SNOW
Snowflake Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Snowflake Inc.
Snowflake Inc. provides a cloud data platform that enables customers to store, process, share, and analyze data and to build AI applications across multiple public clouds. Products include data warehousing, data sharing, Iceberg tables, Cortex AI, and related developer services, priced primarily on consumption.
Coverage
SNOW Q2 FY2027 reported earnings analysis
Snowflake beat its product revenue guide by 5.25% and raised the year by $230M, while remaining performance obligations fell again.
SNOW Q2 FY2027 earnings preview
Snowflake's $1.48B revenue consensus implies a beat near 0.5%, versus 2.4% to 5.5% in each of the prior four quarters.
Snowflake's Rule of 40 Went From 37 to 90 to 50 Without the Business Changing.
Snowflake joins the tracked set scoring 50.2 — after printing 43, 37, 38 and 90 in four quarters, a 53-point range driven by cash timing, not the business.
Where the revenue goes next
Latest: $1.55B (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | $624M |
| Q2 FY2024 | $674M |
| Q3 FY2024 | $734M |
| Q4 FY2024 | $775M |
| Q1 FY2025 | $829M |
| Q2 FY2025 | $869M |
| Q3 FY2025 | $942M |
| Q4 FY2025 | $987M |
| Q1 FY2026 | $1.04B |
| Q2 FY2026 | $1.14B |
| Q3 FY2026 | $1.21B |
| Q4 FY2026 | $1.28B |
| Q1 FY2027 | $1.39B |
| Q2 FY2027 | $1.55B |
Latest: −$0.55 (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | −$0.70 |
| Q2 FY2024 | −$0.69 |
| Q3 FY2024 | −$0.65 |
| Q4 FY2024 | −$0.51 |
| Q1 FY2025 | −$0.95 |
| Q2 FY2025 | −$0.95 |
| Q3 FY2025 | −$0.98 |
| Q4 FY2025 | −$0.98 |
| Q1 FY2026 | −$1.29 |
| Q2 FY2026 | −$0.89 |
| Q3 FY2026 | −$0.87 |
| Q4 FY2026 | −$0.90 |
| Q1 FY2027 | −$0.86 |
| Q2 FY2027 | −$0.55 |
Latest: n/m (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2024 | n/m |
| Q1 FY2025 | n/m |
| Q2 FY2025 | n/m |
| Q3 FY2025 | n/m |
| Q4 FY2025 | n/m |
| Q1 FY2026 | n/m |
| Q2 FY2026 | n/m |
| Q3 FY2026 | n/m |
| Q4 FY2026 | n/m |
| Q1 FY2027 | n/m |
| Q2 FY2027 | n/m |
Latest: $84M (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | $292M |
| Q2 FY2024 | $77M |
| Q3 FY2024 | $112M |
| Q4 FY2024 | $332M |
| Q1 FY2025 | $339M |
| Q2 FY2025 | $65M |
| Q3 FY2025 | $88M |
| Q4 FY2025 | $421M |
| Q1 FY2026 | $183M |
| Q2 FY2026 | $58M |
| Q3 FY2026 | $114M |
| Q4 FY2026 | $765M |
| Q1 FY2027 | $233M |
| Q2 FY2027 | $84M |
Latest: 349M (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2020 | 46M |
| Q1 FY2021 | 54M |
| Q2 FY2021 | 59M |
| Q3 FY2021 | 167M |
| Q1 FY2022 | 296M |
| Q2 FY2022 | 298M |
| Q3 FY2022 | 303M |
| Q4 FY2022 | 306M |
| Q1 FY2023 | 314M |
| Q2 FY2023 | 320M |
| Q3 FY2023 | 322M |
| Q1 FY2024 | 324M |
| Q2 FY2024 | 327M |
| Q3 FY2024 | 329M |
| Q4 FY2024 | 329M |
| Q2 FY2025 | 334M |
| Q3 FY2025 | 332M |
| Q4 FY2025 | 330M |
| Q1 FY2026 | 333M |
| Q2 FY2026 | 335M |
| Q3 FY2026 | 340M |
| Q4 FY2026 | 342M |
| Q1 FY2027 | 345M |
| Q2 FY2027 | 349M |
Latest: $3.16B (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | $292M |
| Q2 FY2024 | $369M |
| Q3 FY2024 | $482M |
| Q4 FY2024 | $813M |
| Q1 FY2025 | $1.15B |
| Q2 FY2025 | $1.22B |
| Q3 FY2025 | $1.31B |
| Q4 FY2025 | $1.73B |
| Q1 FY2026 | $1.91B |
| Q2 FY2026 | $1.97B |
| Q3 FY2026 | $2.08B |
| Q4 FY2026 | $2.85B |
| Q1 FY2027 | $3.08B |
| Q2 FY2027 | $3.16B |
Latest earnings
Company History
Benoit Dageville, Thierry Cruanes and Marcin Zukowski found Snowflake around a warehouse that separates storage from compute, so each can be scaled and billed on its own.
Lists on the NYSE at $120 a share in the largest software IPO to that point, opening at $245 and closing its first day above $250.
Acquires the AI search startup Neeva, bringing in Sridhar Ramaswamy and the generative-search team that became the basis of Cortex.
Frank Slootman steps down as CEO in February; Sridhar Ramaswamy takes over and reorients the roadmap around AI workloads, with Slootman staying as chairman.
Fiscal 2026 closes with $4.68 billion of revenue, up 29% on the prior year, on positive free cash flow and a still-widening GAAP loss.
Key Players
The CEO view — 3 podcasts, interviews & articles →
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Funds we follow holding SNOW
By latest reported 13F position value. Market value at quarter-end, not cost basis.
