Back to today’s briefing

Story perspectives

Snowflake Shares Jump 20% After Fiscal 2027 Q2 Results

9/7/2026

23 3 Full Breakdown

Summary

Story summary

Snowflake posted fiscal 2027 Q2 results, sending shares up more than 20% in after-hours trading.
Management forecast fiscal 2027 product revenue of $6.07 billion, a 36% year-over-year increase ending Jan. 31, 2027.
Full-year non-GAAP operating margin outlook rose to 14.5% from 13.5%, the second guidance lift this year.
Net revenue retention held at 126% for a second straight quarter, up from 125% at fiscal 2026 end.

1 of 1

Story summary

Snowflake posted fiscal 2027 Q2 results, sending shares up more than 20% in after-hours trading.
Management forecast fiscal 2027 product revenue of $6.07 billion, a 36% year-over-year increase ending Jan. 31, 2027.
Full-year non-GAAP operating margin outlook rose to 14.5% from 13.5%, the second guidance lift this year.
Net revenue retention held at 126% for a second straight quarter, up from 125% at fiscal 2026 end.