Snowflake's push to embed AI across its data platform kept revenue accelerating for a third straight quarter. In the three months ended 31 July 2026 — its fiscal 2027 second quarter — the company reported revenue of $1.55 billion, up 35% year on year, and product revenue of $1.49 billion, up 37%
Snowflake reported its financial results for the second quarter of fiscal year 2027, which ended on July 31, 2026. The company's total revenue reached $1.55 billion, marking a 35% increase compared to the same period in the previous year. Product revenue, a key metric for Snowflake, grew by 37% year-over-year to $1.49 billion.
Verified 2026-09-06
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Snowflake stores and organises company data, which AI tools need, and its growth has been speeding up.
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