Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 12%+
Brody Ford / Bloomberg :
Bloomberg Brody Ford
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Discussion
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@fiscal_ai
@fiscal_ai
on x
Snowflake just reported the first acceleration of its net revenue retention rate in more than 3 years. Existing customers are spending 25% more with Snowflake each year. $SNOW [image]
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@jaminball
Jamin Ball
on x
Snowflake quarter: - $1,145m rev (+32% YoY) vs $1,084m consensus (6% beat) - $1,128m next Q product rev guidance vs $1,118m consensus (1% raise) - Raised full year guide 2% from last Q - 125% net dollar retention - 22 months GM adj. CAC payback - 68% GM - 5% FCF Margin $SNOW
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@davey_juice
@davey_juice
on x
Wow. $snow •Product revenue of $1.09 billion in the second quarter, representing 32% year-over-year growth •Net revenue retention rate of 125% •654 customers with trailing 12-month product revenue greater than $1 million •751 Forbes Global 2000 customers •Remaining [image]