The strong revenue growth, high net revenue retention rate, and improved profitability guidance suggest Snowflake is gaining market share in the data cloud and AI space. Traders should monitor whether the company can maintain this growth trajectory and expand margins as guided.
Price Chart
Executive Summary
Snowflake reported strong Q4 fiscal 2026 results with $1.28 billion in revenue, up 30% year-over-year, driven by 30% growth in product revenue. The company achieved a 125% net revenue retention rate and raised full-year fiscal 2027 revenue guidance to $5.66 billion, representing 27% growth. Non-GAAP operating margin is expected to improve to 12.5%.
Key Financial Metrics
Key Facts
- Q4 revenue of $1.28 billion, up 30% year-over-year
- Product revenue of $1.23 billion, up 30% year-over-year
- Net revenue retention rate of 125%
- 733 customers with trailing 12-month product revenue > $1 million, up 27% YoY
- 740 net new customer additions, up 40% YoY
- Remaining performance obligations of $9.77 billion, up 42% YoY
- Raised full-year fiscal 2027 revenue guidance to $5.66 billion (27% growth)
- Non-GAAP operating margin guidance of 12.5% for fiscal 2027
Financial Impact
Revenue growth of 30% YoY in Q4 and 29% for full-year 2026, with guidance for 27% growth in fiscal 2027. Non-GAAP operating margin expected to improve from 10% in fiscal 2026 to 12.5% in fiscal 2027.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Product | $4.5B | +29.0% |
Risk Factors
- Competition in the data cloud and AI space could intensify
- Macroeconomic conditions could impact enterprise spending on cloud services
- Execution risk in integrating recent acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-011631 |
| Document: snow-20260225.htm | 0001628280-26-011631 |
| Document: 0001628280-26-011631-index-headers.html | 0001628280-26-011631 |
| Document: 0001628280-26-011631-index.html | 0001628280-26-011631 |
| Document: 0001628280-26-011631.txt | 0001628280-26-011631 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $343.77 (−3.85%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $343.77 (+4.49%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $343.77 (−1.95%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $343.77 (−3.56%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $343.77 (+3.72%) |
US Market Status
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