Deep Dive: Snowflake (SNOW) – Data Cloud Growth vs Profitability Risks
Executive summary Summary fundamentals Detailed fundamental analysis Revenue trends Snowflake’s product revenue accelerated to $1.0905 billion in Q2 FY2026, a 32% year-over-year increase that outperformed guidance and consensus. The growth is concentrated in product consumption-compute, storage and data transfer-reflecting enterprise migration of AI workloads and data modernization projects. Management reported 654 customers with trailing-12-month product…
