Snowflake (SNOW) official guidance
Snowflake (SNOW) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteSNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 maintainedearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC23%maintained
We are reiterating our full-year non-GAAP adjusted free cash flow margin guide of 23%.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC23%maintained
•Non-GAAP adjusted free cash flow margin2 of 23.0%
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
2026-05-28 04:00:58 UTC23%maintained
We are reiterating our non-GAAP adjusted free cash flow margin guide of 23%.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC23%maintained
Non-GAAP adjusted free cash flow margin2 of 23.0%
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-02-26 05:01:07 UTC23%maintained
We expect non-GAAP adjusted free cash flow margin of 23%.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC23%new
| Non-GAAP adjusted free cash flow(1) | | | | | 23.0 | % |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
SNOWSnowflake Inc.Q4 FY2028 · ends 2028-01-31
1 metric1 newearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTCGAAP profitabilitynew
We remain on track for GAAP profitability in Q4 fiscal 2028, and the operating leverage we build along the way strengthens the durability of that outcome.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
2 metrics2 maintainedearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC74%maintained
Turning to margins, for FY 2027, we now expect 74% non-GAAP product gross margin.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC74%lowered -1.3%
•Non-GAAP product gross margin2 of 74.0%
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
2026-05-28 04:00:58 UTC75%maintained
Turning to margins, we expect 75% non-GAAP product gross margin for FY 2027.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC75%maintained
Non-GAAP product gross margin2 of 75.0%
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-02-26 05:01:07 UTC75%maintained
We expect FY 2027 non-GAAP product gross margin of 75%.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC75%new
| Non-GAAP product gross profit(1) | | | | | 75.0 | % |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
2026-09-03 04:00:54 UTC14.5%maintained
We are increasing our FY 2027 non-GAAP operating margin guidance from 13.5% to 14.5%.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC14.5%raised +7.4%
•Non-GAAP operating margin2 of 14.5%, up from previous guidance of 13.5%
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
2026-05-28 04:00:58 UTC13.5%maintained
We expect Q2 non-GAAP operating margin at 12.5%, and we are increasing our full-year non-GAAP operating margin guidance from 12.5% to 13.5%.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC13.5%raised +8.0%
Non-GAAP operating margin2 of 13.5%, up from previous guidance of 12.5%
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-02-26 05:01:07 UTC12.5%maintained
We're guiding Q1 non-GAAP operating margin of 9% and FY 2027 non-GAAP operating margin of 12.5%.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC12.5%new
| Non-GAAP operating income(1) | | | 9.0 | % | | 12.5 | % |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
SNOWSnowflake Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC15.5%maintained
For Q3, we expect non-GAAP operating margin of 15.5%.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC15.5%new
•Non-GAAP operating margin2 of 15.5%
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
SNOWSnowflake Inc.Q2 FY2028 · ends 2027-07-31
1 metric1 newearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC54%new
Of the $9 billion RPO, we expect approximately 54% to be recognized as revenue in the next 12 months.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 maintainedearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC$6.1Bmaintained
For FY 2027, we now expect product revenue of $6.07 billion, representing 36% year-over-year growth.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC$6.1Braised +3.9%
•Product revenue of $6,070 million, representing 36% year-over-year growth, up from previous guidance of $5,840 million, or 31% year-over-year growth
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
2026-05-28 04:00:58 UTC$5.8Bmaintained
For FY 2027, we now expect product revenue of $5.84 billion, representing 31% year-over-year growth.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC$5.8Braised +3.2%
Product revenue of $5,840 million, representing 31% year-over-year growth, up from previous guidance of $5,660 million, or 27% year-over-year growth
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-02-26 05:01:07 UTC$5.7Bmaintained
For FY 2027, we expect product revenue of approximately $5.66 billion, representing 27% year-over-year growth.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC$5.7Bnew
| Product revenue | $1,262 - $1,267 | 27 | % | $5,660 | 27 | % |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
SNOWSnowflake Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-09-03 04:00:54 UTC
2026-09-03 04:00:54 UTC$1.6B – $1.6Bmaintained
In Q3, we expect product revenue between $1.588 billion and $1.593 billion, representing 37%-38% year-over-year growth.
SNOW · transcript · Q2 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:09:05 UTC$1.6B – $1.6Bnew
•Product revenue of $1,588 million to $1,593 million, representing 37% to 38% year-over-year growth
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 raisedearnings release · 2026-09-02 20:09:05 UTC
2026-09-02 20:09:05 UTC380Mraised +1.1%
•Non-GAAP weighted-average shares used in computing net income per share attributable to common stockholders—diluted2,3 of 380 million
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
2026-05-27 20:08:23 UTC376Mmaintained
Non-GAAP weighted-average shares used in computing net income per share attributable to common stockholders—diluted2,3,4 of 376 million
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-02-25 21:08:40 UTC376Mnew
| Non-GAAP weighted-average shares used in computing net income per share attributable to Snowflake Inc. common stockholders—diluted(1)(2) | 374 | | | 376 | | |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
SNOWSnowflake Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings release · 2026-09-02 20:09:05 UTC
2026-09-02 20:09:05 UTC382Mnew
•Non-GAAP weighted-average shares used in computing net income per share attributable to common stockholders—diluted2,3 of 382 million
SNOW · EX-99.1 · Q2 FY2027
2026-09-02 20:08:29 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metricearnings call · 2026-05-28 04:00:58 UTC
2026-05-28 04:00:58 UTCincreasingly weighted towards the fourth quarter
We continue to see customers favor Q4 renewals. As a result, we expect bookings to be increasingly weighted towards the fourth quarter.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-02-26 05:01:07 UTCcontinue to be weighted to the fourth quarternew
As in prior years, we expect our bookings will continue to be weighted to the fourth quarter, and we expect next year's non-GAAP adjusted free cash flow seasonality to mirror FY 2026.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
SNOWSnowflake Inc.Q2 FY2027 · ends 2026-07-31
2 metrics2 maintainedearnings call · 2026-05-28 04:00:58 UTC
2026-05-28 04:00:58 UTC12.5%maintained
We expect Q2 non-GAAP operating margin at 12.5%, and we are increasing our full-year non-GAAP operating margin guidance from 12.5% to 13.5%.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC12.5%new
Non-GAAP operating margin2 of 12.5%
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
2026-05-28 04:00:58 UTC$1.4B – $1.4Bmaintained
In Q2, we expect product revenue between $1.415 billion and $1.42 billion, representing 30% year-over-year growth.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:08:23 UTC$1.4B – $1.4Bnew
Product revenue of $1,415 million to $1,420 million, representing 30% year-over-year growth
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 maintainedearnings call · 2026-05-28 04:00:58 UTC
2026-05-28 04:00:58 UTC1%maintained1% vs FY2026
Observe contributed less than one percentage point of product revenue growth in Q1, and we continue to expect the acquisition to add approximately one percentage point of product revenue growth for the full-year.
SNOW · transcript · Q1 FY2027
2026-05-28 04:00:00 UTCOpen source
2026-02-26 05:01:07 UTC1%new
We expect Observe to contribute approximately one percentage point of product revenue growth in FY 2027.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
SNOWSnowflake Inc.Q2 FY2027 · ends 2026-07-31
1 metric1 newearnings release · 2026-05-27 20:08:23 UTC
2026-05-27 20:08:23 UTC375Mnew
Non-GAAP weighted-average shares used in computing net income per share attributable to common stockholders—diluted2,3,4 of 375 million
SNOW · EX-99.1 · Q1 FY2027
2026-05-27 20:07:20 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 newearnings call · 2026-02-26 05:01:07 UTC
2026-02-26 05:01:07 UTCmirror FY 2026new
As in prior years, we expect our bookings will continue to be weighted to the fourth quarter, and we expect next year's non-GAAP adjusted free cash flow seasonality to mirror FY 2026.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
SNOWSnowflake Inc.Q1 FY2027 · ends 2026-04-30
2 metrics2 maintainedearnings call · 2026-02-26 05:01:07 UTC
2026-02-26 05:01:07 UTC9%maintained
We're guiding Q1 non-GAAP operating margin of 9% and FY 2027 non-GAAP operating margin of 12.5%.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC9%new
| Non-GAAP operating income(1) | | 9.0 | % | | | |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
2026-02-26 05:01:07 UTC$1.3B – $1.3Bmaintained
In Q1, we expect product revenue between $1.262 billion and $1.267 billion, representing 27% year-over-year growth.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:08:40 UTC$1.3B – $1.3Bnew
| Product revenue | $1,262 - $1,267 | 27 | % | |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source
SNOWSnowflake Inc.FY2027 · ends 2027-01-31
1 metric1 newearnings call · 2026-02-26 05:01:07 UTC
2026-02-26 05:01:07 UTC27%new
We expect it to further decrease to 27% of revenue in fiscal 2027.
SNOW · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
SNOWSnowflake Inc.Q1 FY2027 · ends 2026-04-30
1 metric1 newearnings release · 2026-02-25 21:08:40 UTC
2026-02-25 21:08:40 UTC374Mnew
| Non-GAAP weighted-average shares used in computing net income per share attributable to Snowflake Inc. common stockholders—diluted(1)(2) | 374 | | | 376 | | |
SNOW · EX-99.1 · Q4 FY2026
2026-02-25 21:07:39 UTCOpen source