OpenNashEarnings

Software · NYSE: SNOW

Snowflake earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends January · next results expected around 2 Dec 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q2 FY2027

Snowflake reported product revenue of $1.49 billion in the second quarter, representing 37% year-over-year growth, and revenue of $1.55 billion, representing 35% year-over-year growth, with a net revenue retention rate of 126%.

Snowflake's second quarter of fiscal 2027 (ended July 31, 2026) was its third straight quarter of faster product revenue growth. Product revenue was $1.49 billion, up 37% from a year ago, and total revenue was $1.55 billion, up 35%. Management credited both the core data platform and rising demand for its AI products, CoCo and CoWork. Non-GAAP operating margin was 15.3%. On a GAAP basis the company still lost money, with an operating loss of $263.0 million.

Read the Q2 FY2027 summary →Q2 FY2027 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$1.5B+35.1% y/yQ2 FY27
Q3 FY25: $942.1MQ3 25$942.1MQ4 FY25: $986.8M (worked out from the annual figure)Q4 25$986.8MQ1 FY26: $1.0BQ1 26$1.0BQ2 FY26: $1.1BQ2 26$1.1BQ3 FY26: $1.2BQ3 26$1.2BQ4 FY26: $1.3B (worked out from the annual figure)Q4 26$1.3BQ1 FY27: $1.4BQ1 27$1.4BQ2 FY27: $1.5BQ2 27$1.5B

Fourth quarter worked out from the annual figure.

Data
Q3 FY25$942.1M
Q4 FY25$986.8M *
Q1 FY26$1.0B
Q2 FY26$1.1B
Q3 FY26$1.2B
Q4 FY26$1.3B *
Q1 FY27$1.4B
Q2 FY27$1.5B
Diluted EPS (GAAP)-$0.55+38.2% y/yQ2 FY27
Q3 FY25: -$0.98Q3 25-$0.98Q1 FY26: -$1.29Q1 26-$1.29Q2 FY26: -$0.89Q2 26-$0.89Q3 FY26: -$0.87Q3 26-$0.87Q1 FY27: -$0.86Q1 27-$0.86Q2 FY27: -$0.55Q2 27-$0.55
Data
Q3 FY25-$0.98
Q1 FY26-$1.29
Q2 FY26-$0.89
Q3 FY26-$0.87
Q1 FY27-$0.86
Q2 FY27-$0.55

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-17.0%+12.7 pts y/yQ2 FY27
Q3 FY25: -38.8%Q3 25-38.8%Q4 FY25: -39.2%Q4 25-39.2%Q1 FY26: -42.9%Q1 26-42.9%Q2 FY26: -29.7%Q2 26-29.7%Q3 FY26: -27.2%Q3 26-27.2%Q4 FY26: -24.8%Q4 26-24.8%Q1 FY27: -23.4%Q1 27-23.4%Q2 FY27: -17.0%Q2 27-17.0%
Data
Q3 FY25-38.8%
Q4 FY25-39.2%
Q1 FY26-42.9%
Q2 FY26-29.7%
Q3 FY26-27.2%
Q4 FY26-24.8%
Q1 FY27-23.4%
Q2 FY27-17.0%
Free cash flow$83.8M+43.9% y/yQ2 FY27
Q3 FY25: $88.3MQ3 25$88.3MQ4 FY25: $421.4MQ4 25$421.4MQ1 FY26: $183.4MQ1 26$183.4MQ2 FY26: $58.2MQ2 26$58.2MQ3 FY26: $113.6MQ3 26$113.6MQ4 FY26: $765.1MQ4 26$765.1MQ1 FY27: $232.8MQ1 27$232.8MQ2 FY27: $83.8MQ2 27$83.8M
Data
Q3 FY25$88.3M
Q4 FY25$421.4M
Q1 FY26$183.4M
Q2 FY26$58.2M
Q3 FY26$113.6M
Q4 FY26$765.1M
Q1 FY27$232.8M
Q2 FY27$83.8M

Operating cash flow minus capital expenditure, from cash flow statements.

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$942.1M$986.8Md$1.0B$1.1B$1.2B$1.3Bd$1.4B$1.5B
Gross margin65.9%66.2%66.5%67.5%67.8%66.8%66.6%67.0%
Operating income-$365.5M-$386.7Md-$447.3M-$340.3M-$329.5M-$318.2Md-$326.2M-$263.0M
Operating margin-38.8%-39.2%-42.9%-29.7%-27.2%-24.8%-23.4%-17.0%
Net income-$324.3M-$327.5Md-$430.1M-$298.0M-$294.0M-$309.6Md-$295.6M-$191.7M
Diluted EPS-$0.98—-$1.29-$0.89-$0.87—-$0.86-$0.55
Operating cash flow$101.7Md$432.7Md$228.4M$74.9Md$137.5Md$781.2Md$243.2M$91.4Md
Capital expenditure$13.4Md$11.3Md$45.0M$16.7Md$23.9Md$16.1Md$10.5M$7.6Md
Free cash flow$88.3M$421.4M$183.4M$58.2M$113.6M$765.1M$232.8M$83.8M
R&D expense$442.4M$492.5Md$472.4M$492.0M$494.0M$511.0Md$534.9M$567.5M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings