🔹 EPS $0.30 (Est. $0.18) 🟢
🔹 Revenue: $986.8M (Est. $957.09M) 🟢; UP +27% YoY
🔹 Product Revenue: $943.3M; UP +28% YoY
🔹 Net Revenue Retention Rate: 126%
Q1'26 Guidance:
🔹 Product Revenue: $955M-$960M; UP +21-22% YoY
🔹 Adj. Operating Margin: 5%
Segment & Key Metrics:
🔹 Remaining Performance Obligations: $6.9B; UP +33% YoY
🔹 Customers with $1M+ in Trailing 12M Product Revenue: 580; UP +27% YoY
🔹 Forbes Global 2000 Customers: 745; UP +5% YoY
Financial Performance:
🔹 Adj. Product Gross Profit: $715.3M; 76% Margin
🔹 Adj. Operating Income: $92.8M; 9% Margin
🔹 Adj. Free Cash Flow: $423.1M; 43% Margin
Strategic & Business Updates:
🔸 Expanded Partnership with Microsoft to integrate OpenAI models into Snowflake Cortex AI
🔸 New AI Capabilities: Enables customers to deploy OpenAI models within Snowflake’s secure environment
CEO Sridhar Ramaswamy's Commentary:
🔸 “We delivered another strong quarter, with product revenue of $943M, up 28% YoY. Snowflake is the most consequential data and AI company in the world, with over 11,000 customers betting their business on our platform. We see tremendous opportunities ahead to support customers across their data lifecycle.”