NYSE$SNOW
Snowflake Inc. · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Snowflake reported Q1 fiscal 2026 product revenue of $997M on total revenue of $1.04B with a net loss of $430M and diluted EPS of $(1.29).
Total revenue grew 26% to $1.04 billion as product revenue reached $996.8 million. The company reported a net loss of $430.1 million; diluted EPS was $(1.29). Remaining performance obligations were $6.7 billion, with AI and consumption growth central to the narrative.
- Q1 total revenue $1.04B (+26% YoY).
- Product revenue $996.8M; RPO $6.7B.
- Net loss $430.1M; diluted EPS $(1.29).
- Consumption model and enterprise adoption drive growth.
Headline financials
Revenue & EPS history
Snowflake · Revenue · Quarterly
$1.04B
Revenue by segment
Snowflake · $734M total across 2 segments · Q3 2024
- Product Revenue$699M+33.6%95.1%
- Professional Services & Other$35.7M+4.1%4.9%
Forward guidance
Software and platform outlook emphasizes consumption, ARR/RPO, and AI attach.
Tailwinds
- Enterprise adoption and remaining performance obligations.
- Platform consolidation and subscription mix.
Headwinds
- Consumption volatility and competitive pricing.
- SBC and investment spend weigh on GAAP profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
+3.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
-0.9%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+36.1%
Q1 2027
Best reaction
-19.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2027 | — | — | — | |
| Q1 2027 | +36.1% | +48.7% | — | |
| Q4 2026 | +2.2% | -2.0% | -9.7% | |
| Q3 2026 | -11.4% | -16.0% | -18.2% | |
| Q2 2026 | +20.2% | +16.6% | +12.1% | |
| Q1 2026 | +13.5% | +15.2% | +18.4% | |
| Q4 2025 | +4.5% | +4.5% | -9.4% | |
| Q3 2025 | +31.6% | +31.6% | +27.7% | |
| Q2 2025 | -12.7% | -10.6% | -16.4% | |
| Q1 2025 | -5.0% | -4.0% | -21.5% | |
| Q4 2024 | -19.5% | -24.0% | -30.9% | |
| Q3 2024 | +9.4% | +9.8% | +16.0% | |
| Q2 2024 | -3.2% | -2.5% | -1.9% | |
| Q1 2024 | -15.6% | -14.4% | +1.8% | |
| Q4 2023 | -12.4% | -8.0% | -0.1% | |
| Q3 2023 | +12.8% | -0.7% | +5.1% | |
| Q2 2023 | +28.2% | +21.8% | +12.5% | |
| Q1 2023 | -2.2% | +0.2% | +16.9% | |
| Q4 2022 | -14.9% | -26.7% | -10.8% | |
| Q3 2022 | +5.9% | +0.4% | -0.4% | |
| Q2 2021 | +3.0% | +3.8% | +0.9% | |
| Q2 2022 | +8.5% | +5.9% | +12.5% | |
| Q1 2022 | +6.6% | +3.5% | +7.4% | |
| Q4 2020 | -8.0% | -20.9% | -12.5% | |
| Q4 2021 | -8.0% | -20.9% | -12.5% | |
| Q3 2021 | +11.2% | +27.3% | -7.9% | |
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| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — |
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