📢 Snowflake Q2 Earnings Call 2026 | $SNOW
🔍 Snowflake Inc. reported financial results for the second quarter after the market close on Wednesday, Aug. 27.
The AI data cloud company posted revenue of $1.14 billion, topping analyst estimates of $1.09 billion, according to Benzinga Pro. Adjusted earnings came in at $0.35 per share, above expectations of $0.27 per share.
Total revenue rose 32% year-over-year, with product revenue also up 32% at $1.09 billion. Snowflake ended the quarter with 654 customers generating more than $1M in product revenue over the trailing 12 months, and reported remaining performance obligations of $6.9 billion.
Looking ahead, Snowflake sees Q3 product revenue in the range of $1.125B–$1.13B, and raised its full-year product revenue outlook to $4.395B, representing 27% YoY growth.
Snowflake shares surged 15% to $223.43 following the report.
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