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

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.

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.

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.

Vancouver YC W23 software architecture design platform at $440K revenue Sep 2025 with 4 employees; $500K YC convertible note 2023 competing with Miro and Lucidchart for engineering team structured C4 model architecture documentation and collaborat...

SF YC S23 multimodal LLM web scraping agents extracting structured data from thousands of sites; $4M total (Paul Graham/Nat Friedman/General Catalyst seed 2024) by AgentGPT team competing with Apify and Bright Data for AI-powered enterprise web da...