Snowflake's Q4 product revenue rises 30% after customer expansion

Reuters
02/26
<a href="https://laohu8.com/S/SNOW">Snowflake</a>'s Q4 product revenue rises 30% after customer expansion

Overview

  • AI Data Cloud firm's fiscal Q4 product revenue grew 30% yr/yr

  • Company added 740 net new customers, up 40% yr/yr

  • Remaining performance obligations rose 42% yr/yr to $9.77 bln

Outlook

  • Snowflake expects first-quarter product revenue between $1.262 bln and $1.267 bln

  • Company sees full-year fiscal 2027 product revenue at $5.66 bln

Result Drivers

  • CUSTOMER EXPANSION - Snowflake added 740 net new customers, representing a 40% year-over-year increase, and deepened engagement with existing customers

Company press release: ID:nBwblJPwca

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Product Revenue

$1.23 bln

Q4 Operating Income

-$318.20 mln

Q4 Product Gross Profit

$874.70 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 43 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Snowflake Inc is $270.00, about 67.6% above its February 24 closing price of $161.06

  • The stock recently traded at 104 times the next 12-month earnings vs. a P/E of 180 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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