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Friday 30 October 2026 Export SNOW’s income statement to Excel — free account

Snowflake Inc.

SNOW Technology Software Application

Snowflake Inc.’s revenue for fiscal 2026 (year ended January 2026) was $4.7 billion, up 29.2% from fiscal 2025. In the quarter to July 2026, revenue grew 35.1%, EPS grew 38.2%, free cash flow grew 47.2% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

306.20 24.07 −7.29%
Market cap
$116.5B
P/E
0.0×
Fwd P/E
−128×
Dividend yield
—
F-score
6/9
Altman Z
4.13
Beneish M
−3.50
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Snowflake Inc. (SNOW) Earnings & Analysis

Updated · Covers results through Q2 FY2027 · How this is made

Latest quarter

Snowflake reported Q2 FY2027 revenue of $1.5 billion, exceeding the consensus by 4.91% even though the reported and consensus figures both round to $1.5 billion. Adjusted earnings per share were $0.62, above the consensus estimate of $0.45.

Revenue rose 35.1% from $1.1 billion a year earlier. In its filing, Snowflake attributed the increase in product revenue primarily to existing customers consuming more of its platform. The company said it recognizes revenue as customers use compute, storage and data transfer resources.

Snowflake reported a diluted loss per share of −$0.55, compared with a loss of −$0.89 a year earlier. Gross margin slipped to 67.0% from 67.5%, while operating margin moved to −17.0% from −29.7%. The filing attributed a decline in product gross margin primarily to costs for newer capabilities that had not yet reached economies of scale. Free cash flow rose to $83.8 million from $56.9 million.

Q2 FY2027 Q2 FY2026 Change
Revenue $1.5 billion $1.1 billion 35.1%
Diluted EPS −$0.55 −$0.89 —
Gross margin 67.0% 67.5% −0.5 percentage points
Operating margin −17.0% −29.7% 12.7 percentage points
Free cash flow $83.8 million $56.9 million 47.2%
Against the consensus Reported Consensus Result
Adjusted EPS $0.62 $0.45 Beat by 37.8%
Revenue $1.5 billion $1.5 billion Beat by 4.91%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Snowflake’s latest earnings call was not available, so its management commentary on the quarter cannot be reported here.

Guidance

In the outlook accompanying its quarterly results, Snowflake raised its product revenue forecast for fiscal 2027 to $6.1 billion from its previous guidance. The company also raised its forecast for fiscal 2027 non-GAAP operating margin to 14.5% from its previous outlook.

Metric For Guide Previous guide Change
Free cash flow growth, Non Gaap Adjusted Margin FY2027 23.0% — New
Operating margin, non-GAAP FY2027 14.5% — New
Gross margin, Product Non Gaap FY2027 74.0% — New
Revenue, Product FY2027 $6.1 billion — New
Operating margin, non-GAAP Q3 FY2027 15.5% — New
Revenue, Product Q3 FY2027 $1.6 billion–$1.6 billion — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.