Snowflake reported $1.1 billion in revenue for Q2 FY2026, a 32% year-over-year increase, and achieved a 125% net revenue retention rate. The company grew customers with more than $1 million in trailing 12-month product revenue from 606 to 654. Snowflake raised its FY2026 product revenue guidance to $4.4 billion from $4.3 billion, a level that would represent approximately 27% year-over-year growth if achieved. Shares jumped about 14% after-hours and into premarket trading, contributing to a 27% year-to-date gain and almost 80% growth over the prior 12 months. CEO Sridhar Ramaswamy attributed performance to AI innovations, including Snowflake Intelligence in public preview that enables natural-language interaction with enterprise data.
Snowflake remains laser focused on our mission to empower every enterprise to achieve its full potential through data and AI,
We're delivering our more than 12,000 customers tremendous value throughout their entire data life cycle with an AI data cloud that's designed to enable faster innovation and remove friction from business operations.
delivered on our product strategy, introducing incredible new innovations to drive value at each stage of our customer's data journey.
We are continuing to advance our leadership in enterprise AI with Snowflake Intelligence now in public preview. This platform enables every user to talk to their enterprise data, turning structured and unstructured data into actionable insights through natural language.
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