Snowflake (NYSE: SNOW) — Q2 FY2027 Post Earnings

Snowflake nyse q2 27 post earnings

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↑ 37%

CoCo

🟢 Scaling

CoWork

🟢 Scaling

Key Financial Metrics

Gross Margin 70.90% -0.8 pp YoY
Backlog / Revenue N/A
CapEx Intensity 0.49% 0.00x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.