Earnings call briefFiscal second-quarter 2027
Snowflake raises fiscal 2027 product revenue outlook to $6.07 billion
Snowflake also now expects a 74% non-GAAP product gross margin for fiscal 2027, which includes a higher mix of AI workloads.
GetSignal Snowflake SNOW
Snowflake said on its fiscal second-quarter call that it now expects fiscal 2027 product revenue of $6.07 billion, up 36% year over year, including approximately 1 percentage point of growth from Observe. It also expects fiscal third-quarter product revenue of $1.588 billion to $1.593 billion, up 37% to 38% year over year. Snowflake said it now expects fiscal 2027 non-GAAP operating margin of 14.5%, up from 13.5%.
Quotes from the call
“For FY 2027, we now expect product revenue of $6.07 billion representing 36% year over year growth.”
“In Q3, we expect product revenue between $1.588 and $1.593 billion representing 37% to 38% year over year growth.”
Key facts from the call
- Fiscal 2027 product revenue outlook
- $6.07 billion, up 36% year over year
- Fiscal third-quarter product revenue outlook
- $1.588 billion to $1.593 billion, up 37% to 38% year over year
- Fiscal 2027 non-GAAP product gross margin outlook
- 74%
- Fiscal 2027 non-GAAP operating margin outlook
- 14.5%, up from 13.5%
Source: Snowflake's fiscal second-quarter 2027 earnings call, September 2, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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