Snowflake (NYSE: SNOW) Reports 35% Revenue Increase to $1.55B, Raises Full-Year Product Growth Forecast to 36%

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  "detected_at": "2026-09-03T13:40:00+00:00",
  "company": {
    "name": "Snowflake",
    "domain": "snowflake.com"
  },
  "data": {
    "url": "https://kalkinemedia.com/us/news/announcements/snowflake-nyse-snow-reports-35-revenue-increase-to-155b-raises-full-year-product-growth-forecast-to-36",
    "title": "Snowflake (NYSE: SNOW) Reports 35% Revenue Increase to $1.55B, Raises Full-Year Product Growth Forecast to 36% - Kalkine Media",
    "excerpt": "Recent News Bioventus (NASDAQ:BVS) Gains As Healthcare Demand Supports Growth Salesforce (NYSE:CRM) Gains Momentum As AI Adoption Accelerates Lockheed Martin (NYSE:LMT) Faces Pressure Despite Earnings Beat NetApp (NASDAQ:NTAP) Earnings Beat Meets Cash Flow Concerns Make Kalkine Media My Trusted Source Snowflake Inc. (NYSE:SNOW) SNOW (NYSE:SNOW) posted $1.55 billion in revenue for the second quarter of fiscal 2027, marking a 35% year-over-year increase, with product revenue up 37% to $1.49 billion. The company elevated its full-year product revenue growth guidance to 36%, supported by a 126% net revenue retention rate and $9.00 billion in remaining performance obligations. Key Highlights In fiscal Q2 2027, Snowflake’s revenue hit $1.55 billion, up 35% from the previous year, with product revenue increasing 37% to $1.49 billion. The company maintained a strong net revenue retention of 126%, while remaining performance obligations rose 30% year-over-year to $9.00 billion. Gross Profit and Cash Flow GAAP Operating Income showed a loss of ($263.0) million, representing a negative 17.0% margin. Core Platform and AI Revenue Growth The CFO highlighted that product revenue growth was fueled by robust demand for Snowflake’s core data platform and a significant rise in AI-related revenue. CoCo accounts grew to over 9,100, adding more than 2,000 accounts during the quarter, while CoWork...",
    "summary": "Snowflake introduced over 330 new product capabilities into general availability during the first half of fiscal 2027, a 35% increase year-over-year.",
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    "image_url": "https://kalkinemedia.com/storage/uploads/original/shutterstock_2765269355_07_02_2026_23_45_45_484072.jpg",
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    "published_at": "2026-09-03T13:40:00Z",
    "article_sentence": "During the first half of fiscal 2027, Snowflake introduced over 330 new product capabilities into general availability, a 35% increase year-over-year."
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