Snowflake
What matters nowUpdated 6 h ago
- Snowflake filed an 8-K on Oct 2, 2026 disclosing a material definitive agreement, a new direct financial obligation and an unregistered sale of equity, all tied to an event dated Sep 28, 2026 1.
- SNOW traded at $358.62 on a pooled 24/7 venue price on Oct 13, 2026, down 0.21% from the previous close; the stock rose 17% on Sep 2, 2026, the day fiscal Q2 2027 results were published ·.
- Fiscal Q2 2027 revenue reached $1.55 billion, up 35% from a year earlier ·; trailing twelve-month revenue is $5.43 billion with 32.0% year-on-year growth as of Jul 31, 2026, a 67.0% gross margin, a -22.8% operating margin and $1.20 billion of free cash flow, and the market cap is $126.4 billion, or 23.3 times sales.
- Insiders sold 3.59 million shares worth $977.7 million in 59 sales over the last 180 days and bought none; 52 of those sales were planned.
- Fiscal Q3 2027 ends Oct 31, 2026, with estimated earnings on Dec 2, 2026 (not yet confirmed by the company) and company guidance for Q3 product revenue of $1,588 million to $1,593 million.
- Polymarket odds put the chance of no change in Fed rates after the October 2026 meeting at 81.5% and a 25 bp increase at 17.5%, ahead of the September CPI release on Oct 14, 2026.
Snowflake runs a cloud data platform, branded the AI Data Cloud, where companies store, query, share and build applications and AI agents on their data. Product revenue grew 29% in fiscal 2026 to $4.47 billion and 37% in the quarter ended July 31, 2026. The company is led by CEO Sridhar Ramaswamy and founder Benoit Dageville, and its chairman is Frank Slootman.
How it makes money
Customers pay for the compute, storage and data transfer they use, so revenue is recognized on consumption rather than as a fixed subscription. Some large customers commit to capacity for a set term, which gives Snowflake visibility through remaining performance obligations ($9.00 billion at July 31, 2026). Professional services are a small share of revenue.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-07-31 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
AI Data Cloud platform
Product revenue rose 37% in the quarter ended July 31, 2026, and guidance for fiscal 2027 was raised to $6.07 billion.
Next: Q3 FY2027 product revenue guided to $1,588M to $1,593M · 2026-10-31
Cortex AI, agents and Snowflake Intelligence
Account counts for the company's AI agent products kept rising through the quarter ended July 31, 2026, but no dollar figure for AI revenue was given.
Snowflake Postgres
Generally available since February 24, 2026 in selected AWS and Azure regions.
Observe (observability)
Acquired in February 2026 and sold as a standalone product that can also be paid for with Snowflake credits.
Latest newsAll news →
Snowflake shares jump about 23% after second-quarter beat and guidance raise
Snowflake stock rose about 23% to $377.11 in Thursday trading on September 3, 2026, the day after it beat fiscal second-quarter estimates and raised its full-year product revenue forecast.
Snowflake Q2 product revenue rises 37%; full-year product guidance raised to $6.07 billion
Snowflake reported second-quarter fiscal 2027 product revenue of $1,491.9 million, up 37% year over year, and total revenue of $1,546.8 million, up 35%.
Snowflake bought back $300 million of stock in the first half of fiscal 2027
Snowflake repurchased 1.7 million shares for $300.0 million in the six months ended July 31, 2026, according to its quarterly report.
Snowflake completes Natoma acquisition for about $146 million
Snowflake acquired all outstanding stock of Natoma Labs on June 3, 2026, according to its quarterly report for the period ended July 31, 2026.
Snowflake Q1 product revenue rises 34%; full-year product guidance raised to $5.84 billion
Snowflake reported first-quarter fiscal 2027 product revenue of $1.33 billion, up 34% year over year, and total revenue of $1.39 billion, up 33%.
Snowflake commits $6 billion to AWS over five years for AI workloads
Snowflake announced a multi-year strategic collaboration with Amazon Web Services under which Snowflake commits $6 billion of spend on AWS over five years, covering Graviton compute and AI workloads.
Products & businesses
AI Data Cloud platform
Product revenue rose 37% in the quarter ended July 31, 2026, and guidance for fiscal 2027 was raised to $6.07 billion.
Next: Q3 FY2027 product revenue guided to $1,588M to $1,593M · 2026-10-31
Cortex AI, agents and Snowflake Intelligence
Account counts for the company's AI agent products kept rising through the quarter ended July 31, 2026, but no dollar figure for AI revenue was given.
Snowflake Postgres
Generally available since February 24, 2026 in selected AWS and Azure regions.
Observe (observability)
Acquired in February 2026 and sold as a standalone product that can also be paid for with Snowflake credits.
Marketplace and Native Apps
Generally available; the company does not report a separate revenue or customer figure for it.
Professional services and other
Revenue grew about 29% in fiscal 2026 and reached $57.4 million in the fourth quarter.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Product revenue Consumption of the AI Data Cloud platform: compute, storage and data transfer. This is almost all of Snowflake's revenue. | $4.47B | 95.5% | |
| Professional services and other Implementation, training and other services sold alongside the platform. | $211.6M | 4.5% |
Fiscal FY2026 · from the annual report
Valuation & fundamentals
TTM through 2026-07-31 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2027 2026-07-31 | Q1 FY2027 2026-04-30 | Q4 FY2026 2026-01-31 | Q3 FY2026 2025-10-31 | Q2 FY2026 2025-07-31 | Q1 FY2026 2025-04-30 | Q4 FY2025 2025-01-31 | Q3 FY2025 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.43B | $1.55B +35% | $1.39B +33% | $1.28Bd +30% | $1.21B +29% | $1.14B +32% | $1.04B +26% | $986.8Md +27% | $942.1M +28% |
| Gross profit | $3.64B | $1.04B +34% | $926.5M +34% | $857.7Md +31% | $822.0M +32% | $773.2M +33% | $693.3M +25% | $653.6Md +23% | $621.2M +23% |
| Operating income | −$1.24B | −$263.0M | −$326.2M | −$318.2Md | −$329.5M | −$340.3M | −$447.3M | −$386.7Md | −$365.5M |
| Net income | −$1.09B | −$191.7M | −$295.6M | −$309.6Md | −$294.0M | −$298.0M | −$430.1M | −$327.5Md | −$324.3M |
| EPS (diluted) | $-3.19 | $-0.55 | $-0.86 | $-0.91d | $-0.87 | $-0.89 | $-1.29 | $-0.98d | $-0.98 |
| Operating cash flow | $1.25B | $91.4Md +22% | $243.2M +7% | $781.2Md +81% | $137.5Md +35% | $74.9Md +7% | $228.4M -36% | $432.7Md +26% | $101.7Md -16% |
| Capital expenditure | $58.0M | $7.6Md -55% | $10.5M -77% | $16.1Md +42% | $23.9Md +78% | $16.7Md +230% | $45.0M +172% | $11.3Md -14% | $13.4Md +54% |
| Share buybacks | $682.9M | $0d | $300.0M -39% | $150.0Md | $232.9Md -77% | $0d -100% | $490.6M -5% | $0d | $1.02Bd +154% |
| Cash & equivalents | $1.71B | $1.71B | $2.08B | $2.83B | $1.94B | $1.88B | $2.24B | $2.63B | $2.15B |
| Shares outstanding | 352.5M | 352.5M | 346.6M | 343.9M | 342.2M | 338.8M | 333.7M | 334.1M | 330.1M |
| Metric | FY2026 2026-01-31 | FY2025 2025-01-31 | FY2024 2024-01-31 | FY2023 2023-01-31 | FY2022 2022-01-31 |
|---|---|---|---|---|---|
| Revenue | $4.68B +29% | $3.63B +29% | $2.81B +36% | $2.07B +69% | $1.22B |
| Cost of revenue | $1.54B +27% | $1.21B +35% | $898.6M +25% | $717.5M +57% | $458.4M |
| Gross profit | $3.15B +30% | $2.41B +26% | $1.91B +42% | $1.35B +77% | $760.9M |
| Research & development | $1.97B +10% | $1.78B +38% | $1.29B +63% | $788.1M +69% | $466.9M |
| Operating income | −$1.44B | −$1.46B | −$1.09B | −$842.3M | −$715.0M |
| EBIT | −$1.44B | −$1.46B | −$1.09B | −$842.3M | −$715.0M |
| Depreciation & amortization | $220.4M +21% | $182.5M +52% | $119.9M +89% | $63.5M +196% | $21.5M |
| Interest expense | $8.3M +201% | $2.8M | $0 | $0 | — |
| Income tax | $17.1M +316% | $4.1M | −$11.2M | −$18.5M -718% | $3.0M |
| Net income | −$1.33B | −$1.29B | −$836.1M | −$796.7M | −$679.9M |
| EPS (diluted) | $-3.95 | $-3.86 | $-2.55 | $-2.50 | $-2.26 |
| Diluted shares (weighted) | 337.5M | 332.7M | 328.0M | 318.7M | 300.3M |
| Operating cash flow | $1.22B +27% | $959.8M +13% | $848.1M +55% | $545.6M +395% | $110.2M |
| Capital expenditure | $101.6M +120% | $46.3M +32% | $35.1M +40% | $25.1M +55% | $16.2M |
| Share buybacks | $873.5M -55% | $1.93B +227% | $591.7M | $0 | $0 |
| Cash & equivalents | $2.83B | $2.63B | $1.76B | $939.9M | $1.09B |
| Total assets | $9.13B | $9.03B | $8.22B | $7.72B | $6.65B |
| Total liabilities | $7.21B | $6.03B | $3.03B | $2.25B | $1.60B |
| Shareholders' equity | $1.92B | $3.00B | $5.18B | $5.46B | $5.05B |
| Shares outstanding | 343.9M | 334.1M | 334.2M | 325.0M | 314.6M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Snowflake shares jump about 23% after second-quarter beat and guidance raise
Snowflake stock rose about 23% to $377.11 in Thursday trading on September 3, 2026, the day after it beat fiscal second-quarter estimates and raised its full-year product revenue forecast.
Snowflake Q2 product revenue rises 37%; full-year product guidance raised to $6.07 billion
Snowflake reported second-quarter fiscal 2027 product revenue of $1,491.9 million, up 37% year over year, and total revenue of $1,546.8 million, up 35%.
Snowflake bought back $300 million of stock in the first half of fiscal 2027
Snowflake repurchased 1.7 million shares for $300.0 million in the six months ended July 31, 2026, according to its quarterly report.
Snowflake completes Natoma acquisition for about $146 million
Snowflake acquired all outstanding stock of Natoma Labs on June 3, 2026, according to its quarterly report for the period ended July 31, 2026.
Snowflake Q1 product revenue rises 34%; full-year product guidance raised to $5.84 billion
Snowflake reported first-quarter fiscal 2027 product revenue of $1.33 billion, up 34% year over year, and total revenue of $1.39 billion, up 33%.
Snowflake commits $6 billion to AWS over five years for AI workloads
Snowflake announced a multi-year strategic collaboration with Amazon Web Services under which Snowflake commits $6 billion of spend on AWS over five years, covering Graviton compute and AI workloads.
Snowflake signs deal to acquire Natoma, an MCP platform for AI agents
Snowflake signed a definitive agreement to acquire Natoma, an enterprise platform that manages Model Context Protocol connections for AI agents.
Snowflake names Jonathan Beaulier chief revenue officer after Mike Gannon exit
Snowflake appointed Jonathan Beaulier as Chief Revenue Officer, effective March 31, 2026.
Snowflake Q4 product revenue rises 30%; FY2027 product guidance set at $5.66 billion
Snowflake reported fourth-quarter fiscal 2026 product revenue of $1,226.6 million, up 30% year over year, and fiscal 2026 product revenue of $4,472.3 million, up 29%.
Snowflake Postgres becomes generally available
Snowflake Postgres, a fully managed Postgres database inside the AI Data Cloud, moved to general availability on February 24, 2026.
Snowflake and OpenAI sign $200 million multi-year partnership
Snowflake and OpenAI agreed a multi-year, $200 million partnership focused on joint product work and go-to-market for AI agents.
Snowflake agrees to buy AI observability company Observe
Snowflake signed a definitive agreement to acquire Observe, an AI-powered observability company whose platform was built on Snowflake from the start.
Snowflake reports fiscal Q3 2026 results: revenue $1.21B, up 29% from a year earlier
Snowflake filed a Form 8-K with the SEC on Dec 3, 2025, 4:06 PM ET, reporting an event dated Dec 3, 2025.
SEC filings
| Oct 8, 26 | 4 | Form 4: Dageville Benoit (Director) — open-market sale 50,000 sh, gift 16,668 sh | sec.gov ↗ |
| Oct 7, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: Speiser Michael L (Director) — open-market sale 50,741 sh | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: Kleinerman Christian (EVP, Product Management) — open-market sale 15,000 sh | sec.gov ↗ |
| Oct 2, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 2, 26 | 8-K | 8-K: Material Agreement, New Financial Obligation, Unregistered Equity Sale, Other Events (Items 1.01, 2.03, 3.02, 8.01) | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 24, 26 | 4 | Form 4: Dageville Benoit (Director) — gift 16,668 sh, open-market sale 50,000 sh | sec.gov ↗ |
| Sep 24, 26 | 4 | Form 4: Beaulier Jonathan Mead (Chief Revenue Officer) — open-market sale 755 sh | sec.gov ↗ |
| Sep 23, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 23, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Slootman Frank (Director) — option exercise 300,000 sh, open-market sale 300,000 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Ramaswamy Sridhar (Chief Executive Officer, Director) — tax withholding 4,427 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Raghunathan Vivek (SVP, Engineering) — tax withholding 3,603 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Dageville Benoit (Director) — tax withholding 791 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Beaulier Jonathan Mead (Chief Revenue Officer) — tax withholding 711 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Kleinerman Christian (EVP, Product Management) — tax withholding 2,653 sh, open-market sale 2,622 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Ho Emily (Chief Accounting Officer) — tax withholding 1,091 sh | sec.gov ↗ |
| Sep 22, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 21, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 18, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 17, 26 | 144/A | 144/A: Notice of proposed insider sale (amended) | sec.gov ↗ |
| Sep 17, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Dageville Benoit (Director) — gift 100,000 sh, tax withholding 2,037 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Beaulier Jonathan Mead (Chief Revenue Officer) — tax withholding 7,877 sh, open-market sale 12,292 sh | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-07 | Dageville Benoit Director | Sale 10b5-1 plan | 50.0K | $333.42 | $16.7M |
| 2026-10-02 | Speiser Michael L Director | Sale 10b5-1 plan | 50.7K | $344.00 | $17.5M |
| 2026-10-01 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 15.0K | $341.57 | $5.1M |
| 2026-09-23 | Beaulier Jonathan Mead Chief Revenue Officer | Sale | 755 | $336.36 | $254.0K |
| 2026-09-23 | Dageville Benoit Director | Sale 10b5-1 plan | 50.0K | $339.08 | $17.0M |
| 2026-09-22 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 2.6K | $344.50 | $903.3K |
| 2026-09-21 | Slootman Frank Director | Sale 10b5-1 plan | 102.8K | $335.22 | $34.5M |
| 2026-09-18 | Slootman Frank Director | Sale 10b5-1 plan | 197.2K | $334.10 | $65.9M |
| 2026-09-16 | Raghunathan Vivek SVP, Engineering | Sale 10b5-1 plan | 3.9K | $318.51 | $1.2M |
| 2026-09-16 | Slootman Frank Director | Sale 10b5-1 plan | 8.2K | $318.51 | $2.6M |
| 2026-09-16 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 3.0K | $318.51 | $951.1K |
| 2026-09-16 | Ho Emily Chief Accounting Officer | Sale | 768 | $332.93 | $255.7K |
| 2026-09-16 | Beaulier Jonathan Mead Chief Revenue Officer | Sale | 12.3K | $336.12 | $4.1M |
| 2026-09-09 | Dageville Benoit Director | Sale 10b5-1 plan | 50.0K | $335.72 | $16.8M |
| 2026-09-09 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 2.7K | $335.72 | $916.5K |
| 2026-09-04 | Speiser Michael L Director | Sale 10b5-1 plan | 50.7K | $353.87 | $18.0M |
| 2026-09-04 | GARRETT MARK Director | Sale | 50.0K | $350.00 | $17.5M |
| 2026-09-03 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 10.0K | $380.00 | $3.8M |
| 2026-09-01 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 15.0K | $325.57 | $4.9M |
| 2026-08-26 | Dageville Benoit Director | Sale 10b5-1 plan | 50.0K | $309.44 | $15.5M |
| 2026-08-19 | Slootman Frank Director | Sale 10b5-1 plan | 49.0K | $320.78 | $15.7M |
| 2026-08-18 | Slootman Frank Director | Sale 10b5-1 plan | 251.0K | $325.53 | $81.7M |
| 2026-08-12 | Dageville Benoit Director | Sale 10b5-1 plan | 50.0K | $335.70 | $16.8M |
| 2026-08-07 | Speiser Michael L Director | Sale 10b5-1 plan | 50.7K | $324.06 | $16.4M |
| 2026-08-07 | Kleinerman Christian EVP, Product Management | Sale 10b5-1 plan | 30.0K | $325.00 | $9.8M |