US · Technology · Software - Application
EPS came in at -0.44 against a street estimate of -0.51 — a beat of 13.7%.
Analysts rate Snowflake Inc. a strong buy (44 buy, 6 hold, 1 sell out of 51) with an average price target of $418.29.
CONFIDENT Snowflake accelerated product revenue growth to 37% YoY in Q2 FY27, driven by AI adoption (CoCo at 9,100 accounts, CoWork at 5,800). Raised full-year guidance to $6.07B (+36% YoY). Operating margin expanded 400bps YoY to 15%. Net new customers up 32% YoY; 65 customers now exceed $10M ARR. Q2 FY27 Call did not segment results by geography. Analysts pressed on quality of acceleration (differentiation from pandemic-era unprofitable cloud investments), AI product contribution split vs. core, and model neutrality as competitive moat. Management emphasized broad customer base adoption with cost discipline built into products, demonstrated internal ROI wins, and structural advantage in model choice flexibility. 2026-09-02…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 7.93% |
| Vanguard Capital Management, LLC | 4.19% |
| Vanguard Portfolio Management, LLC | 3.64% |
| JPMorgan Chase & Co | 3.17% |
| FMR Inc | 3.05% |
| State Street Corp | 2.17% |
| Morgan Stanley - Brokerage Accounts | 2.04% |
| Jennison Associates LLC | 1.80% |
| Document | Date |
|---|---|
| Quarterly report · Q2 FY2027 SNOWFLAKE INC. - Q2 2026 FORM 10-Q SUMMARY HEADLINE NUMBERS • Revenue Q2 2026: $1,546,793 thousand ($1.55 billion), up 35% from Q2 2025 ($1,144,969 | 2026-09-04 |
| Results announced · Q3 FY2027 SNOWFLAKE Q2 FY2027 EARNINGS SUMMARY HEADLINE NUMBERS • Product Revenue: $1,491.9 million in Q2, up 37% year-over-year • Total Revenue: $1,550 milli | 2026-09-02 |
| Board / officer change · Q2 FY2027 SNOWFLAKE INC. (SNOW) - FORM 8-K SUMMARY HEADLINE NUMBERS • CEO Sridhar Ramaswamy granted performance-based restricted stock unit (PSU) award of 1,0 | 2026-07-16 |
| Shareholder vote results · Q2 FY2027 SNOWFLAKE INC. - 8-K FILING SUMMARY (June 29, 2026) HEADLINE NUMBERS • Outstanding shares as of May 5, 2026: 346,602,915 common shares • Annual Meet | 2026-06-30 |
| Quarterly report · Q1 FY2027 SNOWFLAKE INC. - Q1 FY2027 (QUARTER ENDED APRIL 30, 2026) - RETAIL INVESTOR SUMMARY HEADLINE NUMBERS • Revenue: $1,390,951 thousand ($1.39 billion) | 2026-05-29 |
| Results announced · Q2 FY2027 SNOWFLAKE Q1 FY2027 EARNINGS SUMMARY HEADLINE NUMBERS • Product Revenue: $1.33 billion in Q1, up 34% year-over-year; strongest sequential dollar gro | 2026-05-27 |
| Proxy statement · Q2 FY2027 SNOWFLAKE INC. PROXY STATEMENT SUMMARY CEO COMPENSATION & CHANGE • Sridhar Ramaswamy (CEO since February 2024) total compensation FY2026: Not separat | 2026-05-18 |
| Annual report FY2026 SNOWFLAKE INC. – FORM 10-K SUMMARY (FISCAL YEAR ENDED JANUARY 31, 2026) HEADLINE NUMBERS • Revenue: $4.7 billion for fiscal 2026, up 29% year-over-y | 2026-03-20 |
Readable in the app.
| Announcement | Date |
|---|---|
| Reaffirmed Q1 and full-year fiscal 2027 guidance; CRO transition announced Snowflake announced a Chief Revenue Officer (CRO) transition effective March 31, 2026. Michael Gannon is departing for personal reasons and will be succeeded by Jonathan Beaulier, age 49, wh | 2026-03-31 |
| Acquisition of Observe, Inc. completed; director resignation due to conflict Snowflake Inc. announced that board member Jeremy Burton resigned effective January 30, 2026, in connection with the company's acquisition of Observe, Inc., which closed on February 2, 2026. | 2026-02-02 |
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Google PlayApp StoreData updated 2026-09-18.