Snowflake Inc. Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million

Reuters

05-22

<a href="https://laohu8.com/S/SNOW">Snowflake</a> Inc. Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million

Snowflake Inc. reported its financial results for the first quarter of fiscal 2026, showcasing a strong performance with product revenue reaching $997 million, marking a 26% increase year-over-year. The company also highlighted remaining performance obligations totaling $6.7 billion. Snowflake's focus on enhancing its platform for ease of use and trusted enterprise-grade performance has contributed to its growth, gaining the trust of more than 11,000 customers. The product gross profit margin stood at 75%, while the operating income margin was reported at 8%. Additionally, Snowflake disclosed that its weighted-average shares used in computing net income per share attributable to its common stockholders-diluted amounted to 372 million for the period. The company emphasized its mission to empower enterprises through data and AI, seeing significant opportunity ahead as it extends its value throughout the data lifecycle.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snowflake Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250521451903) on May 21, 2025, and is solely responsible for the information contained therein.

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Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> Inc. Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Snowflake Inc. reported its financial results for the first quarter of fiscal 2026, showcasing a strong performance with product revenue reaching $997 million, marking a 26% increase year-over-year. The company also highlighted remaining performance obligations totaling $6.7 billion. 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Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-22 04:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> Inc. Reports $1.0 Billion Quarterly Revenue with 26% Growth, Product Revenue Hits $997 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Snowflake Inc. reported its financial results for the first quarter of fiscal 2026, showcasing a strong performance with product revenue reaching $997 million, marking a 26% increase year-over-year. The company also highlighted remaining performance obligations totaling $6.7 billion. Snowflake's focus on enhancing its platform for ease of use and trusted enterprise-grade performance has contributed to its growth, gaining the trust of more than 11,000 customers. The product gross profit margin stood at 75%, while the operating income margin was reported at 8%. Additionally, Snowflake disclosed that its weighted-average shares used in computing net income per share attributable to its common stockholders-diluted amounted to 372 million for the period. 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ID: 20250521451903) on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250521:nNDL3nWTnb:1","article_id":"2537956062","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537956062","pubTimestamp":1747857964,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Snowflake Inc. reported its financial results for the first quarter of fiscal 2026, showcasing a strong performance with product revenue reaching $997 million, marking a 26% increase year-over-year. 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