Bradley Sills's questions to Snowflake (SNOW) leadership • Q2 2026
Question
Bradley Sills of Bank of America Merrill Lynch noted the 20% sequential ramp in professional services revenue and asked about the underlying drivers and whether it serves as a leading indicator for future business.
Answer
CFO Mike Scarpelli clarified that the quarterly increase was not indicative of a broader trend. The spike was due to hitting specific milestones and recognizing deferred revenue for a single large customer. He reiterated that Snowflake's strategy is for partners and GSIs to handle the vast majority of services, with Snowflake's team acting as expert services, and that underlying growth was normal.