AlphAIAlphAI — Financial news for AI agents
fool.comSEP 93 min read$SNOW

Snowflake (SNOW) Q2 2027 Earnings Call Transcript

Snowflake (SNOW) reported Q2 2027 revenue of $1.55B, up 35% YoY, with product revenue growing 37%. Net revenue retention was 126%, and remaining performance obligations grew 30% YoY. The company raised full-year product revenue guidance to $6.07B and increased non-GAAP operating margin guidance to 14.5%. AI workloads contributed to revenue growth but may impact gross margins. Cash position stood at $4.3B.

Original reporting
fool.com
Published Sep 9, 2026, 10:00 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 9, 2026, 10:35 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
Snowflake (SNOW) Q2 2027 Earnings Call Transcript — source image
Source · fool.com
Decision brief

The 30-second read

$SNOWBullishHigh
01

Why it matters

The earnings beat and raised guidance are likely to drive short‑term buying interest, while margin pressure from AI workloads may introduce caution.

02

Market read

Snowflake's strong growth and guidance lift the broader cloud and AI data platform narrative.

03

What to watch

Potential headwinds from higher cloud costs and reliance on Q4 bookings could temper upside.

Relevance 9/10Novelty 9/10Timing: after-hours release

Background

Snowflake's Q2 FY27 earnings call provides the first public disclosure of its quarterly results and updated guidance.

Company-level read

Ticker impact

$SNOWBullishHigh confidence
Context

Snowflake reported Q2 FY27 product revenue of $1.49B (+37% YoY) and raised full-year product revenue guidance to $6.07B, indicating strong growth and AI-driven demand.

Expected impact

potential price appreciation in the near term

Evidence & confidence

Revenue growth acceleration, higher guidance, and expanding margins provide a clear catalyst for buying pressure.

Market effects

Sector

strengthens outlook for cloud data‑warehousing and AI‑enabled analytics sector

Regional

supports US tech equities momentum

Global

reinforces global demand for AI‑driven data platforms

Counterpoint

What could challenge this read

Margin expansion may be offset by lower AI workload contribution margins and seasonal RPO weighting toward Q4.

Key entities

  • Executive
    Sridhar Ramaswamy

    Chief Executive Officer of Snowflake

  • Executive
    Brian G. Robins

    Chief Financial Officer of Snowflake

Read at source← All news

Related articles

SEP 16
$SNOWHighAI 8/10

Snowflake CFO Says AI Adoption Fuels Growth, Eyes GAAP Profitability in 2027

Snowflake Inc. reports AI adoption is driving growth, with 9,100 accounts using CoCo and 5,000 using CoWork. CFO Brian Robins attributes recent outperformance to AI products, which now account for about half of it. The company raised its full-year growth guidance to 36% from 31%. Snowflake aims for GAAP profitability in Q4 2027, targeting this through operating leverage and productivity gains, not by cutting investments. The company has added 330 employees year to date, down from 940 in the prio

yahoo.com2 min
SEP 13
$SNOWHighAI 9/10

Snowflake (SNOW) Is Growing Faster Now Than It Was A Year Ago

Snowflake (SNOW) reported Q2 fiscal 2027 results with product revenue of $1.49B, up 37% YoY, and total revenue of $1.55B, up 35% YoY. Growth accelerated due to AI-driven demand, with net revenue retention at 126%. The company raised full-year product revenue guidance to $6.07B and adjusted operating margin guidance to 14.5%. AI workloads, while driving growth, have lower margins, with non-GAAP product gross margin at 74.7%.

yahoo.com2 min
SEP 11
$SNOWMedAI 8/10

Snowflake Unveils the Blueprint for the Agentic Enterprises at Snowflake World Tour Bengaluru 2026

Snowflake held its World Tour in Bengaluru, showcasing AI adoption and enterprise deployment. The company reported Q2 FY27 product revenue of $1.49B, up 37% YoY, and raised full-year guidance to $6.07B. Snowflake emphasized its role as the control plane for Agentic Enterprises, enabling secure, governed AI deployment. Swiggy shared its use of Snowflake's platform for data-driven decisions. Awards were given to partners and customers for AI and data innovation.

cxotoday.com2 min