Strong Revenue Acceleration
Revenue grew 33.5% YoY to $1.39B in Q2 FY2026 (vs. $1.04B in Q2 FY2025), reflecting continued strong demand for Snowflake's cloud data platform and consumption-based model expansion across its customer base.
Snowflake Inc. is expected to release its Q3 2026 10-Q filing on August 25, 2026, after market close. Last quarter: Snowflake delivered strong 33.5% YoY revenue growth to $1.39B in Q2 FY2026 while meaningfully narrowing its operating loss by 27.1%, though the company remains unprofitable with a net loss of $295.6M and faces rising liabilities.
EPS Estimate
$0.46
Revenue Estimate
$1.51B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the SNOW page.
Drawn from management commentary in the Q2 2026 10-Q:
Revenue grew 33.5% YoY to $1.39B in Q2 FY2026 (vs. $1.04B in Q2 FY2025), reflecting continued strong demand for Snowflake's cloud data platform and consumption-based model expansion across its customer base.
Gross margin held nearly flat at 66.6% (vs. 66.5% prior year), demonstrating that Snowflake is scaling revenue without meaningful deterioration in unit economics despite significant infrastructure investment.
Operating loss narrowed by 27.1% YoY to -$326.2M from -$447.3M, driven by revenue outpacing expense growth — R&D grew only 13.2% YoY to $534.9M while revenue grew 33.5%, signaling improving operating leverage.
Revenue
$1.39B
++33.48% YoY
EPS (Basic)
$-0.86
++33.33% YoY
Gross Margin
66.6%
++0.08% YoY
Operating Income
$-326.15M
++27.08% YoY
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