Snowflake (SNOW) Company Report

Snowflake reported strong Q4 FY26 results, with product revenue growth improving to 30% and RPO accelerating to $9 billion, up 42% year-over-year. The company also signed its largest deal ever (over $400 million) and seven other nine-figure deals.
The company is evolving into a platform for AI-native applications and workflows, driven by products like Snowflake Intelligence and Cortex Code, which aims to deliver 10x improvements in deployment and operates on a consumption-based model.
Snowflake is committed to achieving GAAP profitability, primarily through reducing stock-based compensation (SBC), which was 34% of revenue in FY26 and is targeted at 27% for FY27.
For FY27, the company guided to an adjusted free cash flow margin of 23% and maintained its product gross margin guidance at 75%. In Q4 FY26, revenue growth was decoupled from headcount, with a reduction in force of about 200 people.

1 day ago

Transcript

Snowflake Reports Strong Q4 FY26 Performance and Outlines AI Strategy

SNOW

Revenue Acceleration/Inflection

Guidance Update

New Projects/Investments

Snowflake's core business demonstrated strength in Q4 FY26, with product revenue growth improving to 30% and RPO accelerating 42% year-over-year to $9 billion. The company also secured its largest deal ever (over $400 million) and seven nine-figure deals in the quarter.
The company is strategically evolving to a platform for building AI-native applications and workflows, leveraging products like Snowflake Intelligence and Cortex Code to drive adoption and efficiency. Cortex Code, initially an internal tool, has shown 10x improvements in deployment speed and aims to make Snowflake easier and faster to use, with all AI products being consumption-based.
Snowflake guided for a 23% free cash flow margin in FY27, a decrease from 25.5% in FY26, primarily due to a 150 basis points headwind from the Observe acquisition.
The company is focused on achieving GAAP profitability by reducing Stock-Based Compensation (SBC), targeting 27% of revenue in FY27, down from 34% in FY26 and 41% two years prior. Despite revenue acceleration in Q4 FY26, headcount was reduced by 200 people, with a net addition of only 37 people for the entire quarter, indicating efficiency gains from AI tools.
Snowflake maintains a 75% product gross margin guidance for both FY26 and FY27, aiming to offset initial lower margins from new AI products with efficiencies in the core business. The company has $1.1 billion remaining on its share buyback authorization.

1 day ago

Transcript

Snowflake Discusses Q4 FY26 Performance, AI Strategy, and Financial Outlook

SNOW

Revenue Acceleration/Inflection

Guidance Update

New Projects/Investments

Snowflake reported strong Q4 FY26 results, with product revenue growth re-accelerating to 30% and Remaining Performance Obligations (RPO) growing 42% year-over-year to $9 billion, including seven nine-figure deals and one deal over $400 million.
The company is focused on achieving GAAP profitability by significantly reducing stock-based compensation (SBC) from 41% of revenue two years ago to a target of 27% for FY27.
For FY27, Snowflake guided a free cash flow margin of 23%, a decrease from 25.5% in FY26, primarily due to a 150 basis points headwind from the Observe acquisition.
Snowflake's AI strategy, featuring products like Snowflake Intelligence and the consumption-based Cortex Code, is driving platform adoption and efficiency, leading to a decoupling of revenue growth from headcount growth, with a net addition of only 37 people in Q4 FY26 despite re-accelerated revenue.

1 day ago

Transcript

Snowflake Inc. Faces Securities Lawsuit

SNOW

Legal Proceedings

Demand Weakening

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.

6 days 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.

7 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.

7 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%.

7 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.

7 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.

7 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.

7 days ago

Press Release

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Snowflake (SNOW)

Analyst Earnings Quarterly Reports

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Executives

Sridhar Ramaswamy

Benoit Dageville

Brian Robins

Christian Kleinerman

Michael Gannon

Vivek Raghunathan

Board Members

Frank Slootman

Jayshree Ullal

Jeremy Burton

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Mark Garrett

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Joel Fishbein

Karl Keirstead

Kash Rangan

Michael Turrin

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Bradley Sills

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Chirag Ved

Kasthuri Rangan

Keith Weiss

Kirk Materne

Koji Ikeda

Matthew Martino

Ryan MacWilliams

Sheldon McMeans

Arti

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Dan

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Joe Vandrick

John DiFucci

Matthew Calitri

Matthew Hedberg

Michael Cikos

Michael Richards

Patrick Walravens

Latest news

Fintool News

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Earnings Transcripts

Q4 2026

Q3 2026

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