Technology
Price
$337.18
-5.41%Market Cap
$116.87B
Day High
$356.83
Day Low
$337.11
Snowflake reported strong 35% revenue growth in Q2 FY2027 to $1.55B and a narrowed net loss of $191.7M, but gross margin dipped and free cash flow was lower than the prior quarter as AI infrastructure costs rose.
Key risk: Limited visibility into future results due to consumption-based revenue model
Snowflake generally recognizes revenue based on customer consumption rather than ratably, and customers have flexibility in timing of consumption. This reduces visibility into future revenue and can cause actual results to differ materially from forecasts, especially as customers optimize usage in response to macro conditions.