Snowflake Inc. earnings

Snowflake's second quarter of fiscal 2027, which ended July 31, 2026, produced revenue of $1.55 billion, up 35.1% from the prior-year quarter. The company said the period marked a third consecutive quarter of product revenue growth acceleration, helped by the core data platform and a meaningful step-up in AI revenue.

Snowflake closed fiscal 2027 first quarter with total revenue of $1.39 billion, up 33.5% from the prior-year quarter. Product revenue grew 34% year over year, and the company said it marked the strongest sequential dollar growth in its history.

Snowflake closed fiscal 2026 with a fourth quarter that showed strong top-line momentum but continued GAAP losses. Revenue for the quarter ended January 31, 2026 was $1.28 billion, up 30.1% from $986.77 million in the prior-year quarter. Gross profit rose 31.2% to $857.66 million.

Snowflake closed FY2026 Q3 with revenue of $1.21 billion, up 28.7% from $942.09 million in the prior-year quarter. Gross profit rose 32.3% to $822.04 million. Gross margin improved to 67.8% from 65.9%.

Snowflake's fiscal 2026 second quarter revenue reached $1.14 billion, up 31.8% from the prior-year quarter. Revenue growth was driven by increased consumption of the platform by existing customers. Product revenue grew 32% year over year, a key metric that reflects consumption of the AI Data Cloud.

Snowflake reported first quarter fiscal 2026 revenue of $1.04 billion, up 25.7% from $828.71 million in the prior-year quarter. The consumption model kept working. Remaining performance obligations reached $6.70 billion, up 34.0% from $5.00 billion a year earlier.

Snowflake ended fiscal 2025 with fourth-quarter revenue of $986.8 million, up 27.4% from the prior-year quarter. Gross profit rose 22.6% to $653.6 million, but gross margin slipped 2.6 percentage points to 66.2%. The quarter's operating loss was $386.7 million, and operating margin was negative 39.2%.

Snowflake's fiscal 2025 third quarter revenue rose 28.3% to $942.1 million. Gross profit increased 23.0% to $621.2 million. Gross margin slipped to 65.9%, down 2.9 percentage points, as revenue growth outpaced gross profit growth. GAAP operating loss widened to $365.5 million.

Snowflake's total revenue for fiscal 2025 second quarter rose 28.9% year over year to $868.8 million. Gross profit increased 27.5% to $580.7 million. Gross margin was 66.8%, down 0.8 percentage points from the prior-year quarter. The operating loss widened to $355.3 million, and net loss attributable to Snowflake Inc.

Snowflake's first quarter of fiscal 2025 showed strong top-line growth paired with a wider GAAP loss. Revenue was $828.7 million, up 32.9% year over year. Gross profit was $556.2 million, up 34.3%, and gross margin was 67.1%, up 0.7 percentage points.

Snowflake's fiscal 2024 fourth quarter, ended January 31, 2024, delivered revenue of $774.7 million, up 32% from the prior-year quarter, and full-year revenue of $2.81 billion, up 35.9%. Product revenue was $738.1 million in the quarter, up 33%, and $2.67 billion for the full year, up 38%.

Snowflake's fiscal 2024 third quarter, ended October 31, 2023, delivered strong revenue growth but continued GAAP losses. Total revenue was $734.2 million, up 31.8% from the prior-year quarter. Gross profit reached $505.2 million, up 37.9%, and gross margin improved to 68.8%, up 3.1 percentage points.

Snowflake's fiscal 2024 second quarter, ended July 31, 2023, showed continued strong top-line growth but a wider GAAP loss. Total revenue was $674.0 million, up 35.5% from the prior-year quarter. Gross profit was $455.6 million, up 40.6%, and gross margin rose to 67.6% from 65.2%.

Snowflake closed the first quarter of fiscal 2024 with revenue of $623.6 million, up 47.6% from $422.4 million a year earlier. Product revenue, the consumption-based core of the model, grew 50% to $590.1 million.

Snowflake closed fiscal 2023 with a fourth quarter that showed strong top-line growth but wider losses. Revenue for the quarter ended January 31, 2023 was $589.0 million, up 53.5% from the prior-year quarter. Gross profit rose 53.6% to $383.4 million, and gross margin was 65.1%, flat with the prior-year quarter.

Snowflake closed FY2023 Q3 on October 31, 2022 with total revenue of $557.03 million, up 66.6% from $334.44 million in the prior-year quarter. Gross profit rose 71.4% to $366.31 million from $213.66 million. Gross margin was 65.8%, up 1.9 percentage points from 63.9%.

Snowflake's second quarter of fiscal 2023 showed revenue of $497.2 million, up 82.7% from $272.2 million in the same quarter a year earlier. Gross profit rose 95.1% to $324.0 million, and total gross margin climbed to 65.2% from 61.0%.

Snowflake reported fourth quarter revenue of $383.8 million, up 101.5% from $190.46 million in the prior-year quarter. Product revenue, the consumption-based line that drives the model, was $359.6 million and grew 102%.

Snowflake reported fiscal 2022 third-quarter revenue of $334.4 million for the period ended October 31, 2021, up 109.5% from the prior-year quarter. Gross margin reached 63.9%, up 5.7 percentage points from a year earlier. Operating margin was negative 47.0%, up 59.1 percentage points from the prior-year quarter.

Snowflake's fiscal 2022 second quarter, ended July 31, 2021, produced revenue of $272.2 million, up 104% from the prior-year quarter. Six-month revenue through July 31, 2021 was $501.1 million, up 107.1%.

Snowflake delivered rapid revenue growth in the first quarter of fiscal 2022, which ended April 30, 2021. Total revenue reached $228.9 million, up 110.4% from $108.8 million in the prior-year quarter. Gross profit was $131.6 million, up 98.6% from $66.3 million.

Snowflake reported revenue of $190.5 million for the fourth quarter of fiscal 2021, up 117.2% from the prior-year quarter. Product revenue, which excludes professional services, reached $178.3 million and grew 116% year over year.

Snowflake's third quarter of fiscal 2021, ended Oct. 31, 2020, delivered rapid top-line growth but wider losses. Total revenue rose 118.6% year over year to $159.62 million. Gross profit rose 113.5% to $92.94 million. Operating loss widened 88.0% to $169.45 million. Net loss widened 91.8% to $168.89 million.