SNOW · Snowflake Inc. · Investor Relations

Product revenue of $1.33 billion in the first quarter, representing 34% year-over-year growth Financial Highlights: Revenue of $1.39 billion in the first quarter, representing 33% year-over-year growth Net revenue retention rate of 126% 779 customers with trailing 12-month product revenue greater than $1 million, representing 29% year-over-year growth 813 Forbes Global 2000 customers Remaining performance obligations of $9.21 billion, representing 38% year-over-year growth Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its first quarter of fiscal 2027, ended April 30, 2026. Snowflake Q1 FY27 Infographic (Graphic: Snowflake) "Snowflake delivered a milestone quarter, with product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in our history,” said Sridhar Ramaswamy, CEO of Snowflake. “AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey. With

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced it will release its financial results for the first quarter of fiscal year 2027, which ended April 30, 2026, following the close of the U.S. markets on Wednesday, May 27, 2026. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 2 p.m. Pacific Time on May 27, 2026. Investors and participants may attend the call by dialing 1-800-330-6730 for domestic callers and 1-646-769-9500 for international callers (Access code: 222481). The call will also be webcast live on the Snowflake Investor Relations website . An audio replay of the conference call and webcast will be available two hours after its completion and will be accessible for 30 days on the Snowflake Investor Relations website . About Snowflake Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 13,300 customers

Snowflake will host its biggest and boldest user conference to date, including a keynote discussion with Anthropic’s Co-Founder and President Daniela Amodei, 500+ sessions, 200+ on-site partners, and new AI-powered immersive event experiences Anthropic Co-Founder and President Daniela Amodei to headline Snowflake Summit 26 alongside Snowflake CEO Sridhar Ramaswamy Global leaders across Accenture, Anthropic, Sanofi, Thomson Reuters, and Under Armour will unveil how Snowflake innovations are helping scale their AI systems 500+ sessions and 200+ partners will showcase how AI is being deployed and scaled across the enterprise Snowflake (NYSE: SNOW), the AI Data Cloud company, will host its largest-ever user conference, Snowflake Summit 26 , live in San Francisco from June 1-4, 2026. As enterprises rapidly shift from AI experimentation to real-world deployment, Snowflake Summit will showcase what it means to make AI real for business, bringing together the leaders shaping this next era and

Snowflake delivers agentic AI for both business users and builders on a single platform with Snowflake Intelligence and Cortex Code Snowflake Intelligence transforms how business users turn insights into action through a personalized, context-aware AI agent grounded in enterprise data Cortex Code enables builders to move faster from code to production with AI-powered development across systems, tools, or environments Leading enterprises like Capita, Logitech, Telenav, United Rentals, and Wolfspeed are moving AI from experimentation to production on Snowflake’s unified, governed platform Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced significant updates across Snowflake Intelligence and Cortex Code , advancing its vision to become the control plane for the agentic enterprise. As AI systems evolve from answering questions to taking action, these enhancements enable organizations to connect even more data sources, enterprise systems, and AI models with their trusted

Reaffirms Guidance for First Quarter and Full-Year of Fiscal 2027 Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced that Jonathan Beaulier (JB), a Snowflake veteran who has been instrumental in driving Snowflake’s growth since 2016, has been appointed as the company’s Chief Revenue Officer, effective March 31, 2026. In his new role, Beaulier will be responsible for Snowflake’s revenue and go-to-market teams, helping to lead Snowflake through its next chapter of growth. Mike Gannon, Snowflake’s current CRO, has decided to leave the company for personal reasons. “JB has been a key driver of our success for the past ten years, and has consistently proven his ability to deliver results at scale,” said Sridhar Ramaswamy, Snowflake’s Chief Executive Officer. “His trusted position in the sales team and with our customers, and his passion for driving change, makes him uniquely positioned to deliver aggressive growth during this transformational time in the market. I also want

Project SnowWork brings agentic intelligence directly to business users’ desktops to accelerate productivity and get work done faster Designed to orchestrate planning, analysis, and execution, Project SnowWork is an autonomous enterprise AI platform that helps business users accelerate everyday work Launching in research preview to a limited set of customers, Project SnowWork handles complex, multi-step tasks and delivers real, data-driven outcomes to business users Project SnowWork brings Snowflake's vision for the agentic enterprise to life, where enterprise data, intelligence, and action are connected in a governed way Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced the research preview of Project SnowWork , a new autonomous enterprise AI platform designed to help business users massively accelerate workflows. Acting as a proactive AI partner, Project SnowWork empowers individuals and teams across the business to simply ask for what they need and have Project

Findings underscore a turning point in AI adoption in healthcare, where achieving measurable efficiency and cost savings with AI depends on breaking down data silos across fragmented systems 85% of healthcare and public health agency leaders report that improving data sharing and interoperability is a higher priority today than it was two years ago as organizations scale AI and pursue broader operational and value-based care goals 77% of organizations have already invested or plan to invest in generative or agentic AI technologies, prioritizing high-impact use cases such as administrative workflow automation, clinical documentation, and revenue cycle operations More than half of respondents expect AI to deliver time savings of 10-50%, while 42% anticipate moderate cost savings as initiatives mature Snowflake (NYSE: SNOW), the AI Data Cloud company, in collaboration with Hakkoda , an IBM company, today released new research revealing that as healthcare organizations and public health

AI’s workforce impact is more nuanced than headlines suggest, with 77% of organizations reporting AI-driven job creation compared to 46% reporting job losses, and among those experiencing both, 69% say the net impact of AI on jobs has been positive AI is delivering strong returns — organizations report earning roughly $1.49 for every dollar invested — yet 96% still face significant challenges with data quality and quantity, employee skills, integration with legacy systems, and more, underscoring that measurable return on investments (ROI) does not eliminate operational and data hurdles Among early adopters, 92% report positive ROI, fueling plans to allocate 22% of technology budgets to AI as it becomes embedded in daily operations, with nearly half (48%) of all code now AI-generated Snowflake (NYSE: SNOW), the AI Data Cloud company, in collaboration with Omdia by Informa TechTarget, today released “ The ROI of Gen AI and Agents ”, a global research report surveying 2,050 business and