Snowflake's Contracted Backlog Surges as AI Adoption Drives Growth

Snowflake reported a $9.21 billion contracted backlog for Q1 FY27, up 38% year-over-year and outpacing revenue growth. The company raised its product revenue guidance to $5.84 billion due to increased adoption of AI capabilities and a major AWS deal.

By Chris MacDonald Tue, July 7, 2026 at 6:30 PM GMT+3 4 min read · Yahoo Finance · July 7, 2026, 15:30 UTC

Snowflake's Contracted Backlog Surges as AI Adoption Drives Growth

Tickers: $NVDA $SNOW

Topics: AI adoption contracted backlog revenue growth Snowflake

Read the full article at Yahoo Finance

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