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%. It guided first-quarter fiscal 2027 product revenue to $1,262 million to $1,267 million and full-year fiscal 2027 product revenue to $5,660 million, both about 27% growth. Net revenue retention was 125% and remaining performance obligations reached $9.77 billion.

• Q4 FY2026 product revenue $1,226.6M (+30%); total revenue $1,284.0M (+30%)
• FY2027 product revenue guidance $5,660M (about +27%); Q1 guidance $1,262M to $1,267M
• Net revenue retention 125%; remaining performance obligations $9.77B (+42%)
• 733 customers with trailing 12-month product revenue above $1M (+27%)
• Q4 free cash flow $765.1M, 60% of product revenue