Earnings ·
Snowflake raises full-year product revenue growth guidance to 36% as Q2 revenue climbs 35% to $1.55 billion
SNOWSnowflake Inc.
Snowflake Inc. reported financial results for its second quarter of fiscal 2027 ended July 31, 2026. Total revenue reached $1.55 billion, a 35% year-over-year increase, while product revenue grew 37% to $1.49 billion. The company achieved a net revenue retention rate of 126% and added 692 net new customers. Snowflake raised its full-year fiscal 2027 product revenue growth guidance to 36%, up from the previous estimate of 31%. Operating income was $237 million on a non-GAAP basis, reflecting an operating margin expansion. The company operates in the cloud data platform and artificial intelligence industry.