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Story summary
- Snowflake will announce its FY2027 Q1 earnings on May 27, 2026 after market close.
- The company guided product revenue to $1.262-$1.267 billion, a 27% year-over-year increase.
- AI revenue run rate exceeded $100 million in Q4 2026 and is expected to grow 31% YoY in 2026.
- Net revenue retention hit 125% in Q4 2026.
- Snowflake serves over 13,300 customers, including 733 that spend more than $1 million annually.
