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Snowflake SNOW Q2 2027 earnings

Reported September 2, 2026 · After market close

Revenue$1.5BBeat by $63.6MDiluted EPS-$0.55
Revenue estimate$1.5B
“Snowflake delivered another strong quarter, with product revenue of $1.49 billion, up 37% year-over-year, as Snowflake continues to power the enterprise AI revolution. AI continues to compound our advantages, creating a flywheel effect across the business. CoWork and CoCo are driving transformational outcomes for our customers, while fueling rapid adoption, user growth, new workloads, and overall platform consumption. Our rapid pace of innovation, tight go-to-market execution, and operational discipline position us well to capture the opportunity ahead. The Agentic Enterprise runs on Snowflake, and we're just getting started.”
Sridhar Ramaswamy

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Date not yet announced

Financials

Q2 2027

Income statement

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Revenue$1.5B+35.1%
Gross profit$1.0B+34.1%
Operating income-$263.0M+22.7%
Net income-$191.7M+35.7%
EPS (diluted)-$0.55+38.2%

Balance sheet

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Cash & equivalents$1.7B-12.9%
Total debt$479.8M+15.2%
Total equity$2.1B-9.4%
Total assets$8.7B+6.0%

Cash flow

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Operating cash flow$91.4M+22.0%
CapEx-$7.6M-145%
Free cash flow$83.8M+43.9%

Valuation & ratios

Valuation

as of 09/01/26
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Market cap$114.87B+47.4%
Enterprise value$113.65B+48.8%
P/S21.1×+2.2×

Profitability

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Gross margin67%+0.4pp
Operating margin-22.8%-6.4pp
Net margin-20.1%-5.7pp
FCF margin22%+3.7pp

Returns & leverage

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Return on equity-48.2%+7.6pp
Debt / equity0.2×0.0×
Current ratio0.9×-0.5×

Segments

By product

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Professional services and other revenue$54.9M+0.8%

FAQ

When did Snowflake report Q2 2027 earnings?
Snowflake (SNOW) reported Q2 2027 earnings on September 2, 2026 after market close.
What were Snowflake's Q2 2027 revenue and EPS?
Snowflake reported revenue of $1.5B and diluted eps of $-0.55 for Q2 2027.
Did Snowflake beat estimates in Q2 2027?
Revenue beat the consensus estimate of $1.5B by $63.6M.
How did Snowflake's Q2 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.1% from $1.1B a year earlier.
Where can I find Snowflake's Q2 2027 SEC filings?
You can read the 8-K earnings release (0001640147-26-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.