DDN Targets $1 Billion Revenue in 2026 as AI Supercomputer Demand Doubles Sales
Updated
Updated · Forbes · Aug 6
DDN Targets $1 Billion Revenue in 2026 as AI Supercomputer Demand Doubles Sales
2 articles · Updated · Forbes · Aug 6
Summary
DDN is on track to reach $1 billion in 2026 revenue, up from about $500 million in 2025 and $400 million in 2024, as AI supercomputer builders buy more high-speed storage software.
Nvidia helped unlock that surge after its own supercomputer storage failed under AI workloads; DDN’s systems became a long-term fix, and the company now also counts xAI and national governments as customers.
The pitch is efficiency: DDN says Nvidia servers costing roughly $500,000 can sit idle about two-thirds of the time without fast data flow, while its software lifts utilization and carries gross margins above 90%.
Blackstone bought a $300 million stake in January 2025 at a $5 billion valuation, giving DDN capital and access to a vast data-center client network as it battles rivals including Vast Data, Dell and NetApp.
The boom is spreading across AI infrastructure: SanDisk shares have jumped 3,100% in 12 months, Micron’s quarterly revenue hit $41.5 billion, and DDN is now exploring a 1.3-gigawatt Texas data center that could cost more than $60 billion.