Snowflake Inc.
Snowflake Reports Strong Fiscal Q4 2026 Results with 30% YoY Revenue Growth
Summary
Snowflake Inc. announced its financial results for the fiscal fourth quarter and full-year 2026, reporting a significant increase in product revenue by 30% year-over-year to $1.23 billion. The company also saw a 125% net revenue retention rate, added 740 net new customers (40% YoY growth), and grew its remaining performance obligations to $9.77 billion (42% YoY growth). Snowflake's strong performance in AI capabilities and customer growth positions it well for future growth, with management guiding towards a 27% YoY growth in product revenue for fiscal 2027.
Profitelligence Alerts
Get alerts for SNOW
Be first to know when Snowflake Inc. files with the SEC.
Filing Categories
Advertisement
About Snowflake Inc.
Snowflake Inc. is a cloud-based data-warehousing company that provides businesses with a robust platform for storing, processing, and analyzing large volumes of data with ease and efficiency. With its unique architecture, Snowflake allows organizations to seamlessly connect and manage data across diverse cloud services and platforms, facilitating advanced analytics, machine learning, and data-driven decision-making. Its primary function is to offer businesses a secure and scalable solution for handling complex data workflows, eliminating the need for dedicated hardware, and enabling rapid insights. Snowflake caters heavily to industries like financial services, healthcare, and retail, where real-time data processing and reliable data storage are critical. The company's role in the market is significant as it empowers businesses to leverage big data capabilities without the traditional constraints of infrastructure maintenance or server management. Established in 2012 and headquartered in Bozeman, Montana, Snowflake continues to expand its influence by constantly innovating in the cloud data ecosystem.
Official SEC Documents
Advertisement