Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Snowflake expects annual product revenue above estimates as AI boosts demand February 25, 20269:09 PM UTCUpdated ago By Jaspreet Singh The company logo for Snowflake Inc. is displayed on a banner to celebrate the company's IPO at the New York Stock Exchange (NYSE) in New York, U.S., September 16, 2020. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab Feb 24 (Reuters) - Snowfla ...

Revenue Growth - Fourth quarter revenue reached $1.28 billion, reflecting a 30% year-over-year growth[1] - Product revenue for the fourth quarter was $1.23 billion, also up 30% year-over-year, with remaining performance obligations totaling $9.77 billion, a 42% increase year-over-year[2] - For fiscal 2027, product revenue guidance is set between $1,262 million and $1,267 million for Q1, and $5,660 million for the full year, both reflecting a 27% year-over-year growth[6] - Full-year product revenue for fiscal 2026 was $4,472.3 million, a 29% increase year-over-year, with a non-GAAP operating income of $489.7 million[8] - Product revenue for the fiscal year ended January 31, 2026, was $4,683,946,000, representing a 29.3% increase from $3,626,396,000 in the previous year[25] - Product revenue for Q1 2026 reached $1,226.6 million, a 30% increase year-over-year from $943.3 million in Q1 2025[31] - Total revenue for the twelve months ended January 31, 2026, was $4,683.9 million, up 29% from $3,626.4 million in the previous year[31] - Year-over-year growth for total revenue was 30% for Q1 2026, compared to 27% for Q1 2025[31] Customer Metrics - The net revenue retention rate stood at 125%, indicating strong customer engagement and expansion[4] - Snowflake added 740 net new customers in the quarter, marking a 40% year-over-year growth, with 733 customers now spending over $1 million annually[4] - The company served 790 of the Forbes Global 2000 customers, indicating a 5% year-over-year growth in enterprise adoption[5] - The number of customers with trailing 12-month product revenue greater than $1 million is a key metric, reflecting the company's ability to attract high-value clients[18] - User data metrics show a significant increase in engagement, supporting future revenue growth projections[1] Financial Performance - Non-GAAP product gross profit margin for Q4 was 75%, while operating income was reported at $139.2 million, representing an 11% margin[7] - Operating loss for the quarter was $318,159,000, a slight improvement from a loss of $386,678,000 in the same quarter last year[25] - Net loss attributable to Snowflake Inc. for the fiscal year was $1,331,616,000, compared to $1,285,640,000 in the previous year, indicating ongoing investment in growth despite losses[25] - The company reported interest income of $42,445,000 for the quarter, down from $56,310,000 in the previous year, reflecting changes in market conditions[25] - Net loss for the three months ended January 31, 2026, was $309,550 thousand, a slight improvement from a net loss of $325,724 thousand in the same period last year[29] - Non-GAAP operating margin was reported at 11%, down from 12.7% in the previous year[1] - The company reported a net increase in cash, cash equivalents, and restricted cash of $879,672 thousand for the current quarter, compared to $532,440 thousand in the same quarter last year[29] Expenses and Investments - Total operating expenses reached $1.175 billion, reflecting a 22% increase year-over-year[1] - Research and development expenses increased to $511 million, representing a 38% increase year-over-year[1] - General and administrative expenses were reported at $113.5 million, a 29% increase compared to the previous year[1] - The company reported a net restructuring charge of $96 million, indicating ongoing strategic adjustments[1] - The company is focusing on strategic acquisitions and investments, with associated expenses of $474 million[1] - Future guidance indicates a continued emphasis on R&D, with expectations for further increases in development expenses[1] Cash Flow and Assets - Free cash flow for the quarter was $857,663,000, resulting in a free cash flow margin of approximately 66.8% of revenue[16] - Net cash provided by operating activities for the twelve months ended January 31, 2026, was $1,221,942 thousand, up from $959,764 thousand in the previous year, representing a 27.3% increase[29] - Cash and cash equivalents at the end of the period rose to $2,864,303 thousand, up from $2,698,678 thousand, indicating a 6.1% increase[29] - Total assets increased to $9,132,495 thousand as of January 31, 2026, compared to $9,033,938 thousand in the previous year, reflecting a growth of 1.1%[27] Strategic Focus - Snowflake aims to enhance its product offerings and market presence, particularly in AI and data cloud services, to drive future growth and customer engagement[19] - The company plans to expand its market presence through new product launches and technological advancements[1] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[1] - Future guidance indicates a focus on strategic investments and acquisitions to drive growth[33] - The company plans to enhance its market expansion efforts in key regions[33] - New product development initiatives are underway, aimed at increasing market share[33]

Investor Notice: Robbins LLP Informs Investors of the Snowflake Inc. Class Action LawsuitFeb 25, 2026 2:44 PM Eastern Standard Time# Investor Notice: Robbins LLP Informs Investors of the Snowflake Inc. Class Action LawsuitShare---SAN DIEGO--([BUSINESS WIRE])-- [Robbins LLP] informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023 and February 28, 2024. Snowflake is a software compa ...

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of Class A common stock of Snowflake Inc. (NYSE: SNOW) between June 27, 2023 and the close of the market on February 28, 2024 (4:00 p.m. ET). Snowflake describes itself as a "software company that provides cloud data storage that enables customers to consolidate data onto data- driven applications and share data for the purpose of running analytics and other processes.†For ...

NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the Class A common stock of Snowflake Inc. (“Snowflake” or the “Company”) (NYSE: SNOW) between June 27, 2023 and the close of market on February 28, 2024 (4:00 p.m. EST), inclusive. What To Do Next: For more information, submit a form at Snowflake Inc. Shareholder Class Action Lawsuit, email Investor Relatio ...

(NYSE: PLTR | PLTR Price Prediction) and Snowflake (NYSE: SNOW) just reported earnings revealing two companies attacking AI from…]## Snowflake Enjoys Avalanche of Growth and Profitability[Rich Duprey | Feb 27, 2025 at 1:36 PM EST Snowflake (NASDAQ:SNOW) is proving the turnaround strategy is working. CEO Sridhar Ramaswamy, who took over less than a year ago,…]## Atlassian Shares Jump on Strong FY26 Q1 Earnings[Joel South | Oct 30, 2025 at 6:41 PM EDT Atlassian (NASDAQ: TEAM) delivered a solid quarter that re ...

The latest artificial intelligence (AI) models are capable enough that it's fair to wonder whether they can begin to threaten, or even outright replace, many of the traditional software products out there. Many of the software-as-a-service (SaaS) stocks were market darlings for years due to their exceptional margins and growth. AI hasn't meaningfully impacted many software companies yet, but recent demonstrations by Anthropic's Claude are impressive enough to wonder about the coming years. Where to inves ...

智通财经APP获悉，周三，美股AI应用软件股表现活跃，截至发稿，Figma Inc(FIG.US)涨超10%， Applovin(APP.US)涨超8%，Shopify(SHOP.US)涨超3%，SoundHound AI(SOUN.US)涨超3%， Snowflake(SNOW.US)涨超3.5%，Palantir(PLTR.US)涨超4.6%。 ...

Market Overview - U.S. equity markets reached new all-time highs in Q4 2025, with the S&P 500 Index rising 2.66% and the Bloomberg U.S. Aggregate Bond Index increasing by 1.10% [1] - The U.S. economy showed resilience, although consumer confidence deteriorated toward year-end, raising concerns about future spending and the labor market [1] Fund Performance - The Aristotle Growth Equity Fund (Class I-2) returned 0.95%, underperforming the Russell 1000 Growth Index's 1.12% [1] - Poor security selection in the information technology and consumer discretionary sectors detracted from performance, while positive contributions from healthcare and industrials improved relative performance [1] Company Spotlight: Snowflake Inc. - Snowflake Inc. (NYSE:SNOW) is a cloud-based data platform company with a market capitalization of $55.115 billion [2] - As of February 24, 2026, Snowflake Inc. stock closed at $161.06 per share, with a one-month return of -25.44% and a 52-week loss of 3.09% [2] - Snowflake empowers organizations to consolidate, manage, and analyze data securely and efficiently through its AI Data Cloud, supporting diverse industry-specific solutions [3]

Snowflake Inc. (NYSE:SNOW) will release earnings for the fourth quarter after the closing bell on Wednesday, Feb. 25.Analysts expect the Bozeman, Montana-based company to report quarterly earnings at 27 cents per share. That's down from 30 cents per share in the year-ago period. The consensus estimate for Snowflake's quarterly revenue is $1.25 billion (it reported $986.77 million last year), according to Benzinga Pro.The company has beaten analyst revenue estimates for more than 15 straight quarters.Shares ...