Form 8-K · Current Report · Filed 2026-09-02
Snowflake Reports Strong Q2 2027 Financial Results and Raises Full-Year Guidance
Snowflake Inc. reported strong financial results for the second quarter of fiscal 2027, with product revenue of $1.49 billion, representing 37% year-over-year growth. The company also reported a net revenue retention rate of 126% and added 692 net new customers, including 14 net new Forbes Global 2000 customers. Snowflake raised its full-year product revenue guidance to $6.07 billion, representing 36% year-over-year growth. The company expects product revenue of $1.588 billion to $1.593 billion for the third quarter of fiscal 2027, representing 37% to 38% year-over-year growth.
- Filer
- Snowflake Inc. SNOW · NYSE
- Filed
- Accession
- 0001640147-26-000033
- CIK
- 0001640147
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
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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.
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