Snowflake Q2 Revenue Jumps 32 Percent

Snowflake (NYSE:SNOW) reported second quarter fiscal 2026 earnings on August 27, 2025, posting product revenue of $1.09 billion, up 32% year-over-year, non-GAAP operating margin of 11%, and net revenue retention of 125%. Management raised fiscal 2026 guidance, now expecting 27% product revenue growth. Key insights focus on AI-driven product momentum, strategic cloud partnerships, and accelerating customer acquisitions impacting Snowflake’s long-term positioning.AI influenced nearly 50% of new logos won, with Snowflake AI components powering 25% of all deployed use cases and over 6,100 customer accounts using Snowflake AI weekly—a robust sequential increase. Management emphasized that AI integration is accelerating both customer acquisition and usage expansion as enterprise clients increasingly seek unified platforms for analytics and advanced AI workloads.The consumption-based business model enables Snowflake to organically scale AI monetization without requiring heavy upfront sales investment, allowing broader and faster proliferation of AI workloads that deepen customer entrenchment and revenue potential over the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool