SNOW
Snowflake Inc.220.60
+5.32+2.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Reaffirms guide; unveils Intelligence caps
Q&A largely reaffirmed prepared remarks, with executives doubling down on FY27's 27% product revenue growth guide as rooted in core stability, AI acceleration, and 1 point from Observe. The record $400M+ deal expanded an existing financial services customer, underscoring platform trust. Management addressed sticker shock head-on, announcing per-user caps for Snowflake Intelligence to blend consumption pricing with predictability. Observe targets cost-plagued large-data users in AI observability. AI drove internal wins like a Q4 RIF and minimal headcount adds. Cortex Code thrills the salesforce. AI efficiencies rewrite hiring rules. Watch agent adoption and margins.
Key Stats
Market Cap
75.49BP/E (TTM)
-Basic EPS (TTM)
-4.01Dividend Yield
0%Recent Filings
10-K
FY2026 results
Snowflake drove FY2026 revenue to $4.7B, up 29% y/y, with product revenue hitting $4.5B on 125% net retention as customers ramped consumption despite macro headwinds. Q4 accelerated the trend, powering 733 customers past $1M TTM—up from 576—while Forbes Global 2000 cohort swelled to 790, contributing 43% of topline. Free cash flow surged to $1.1B, fueled by $1.2B operating cash, underscoring scalable consumption economics. RPO ballooned to $9.8B (46% due next year), yet $1.3B net loss persisted amid heavy R&D and $1.6B stock comp. Buybacks chewed $874M; $4.8B liquidity intact. Platform outages could jolt quarterly momentum.
8-K
Q4 revenue up 30%
Snowflake reported Q4 fiscal 2026 revenue of $1.28 billion, up 30% year-over-year, with product revenue at $1.23 billion and remaining performance obligations hitting $9.77 billion, up 42%. Net new customers surged 40% to 740; 733 now exceed $1M trailing spend. AI drives expansion. Q1 product revenue guides $1.26B.
8-K
Burton resigns post-Observe deal
Snowflake director Jeremy Burton resigned effective January 30, 2026, tied to the company's acquisition of Observe, Inc., closing February 2, 2026. Previously Observe's CEO and board member, he quit all board roles and committees with no disagreements on operations. Approved by independent directors and Audit Committee. Resignation smooths post-deal governance.
10-Q
Q1 FY2026 results
Snowflake posted Q1 FY2026 revenue of $1.21B, up 29% y/y, with product revenue surging 29% y/y to $1.16B on steady 125% net retention. Gross margin held at 68%, but operating loss narrowed to $329M from $365M y/y amid 32% gross profit growth. EPS improved to -$0.87 from -$0.98 on 339.6M diluted shares (reconciles). Cash dipped to $1.94B with $2.28B convertible notes due 2027/2029; free cash flow hit $114M. Crunchy Data closed June 2025 for $164.5M cash, adding $118M goodwill and $46M developed tech (5-year life). Markets stay brutally competitive.
8-K
Snowflake Q3 revenue up 29%
Snowflake posted Q3 fiscal 2026 product revenue of $1.16B, up 29% year-over-year, with net revenue retention at 125% and RPO climbing 37% to $7.88B. Customer traction strengthened: 688 over $1M trailing product revenue, 766 Forbes Global 2000 clients. Non-GAAP operating income hit $131M. Guidance eyes Q4 product revenue at $1.195B-$1.2B.
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