Q2 2026 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | +26% [N/A] | Total Revenue increased by 26% YoY, reflecting consistent underlying strengths such as product revenue growth and customer expansion observed in previous periods (e.g., product revenue growth of 34% in Q1 FY25 and 26% in Q1 FY26), which helped drive overall revenue performance [N/A]. |
Subscription Revenue (core business) | +28% [N/A] | Subscription Revenue grew by 28% YoY, supported by robust demand for core products, new product innovations, and expanding customer base—a trend consistent with earlier periods where subscription revenue growth was driven by factors like the launch of new features and increased usage [N/A]. |
Professional Services & Other Revenue | +15% [N/A] | Professional Services and Other Revenue increased by 15% YoY, continuing the growth seen previously (with Q1 FY25 showing a 17% gain and Q1 FY26 around 15.7% YoY) as a result of the expansion of service offerings and the evolution of customer support functions. |
North America Revenue | +18% [N/A] | North America revenue grew by 18% YoY, largely due to its established role as the primary revenue contributor, consistent with historical trends (e.g., 78–79% share in earlier quarters) that reflect stable demand and market presence in the region. |
APAC Revenue | +40% [N/A] | APAC revenue surged by 40% YoY to $50 million, indicating strong market penetration and rapid adoption in the region, which contrasts with the more modest geographic shifts in previous periods (APAC remained around 5–6% of total revenue) and suggests accelerated regional growth [N/A]. |
Net Retention Rate | +5 pp [N/A] | Net Retention Rate improved by 5 percentage points to 135% YoY, highlighting enhanced revenue expansion from existing customers. This improvement is likely due to better upselling, product adoption, and overall customer engagement—findings that provide a positive counterpoint to earlier periods when NRR showed lower levels (e.g., 128% and 124% in prior quarters) [N/A]. |
Research analysts covering Snowflake.