Snowflake (SNOW) Company Report

Snowflake Inc. (SNOW) is facing a class action lawsuit for alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
The lawsuit claims the company made false and misleading statements to the market regarding its pricing changes and customer efficiency gains, which threatened its consumption levels and revenues, during the class period of June 27, 2023, to February 28, 2024.
Shareholders who purchased SNOW shares during this period are encouraged to contact the DJS Law Group, with a deadline of April 27, 2026, for lead plaintiff appointments.

11 hours ago

Press Release

Snowflake Reports Strong Q4 2026 Results and Provides FY 2027 Guidance

SNOW

Earnings

Guidance Update

M&A

Snowflake reported Q4 2026 product revenue growth of 30% year-over-year to $1.23 billion and FY 2026 product revenue growth of 30%. Remaining performance obligations (RPO) accelerated to 42% year-over-year growth, totaling $9.77 billion, and net revenue retention remained at 125%.
For fiscal year 2026, the company achieved a non-GAAP operating margin of 10.5% and a non-GAAP adjusted free cash flow margin of 25.5%. Stock-based compensation declined from 41% of revenue in FY 2025 to 34% in FY 2026, with an expectation to further decrease to 27% in FY 2027.
Snowflake added 740 net new customers in Q4 and signed its largest deal in history, greater than $400 million in total contract value, along with 7 nine-figure contracts. The company now has 733 customers spending over $1 million on a trailing-twelve-month basis, growing 27% year-over-year.
For FY 2027, product revenue is expected to be approximately $5.66 billion, representing 27% year-over-year growth, with the Observe acquisition (for approximately $600 million) contributing about one percentage point. The FY 2027 free cash flow margin is guided at 23%, including a 150 basis point headwind from the acquisition.

2 days ago

Transcript

Snowflake Reports Strong Q4 2026 Results and Provides FY2027 Guidance

SNOW

Earnings

Guidance Update

M&A

Snowflake reported Q4 2026 product revenue of $1.23 billion, a 30% year-over-year increase, with remaining performance obligations (RPO) accelerating to 42% year-over-year growth, totaling $9.77 billion.
The company added 740 net new customers in Q4 2026, representing a 40% year-over-year increase, and signed its largest deal in history, exceeding $400 million in total contract value.
Snowflake's AI products are seeing rapid adoption, with Snowflake Intelligence used by over 2,500 accounts and Cortex Code by over 4,400 customers. The company also acquired Observe for approximately $600 million to expand into the IT operations market.
For FY 2027, Snowflake expects product revenue of approximately $5.66 billion, a 27% year-over-year growth, and projects a non-GAAP operating margin of 12.5%. In Q4 2026, the company repurchased approximately 668,000 shares for $150 million.

2 days ago

Transcript

Snowflake Reports Q4 FY26 Results and Provides FY27 Guidance

SNOW

Earnings

Guidance Update

Snowflake reported Q4 FY26 Product Revenue Growth of 30% year-over-year and a Net Revenue Retention Rate of 125%. The Non-GAAP Product Gross Margin for the quarter was 75%.
The company demonstrated strong customer momentum in Q4 FY26, reaching 13,328 total customers, including 790 Forbes Global 2000 customers, and 733 customers with over $1 million in product revenue.
Remaining Performance Obligations (RPO) expected to be recognized as revenue in the next twelve months stood at $9,772 million as of Q4 FY26.
For Fiscal Year 2027, Snowflake provided guidance including Product Revenue of $5,660 million (representing 27% year-over-year growth), a Non-GAAP Product Gross Margin of 75.0%, a Non-GAAP Operating Margin of 12.5%, and a Non-GAAP Adjusted Free Cash Flow Margin of 23.0%.

2 days ago

Presentation

Snowflake Reports Strong Q4 FY 2026 Results and Provides FY 2027 Guidance

SNOW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Snowflake reported strong Q4 FY 2026 results, with product revenue growing 30% year-over-year to $1.23 billion and remaining performance obligations (RPO) increasing 42% year-over-year to $9.77 billion.
For fiscal year 2027, the company forecasts product revenue of approximately $5.66 billion, representing 27% year-over-year growth, which includes about one percentage point contribution from the recent Observe acquisition.
The company demonstrated improved operational efficiency, with non-GAAP operating margin reaching 10.5% for FY 2026 and non-GAAP adjusted free cash flow margin at 25.5%.
Snowflake continues to expand its customer base and AI offerings, adding 740 net new customers in Q4 and seeing significant adoption of AI products like Snowflake Intelligence and Cortex Code.

2 days ago

Transcript

Snowflake Reports Q4 and Full-Year Fiscal 2026 Financial Results

SNOW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Snowflake reported Q4 Fiscal 2026 revenue of $1.28 billion, representing 30% year-over-year growth, with product revenue reaching $1.23 billion, also up 30% year-over-year.
The company demonstrated strong customer acquisition, adding 740 net new customers (a 40% year-over-year increase) and growing its base of customers with over $1 million in trailing 12-month product revenue to 733 (a 27% year-over-year increase).
Remaining performance obligations (RPO) totaled $9.77 billion as of January 31, 2026, marking a 42% year-over-year growth.
For the Full-Year Fiscal 2026, product revenue was $4,472.3 million, an increase of 29% year-over-year.
Snowflake provided Q1 Fiscal 2027 product revenue guidance of $1,262 million to $1,267 million and Full-Year Fiscal 2027 product revenue guidance of $5,660 million, both indicating 27% year-over-year growth.

2 days ago

8-K

Snowflake Reports Strong Financial Results for Q4 and Full-Year Fiscal 2026, Provides FY27 Guidance

SNOW

Earnings

Guidance Update

Snowflake reported product revenue of $1.23 billion for the fourth quarter of fiscal 2026, representing 30% year-over-year growth.
For the full fiscal year 2026, product revenue reached $4,472.3 million, an increase of 29% year-over-year.
The company added 740 net new customers, a 40% year-over-year growth, and now has 733 customers with trailing 12-month product revenue greater than $1 million.
Remaining performance obligations grew 42% year-over-year to $9.77 billion as of January 31, 2026.
For the full fiscal year 2027, Snowflake expects product revenue of $5,660 million, indicating 27% year-over-year growth.

2 days ago

Press Release

Snowflake Expands Cortex Code CLI to Support dbt and Apache Airflow

SNOW

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Snowflake has expanded its Cortex Code CLI, an AI coding agent, to support dbt and Apache Airflow, enabling it to operate across multiple data systems beyond Snowflake-native workflows.
To facilitate wider adoption, Snowflake introduced a self-service monthly subscription for Cortex Code CLI, allowing teams not running workloads on Snowflake to trial the tool.
The product has attracted over 4,400 users since launch, and this expansion is positioned to accelerate data engineering workflows and wider adoption of Snowflake's AI tooling.
Despite a ~39% revenue growth over three years, Snowflake currently reports negative margins, with a net margin of -30.76% and an operating margin of -34.28%.

4 days ago

Morningstar

Snowflake Unveils AI and ML Innovations

SNOW

Product Launch

New Projects/Investments

Snowflake announced new AI innovations, including the general availability of Semantic View Autopilot, an AI-powered service designed to automate semantic view creation and governance, aiming to deliver consistent and trustworthy AI outcomes.
The company also introduced new capabilities such as Snowflake Notebooks (now generally available) for ML development, Cortex Code (generally available soon) for automating ML pipelines, and Cortex Agent Evaluations (generally available soon) to ensure traceable and auditable AI agent behavior.
These innovations are intended to accelerate time-to-insight, reduce manual effort, and provide expanded cost governance through Cortex AI Functions (now generally available).

Feb 3, 2026, 8:10 AM

Press Release

Snowflake Unveils Cortex Code AI Agent

SNOW

Product Launch

New Projects/Investments

Snowflake has unveiled Cortex Code, a new Snowflake-native AI coding agent designed to automate and accelerate end-to-end enterprise development by understanding enterprise data context.
Cortex Code enables customers, including Braze, Decile, dentsu, FYUL, LendingTree, Shelter Mutual Insurance, TextNow, United Rentals, and WHOOP, to perform complex data engineering, analytics, machine learning, and agent-building tasks using natural language.
The agent aims to increase productivity for data teams, allowing them to build data pipelines, analytics, and AI apps faster with enterprise-grade security and governance.
Cortex Code CLI is now generally available for local development workflows, and Cortex Code in Snowsight will be generally available soon.
Snowflake also announced new capabilities, including an integration with v0 by Vercel (generally available soon) for AI app creation and agentic web search by Brave Search (in public preview) for real-time web knowledge within Snowflake.

Feb 3, 2026, 8:05 AM

Press Release

Fintool News

In-depth analysis and coverage of Snowflake.

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Corporate

Snowflake and OpenAI Strike $200 Million Partnership to Bring AI Directly to Enterprise Data

Feb 2

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Earnings Transcripts

Quarterly earnings call transcripts for Snowflake.

Q4 2026

Feb 25, 2026

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Q3 2026

Dec 3, 2025

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Q2 2026

Aug 27, 2025

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View All Transcripts

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Snowflake (SNOW)

Analyst Earnings Quarterly Reports

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Executives

Sridhar Ramaswamy

Benoit Dageville

Brian Robins

Christian Kleinerman

Michael Gannon

Vivek Raghunathan

Board Members

Frank Slootman

Jayshree Ullal

Jeremy Burton

Kelly Kramer

Mark Garrett

Mark McLaughlin

Michael Speiser

Teresa Briggs

William Scannell

Analyst Coverage

Brent Thill

Mark Murphy

Raimo Lenschow

Sanjit Singh

Brad Zelnick

Alex Zukin

Tyler Radke

Aleksandr Zukin

Brad Reback

Matt Hedberg

Patrick Colville

S. Kirk Materne

Joel Fishbein

Karl Keirstead

Kash Rangan

Michael Turrin

Mike Cikos

Bradley Sills

Brent Bracelin

Chirag Ved

Kasthuri Rangan

Keith Weiss

Kirk Materne

Koji Ikeda

Matthew Martino

Ryan MacWilliams

Sheldon McMeans

Arti

Bo Yin

Dan

Gregg Moskowitz

Joe Vandrick

John DiFucci

Matthew Calitri

Matthew Hedberg

Michael Cikos

Michael Richards

Patrick Walravens

Latest news

Fintool News

Databricks Closes $7B+ Financing at $134B Valuation, Eyes IPO

Snowflake and OpenAI Strike $200 Million Partnership to Bring AI Directly to Enterprise Data

Earnings Transcripts

Q4 2026

Q3 2026

Q2 2026

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