Operations
As of September 3, 2026
Q2 Revenue
↑ 35% YoY
$1.55B
Divisions
Product
96.4%
Professional Services and Other
3.6%
Key Earnings Driver: CoCo and CoWork
Product revenue increased 37% year over year to $1.49B. Management attributed Product revenue growth acceleration to core data platform strength and a step up in AI revenue, with CoCo surpassing 9,100 accounts and CoWork expanding to 5,800 accounts. Professional Services and Other revenue increased 1% to $54.9M.
Key Operating Metrics¹
METRIC
STATUS
Product
🟢 Scaling
↳ CoCo
🟢 Scaling
↳ CoWork
🟢 Scaling
Key Financial Metrics
Gross Margin
70.90%
+2.9 pp YoY
Backlog / Rev.
N/A
CapEx Intensity
1.08%
0.01x Revenue
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Snowflake website and/or SEC filings for Q2, with status based on reported data.