source monitoring toolkit standard for Kubernetes and cloud-native infrastructure; PromQL, pull-based scraping, and Alertmanager with managed offerings from Grafana Labs and cloud providers.

Developer-focused cloud infrastructure with 32+ global data centers at 30-60% lower cost than AWS; privately owned with GPU cloud offering competing with DigitalOcean and Hetzner for AI and web workloads.

Enterprise IT management suite from Zoho; 60+ products covering ITSM, endpoint, SIEM, and network monitoring at lower cost than ServiceNow, CrowdStrike, and Splunk.

Tel Aviv all-in-one MSP RMM platform with per-technician pricing serving 12,000+ providers; $77M General Atlantic-backed competing with NinjaRMM and ConnectWise for managed IT service provider tooling.

NYSE-listed (ESTC) Elasticsearch creator at $1.42B revenue with search, observability, and SIEM; 21,000+ customers competing with Splunk and Datadog while powering AI RAG vector search infrastructure.

Observability platform for distributed systems; raised $147M total ($50M Series D 2023); 160% net revenue retention; founded by Charity Majors; columnar storage enables sub-second queries

Salesforce (NYSE: CRM) Platform PaaS on $34.86B FY2025 revenue with Apex, Flow Builder, and 7,000+ AppExchange apps; Agentforce AI agent platform competing with Microsoft Power Platform for enterprise application development and automation.

Open-source observability leader with $6B valuation; Grafana dashboards plus Loki/Tempo/Mimir stack serving millions of installations as Datadog alternative with community-driven adoption.

Raised $115M Series E at $1B+ valuation; separates data ingestion from indexing to cut observability costs 70%+; acquired Aporia; launched AI agent Olly; 2,500+ enterprise customers

$1.174B funding; $9B valuation 2020; $700M revenue 2024; 2,500 customers; 2,100 employees; Forbes Cloud 100 #17 2025; 10 consecutive years; endpoint security leader

NYC cloud-native observability platform at $1.6B valuation by Uber M3 founders; $340M+ General Atlantic/Greylock-backed Gartner Leader 2024 controlling observability costs for microservices competing with Datadog and Grafana.

Freshworks (FRSH) ITSM platform with ITIL-compliant incident management, CMDB, and AI-powered service desk; modern UX alternative to ServiceNow for mid-market IT teams competing with Jira Service Management.

Cloud observability platform on OpenSearch/Prometheus/Jaeger open-source stack; AI anomaly detection for logs and metrics as Datadog alternative with open-standard no-lock-in positioning.

NASDAQ: AVGO | Broadcom acquired VMware for $61B in Nov 2023; VMware Cloud Foundation drives $21.5B software revenue; 87% of top 10K customers signed for VCF private cloud

Equinix-owned (EQIX) bare metal cloud with API-provisioned dedicated servers inside 250+ global data centers; interconnection-native competing with AWS and Hetzner for high-performance, latency-sensitive workloads.

Open-source APM with unified metrics, traces, and logs on OpenTelemetry and ClickHouse; YC-backed $6.5M with 19,000+ GitHub stars competing with Datadog and Grafana for self-hosted observability.

Developer observability platform combining log management, uptime monitoring, and incident management; modern Datadog alternative for startup engineering teams competing with New Relic.

SF YC W24 interpretable foundation models with auditable AI reasoning; $9.3M seed Nov 2024 (Initialized Capital/Tectonic/Pioneer/YC/E14) competing with Fiddler AI for enterprise explainable AI required by EU AI Act and regulated industry deployments.

Meter provides enterprise internet infrastructure as a fully managed hardware + software + service bundle; reached a $1B valuation after a $170M Series C in June 2025 led by General Catalyst; acquired WiredScore in February 2026; total funding $315M.