Snowflake Reports Financial Results for the Second Quarter of Fiscal 2027 – Company Announcement

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    "url": "https://markets.ft.com/data/announce/detail?dockey=600-202609021605BIZWIRE_USPRX____20260902_BW386235-1",
    "title": "Snowflake Reports Financial Results for the Second Quarter of Fiscal 2027 – Company Announcement - markets.ft.com",
    "excerpt": "Product revenue of $1.49 billion in the second quarter, representing 37% year-over-year growth Financial Highlights: MENLO PARK, Calif. --(BUSINESS WIRE)--Sep. 2, 2026-- Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its second quarter of fiscal 2027, ended July 31, 2026 . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260902386235/en/ Snowflake Q2 FY27 Infographic (Graphic: Snowflake ) \" Snowflake delivered another strong quarter, with product revenue of $1.49 billion , up 37% year-over-year, as Snowflake continues to power the enterprise AI revolution,” said Sridhar Ramaswamy , CEO of Snowflake . “AI continues to compound our advantages, creating a flywheel effect across the business. CoWork and CoCo are driving transformational outcomes for our customers, while fueling rapid adoption, user growth, new workloads, and overall platform consumption. Our rapid pace of innovation, tight go-to-market execution, and operational discipline position us well to capture the opportunity ahead. The Agentic Enterprise runs on Snowflake , and we're just getting started.\" “Q2 marks our third consecutive quarter of product revenue growth acceleration, driven by strength in both our core data platform and a meaningful step-up in AI revenue,” said Brian Robins , CFO of Snowflake...",
    "summary": "Snowflake reported product revenue of $1.49 billion for the second quarter of fiscal 2027, a 37% increase year-over-year.",
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