Snowflake (SNOW) Company Report

Snowflake reported 29% year-over-year revenue growth for the quarter and raised its full-year guidance by $51 million, with product revenue growth expected to re-accelerate in Q4 due to improved migration activity.
The company is accelerating product development with AI-driven solutions like Snowflake Intelligence and Cortex Code (in private preview), aiming to make data "AI-ready" and significantly accelerate data migrations.
CFO Brian Robins emphasized a commitment to responsible growth and improving EBIT margin potential through increased efficiency and accountability, including leveraging AI.
Snowflake is expanding its ecosystem through bilateral partnerships with SaaS vendors (e.g., Salesforce, ServiceNow, SAP) and developing new features like interactive analytics for low-latency queries and secure application development with partners like Vercel.

14 hours ago

Transcript

Snowflake Highlights Product Velocity, AI Integration, and Financial Outlook at UBS Conference

SNOW

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Snowflake reported 29% year-over-year revenue growth and increased its full-year guidance by $51 million, driven by improved customer migration activity.
The company is accelerating product development, including the Gen 2 warehouse for performance improvements and Cortex Code (in private preview) to leverage AI for optimizing Snowflake usage and accelerating migrations.
Snowflake is positioning its platform as AI-ready data infrastructure and is forming bilateral partnerships with major SaaS vendors like Salesforce and SAP to integrate data and expand its ecosystem.
Management, including new finance leadership, is focused on responsible growth and sees room for improvement in EBIT margin through increased efficiency and accountability.

15 hours ago

Transcript

Snowflake Reports Strong Q3 2026 Results and Raises FY 2026 Product Revenue Guidance

SNOW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Snowflake reported strong Q3 fiscal year 2026 results, with product revenue reaching $1.16 billion, a 29% year-over-year increase, and remaining performance obligations (RPO) totaling $7.88 billion, growing 37% year-over-year.
The company achieved a $100 million AI revenue run rate one quarter earlier than anticipated, with 50% of Q3 bookings influenced by AI and 1,200 customers already using Snowflake Intelligence.
Financial discipline was maintained, with Q3 Non-GAAP product gross margins at 75.9% and Non-GAAP operating margin expanding to 11%.
Snowflake raised its FY 2026 product revenue guidance to approximately $4.446 billion, representing 28% year-over-year growth, and reiterated FY 2026 Non-GAAP operating margin of 9% and Non-GAAP adjusted free cash flow margin of 25%.
In Q3, the company repurchased one million shares for $233 million and ended the quarter with $4.4 billion in cash, cash equivalents, short-term, and long-term investments.

1 day ago

Transcript

Snowflake Announces Q3 FY26 Financial Highlights and FY26 Guidance

SNOW

Earnings

Guidance Update

Snowflake reported 29% year-over-year product revenue growth for Q3 FY26, reaching $1,158 million.
Key profitability metrics for Q3 FY26 include a Non-GAAP Product Gross Margin of 76%, a Non-GAAP Operating Margin of 11%, and a Non-GAAP Adjusted Free Cash Flow Margin of 11%.
Customer expansion remained strong with a Net Revenue Retention Rate of 125% and 688 customers generating over $1M in product revenue in Q3 FY26.
Remaining Performance Obligations (RPO) reached $7,881 million in Q3 FY26, indicating significant future revenue commitments.
For fiscal year 2026, Snowflake projects Product Revenue of $4,446 million and a Non-GAAP Operating Margin of 9%.

1 day ago

Presentation

Snowflake Reports Strong Q3 FY26 Results, Raises Full-Year Guidance, and Achieves $100 Million AI Revenue Run Rate

SNOW

Earnings

Guidance Update

Share Buyback

Snowflake reported Q3 FY26 product revenue of $1.16 billion, marking a 29% year-over-year increase, with remaining performance obligations (RPO) totaling $7.88 billion, up 37% year-over-year.
The company achieved a $100 million AI revenue run rate one quarter earlier than anticipated, with AI influencing 50% of bookings signed in Q3 and 1,200 customers already utilizing Snowflake Intelligence.
Snowflake raised its FY26 product revenue guidance to approximately $4.446 billion, representing 28% year-over-year growth, while reiterating its FY26 margin targets including a non-GAAP product gross margin of 75%, non-GAAP operating margin of 9%, and non-GAAP adjusted free cash flow margin of 25%.
In Q3, the company repurchased one million shares for $233 million at a weighted average price of $223.35 per share, with $1.3 billion remaining on its $4.5 billion share repurchase authorization through March 2027.
Brian Robins was introduced as the new Chief Financial Officer.

1 day ago

Transcript

Snowflake Reports Strong Q3 2026 Results, Raises FY26 Revenue Guidance, and Appoints New CFO

SNOW

Earnings

Guidance Update

CFO Change

Snowflake reported Q3 2026 product revenue of $1.16 billion, a 29% year-over-year increase, with remaining performance obligations (RPO) growing 37% year-over-year to $7.88 billion. The company also raised its FY26 product revenue guidance to approximately $4.446 billion, representing 28% year-over-year growth.
The company achieved a $100 million AI revenue run rate one quarter earlier than anticipated, with AI influencing 50% of bookings signed in Q3 2026. Over 7,300 accounts are using AI capabilities weekly, and 1,200 customers are utilizing Snowflake Intelligence.
Snowflake added a record 615 new customers and signed four nine-figure deals in Q3 2026. Additionally, Brian Robbins was appointed as the new Chief Financial Officer.

1 day ago

Transcript

Snowflake Announces Q3 Fiscal 2026 Financial Results

SNOW

Earnings

Guidance Update

Snowflake reported product revenue of $1.16 billion for the third quarter of fiscal 2026, representing 29% year-over-year growth. Total revenue for the quarter was $1.21 billion, also a 29% year-over-year increase.
The company's net revenue retention rate was 125% as of October 31, 2025.
Remaining performance obligations (RPO) reached $7.88 billion, demonstrating 37% year-over-year growth.
For Q3 Fiscal 2026, non-GAAP operating income was $131.3 million, an 11% margin, and adjusted free cash flow was $136.4 million, also an 11% margin.
Snowflake provided guidance for the fourth quarter of fiscal 2026, projecting product revenue between $1,195 million and $1,200 million, which would be a 27% year-over-year growth.

1 day ago

8-K

Snowflake Unveils New Developer Tools for Enterprise AI Development

SNOW

Product Launch

New Projects/Investments

Snowflake has announced a suite of new developer tools aimed at helping organizations rapidly build, test, and deploy cutting-edge, enterprise-ready AI applications faster and more securely within a single, governed platform.
Key AI-native tools include Cortex Code (in private preview), an AI assistant for streamlining data workflows and optimizing queries, and enhancements to Snowflake Cortex AISQL (generally available) with AI Redact (in public preview soon) for secure AI-inference pipelines and sensitive data detection.
The company introduced Workspaces (generally available) for a centralized development environment with direct Git and VS Code integrations (generally available), and dbt Projects on Snowflake (generally available) for managing dbt projects natively.
Snowpark Connect for Apache Spark (generally available) enables running existing Apache Spark code on Snowflake, which has resulted in 5.6x faster performance and 41% cost savings over managed Spark environments for customers.

Nov 4, 2025, 2:05 PM

Press Release

Snowflake and Palantir Announce Strategic AI Platform Integration

SNOW

New Projects/Investments

Product Launch

Snowflake and Palantir have formed a strategic partnership to integrate Snowflake's AI Data Cloud with Palantir's Foundry operating system and Artificial Intelligence Platform.
This collaboration aims to enable enterprises to build AI applications more efficiently and accelerate data analytics, providing seamless two-way interoperability for commercial and public sector clients.
The announcement led to a positive market response, with Snowflake shares rising over 6%.
Snowflake stock has jumped 53% in 2025, reflecting strong investor confidence.

Oct 16, 2025, 12:13 PM

Morningstar

Snowflake Forms Strategic Partnership with Cognite for Industrial AI Data Unification

SNOW

New Projects/Investments

Product Launch

Snowflake has announced a strategic partnership with Cognite, a global leader in Industrial AI, to unify industrial data for enterprise-wide AI at scale.
This collaboration will establish a unified, single source of truth for industrial intelligence through a bidirectional, zero-copy data sharing integration between Cognite's Industrial AI and Data Platform and the Snowflake AI Data Cloud.
The partnership aims to drive operational efficiency and measurable business value by providing Snowflake end-users with real-time access to unified, domain-specific industrial data for AI solutions and agentic workflows.
Key benefits include enabling reliable Agentic AI, reducing operational costs by eliminating data duplication, and leveraging an open ecosystem for seamless data exchange.

Oct 14, 2025, 1:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Snowflake.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Sridhar Ramaswamy say about margins?What are Snowflake's strategic priorities?How is Snowflake positioned vs competitors?How did Snowflake do last quarter?

Let Fintool AI Agent track Snowflake's earnings for you

Get instant analysis when filings drop