Snowflake (SNOW) Company Report

Snowflake announced its intent to acquire Observe, a leader in AI-powered observability, to expand its capabilities in the $51.7 billion IT operations management software market.
The acquisition will integrate Observe's platform directly into Snowflake's AI Data Cloud, enabling enterprises to ingest and retain 100% of their telemetry data at lower cost.
This integration is expected to facilitate a shift from reactive monitoring to proactive, automated troubleshooting, potentially resolving production issues up to 10 times faster.
The combined solution will leverage an open-standard architecture based on Apache Iceberg and OpenTelemetry, designed for scalable AI agents and applications.

6 days ago

Press Release

Snowflake Expands Google Cloud Collaboration with Gemini 3 Integration

SNOW

Product Launch

New Projects/Investments

Snowflake has expanded its collaboration with Google Cloud, integrating Google's Gemini 3 large language models (LLMs) natively into Snowflake Cortex AI.
This integration allows customers to develop, deploy, and scale generative AI applications, including intelligent Data Agents, directly within Snowflake's secure environment without moving data.
The partnership also deepens go-to-market alignment, featuring joint customer engagements, new co-sell opportunities, and transaction capabilities through the Google Cloud Marketplace.
Snowflake is launching on Google Cloud in Saudi Arabia and will launch in Melbourne, Australia in early 2026 to support growing customer demand.

Jan 6, 2026, 2:00 PM

Press Release

Snowflake Ventures Invests in Ataccama

SNOW

New Projects/Investments

Snowflake Ventures announced a strategic investment in Ataccama, an agentic data trust company, to deepen their existing partnership.
The investment aims to deliver trusted, explainable data for enterprise AI, advanced analytics, and regulatory compliance across the Snowflake AI Data Cloud.
Customers are expected to benefit from deeper integration with Snowflake-native data quality features and enhanced trust signals in Snowflake Cortex AI workflows.
Ataccama has demonstrated strong growth, achieving a 30% CAGR over the past three years, with Fortune 500 organizations spending an average of more than $500,000 annually on its platform.

Dec 9, 2025, 2:01 PM

Press Release

Snowflake Reports Quarterly Earnings and Guidance Update

SNOW

Earnings

Guidance Update

Revenue Acceleration/Inflection

Snowflake's stock price declined over 10% following its latest quarterly earnings report, as forward guidance fell short of Wall Street's expectations despite beating revenue and earnings.
The company reported revenue growth of approximately 29% year-over-year to $1.21 billion and achieved a $100 million AI revenue run-rate a quarter earlier than anticipated.
Snowflake maintains solid liquidity with an Altman Z-Score of 8.04 and a growing customer base, including 688 customers contributing at least $1 million in product-driven revenue.
Despite the stock price decline, at least eight analysts have raised their price targets, reflecting confidence in the company's long-term growth potential.

Dec 4, 2025, 6:31 PM

WSJ

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.

Dec 4, 2025, 3:15 PM

Transcript

Snowflake Discusses AI Strategy and Q4 Revenue Re-acceleration at UBS Conference

SNOW

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

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.

Dec 4, 2025, 3:15 PM

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.

Dec 3, 2025, 10:00 PM

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%.

Dec 3, 2025, 10:00 PM

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.

Dec 3, 2025, 10:00 PM

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.

Dec 3, 2025, 10:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Snowflake.

Q3 2026

Dec 3, 2025

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Q2 2026

Aug 27, 2025

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Q1 2026

May 21, 2025

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View All Transcripts

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Snowflake (SNOW)

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