Snowflake reported Q4 FY2026 results with revenue of USD 1.28 billion (+30%) and product revenue of USD 1.23 billion (+30%). The company posted a GAAP operating loss of USD 318.2 million and a GAAP net loss of USD 309.6 million, while non-GAAP operating income was USD 139.2 million (11% margin). Net revenue retention was 125%, with remaining performance obligations of USD 9.77 billion (+42%). Snowflake added 740 net new customers (+40%) and ended the period with 733 customers generating more than USD 1 million in trailing 12-month product revenue (+27%). For FY2026, Snowflake reported total revenue of USD 4.68 billion and product revenue of USD 4.47 billion (+29%), with GAAP operating loss of USD 1.44 billion and GAAP net loss of USD 1.33 billion; non-GAAP operating income was USD 489.7 million (10% margin). The company guided for Q1 FY2027 product revenue of USD 1.262 billion to USD 1.267 billion (+27%) and FY2027 product revenue of USD 5.66 billion (+27%), alongside a FY2027 non-GAAP product gross margin of 75% and non-GAAP operating margin of 12.5%. Business highlights included AI adoption across more than 9,100 accounts using Snowflake AI features and nearly 2,500 accounts adopting Snowflake Intelligence within 3 months. Snowflake said it introduced 430+ new capabilities in FY2026, expanded foundation model partnerships with Anthropic, Google Cloud, and OpenAI, and completed acquisitions including Observe by Snowflake and TensorStax to extend observability and AI-driven data engineering capabilities.

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