Snowflake's revamped AI-focused strategy and new product launches are driving strong revenue growth and improved margins, positioning the company well in the AI space. Q1 results showed 25.7% YoY revenue growth, robust RPO, and customer expansion, with management raising full-year product revenue guidance despite a tough macro environment. Margin expansion is gaining traction, with cost-cutting initiatives and AI-driven productivity improvements, though GAAP profitability remains a future goal.
Snowflake grew product revenue 26% YoY in Q1-FY26, with a revised FY26 revenue outlook of $4.325 billion. RPO surged 34% YoY to $6.7 billion, signaling strong multiyear demand across verticals. Net revenue retention rate of 124% reflects deep client expansion, including two new $100M+ financial services contracts in Q1.
SNOW launches Standard Warehouse Gen2 with up to 2.1X faster analytics and 1.9X faster execution, which is expected to fuel growth.
22 May 2025 Date | | 0.21 Cons. EPS | 0.24 EPS |
26 Feb 2025 Date | | 0.12 Cons. EPS | 0.3 EPS |
27 Nov 2024 Date | | 0.15 Cons. EPS | - EPS |
20 Nov 2024 Date | | 0.15 Cons. EPS | 0.2 EPS |
21 Aug 2024 Date | | 0.16 Cons. EPS | 0.18 EPS |
22 May 2025 Date | | 0.21 Cons. EPS | 0.24 EPS |
26 Feb 2025 Date | | 0.12 Cons. EPS | 0.3 EPS |
27 Nov 2024 Date | | 0.15 Cons. EPS | - EPS |
20 Nov 2024 Date | | 0.15 Cons. EPS | 0.2 EPS |
21 Aug 2024 Date | | 0.16 Cons. EPS | 0.18 EPS |
Software - Application Industry | Technology Sector | Mr. Sridhar Ramaswamy Ph.D. CEO | LSE Exchange | US8334451098 ISIN |
US Country | 7,834 Employees | - Last Dividend | - Last Split | 16 Sep 2020 IPO Date |
Snowflake Inc. specializes in providing a cloud-based data platform that caters to a variety of organizations both in the United States and internationally. Initially established as Snowflake Computing, Inc., the company underwent a name change to Snowflake Inc. in April 2019, signifying a broader focus and growth in its capabilities. Since its founding in 2012, Snowflake has set up its base in Bozeman, Montana, and has embarked on a mission to revolutionize the way businesses harness the power of their data. The core of Snowflake's offerings lies in its Data Cloud, a platform designed to enable the consolidation of data into a single source of truth. This approach not only facilitates profound business insights but also supports the development of data-driven applications and the sharing of data and data products across various entities.
Snowflake Inc.’s services center around its innovative Data Cloud platform, through which it offers several key solutions: