Snowflake Provides FY2027 Product Revenue Guidance of $6.07 Billion with AI-Driven Growth
Snowflake (SNOW) reported strong product revenue performance for Q2 fiscal 2027, reaching $1.49 billion and growing at a year-over-year rate of 37%. This marks the second consecutive quarter where Snowflake achieved record sequential dollar growth in its product segment. The company attributed this acceleration to an increasing mix of AI-related offerings within its portfolio. Snowflake also provided forward-looking guidance for FY2027, forecasting total product revenue of $6.07 billion and a non-GAAP operating margin of 14.5%. These projections highlight the growing contribution from Snowflake’s data cloud platform as it continues to expand into AI-driven analytics solutions. The results reflect strong demand in enterprise data management and analytics markets, with investors likely viewing this performance positively due to its implications for long-term growth potential.
Tickers: $SNOW
Topics: Earnings Product Revenue Revenue Growth