NYSE$SNOW

Snowflake Inc. · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Snowflake's Q2 2025 financial results were reported, demonstrating year-over-year growth in revenue and product revenue.

Snowflake reported a strong second quarter in fiscal year 2025, with revenue reaching $868.8 million, a 29% increase year-over-year. Product revenue grew by 30% to $829.3 million. The company is raising its product revenue guidance for the year.

  • Total revenue was $868.8 million, up 29% year-over-year.
  • Product revenue reached $829.3 million, reflecting a 30% year-over-year increase.
  • Net revenue retention rate was 127%.
  • Remaining performance obligations (RPO) amounted to $5.2 billion, a 48% year-over-year growth.

Headline financials

Total Revenue

$869M

Previous: $674M+28.9%
EPS

-$0.95

Previous: $0.22-531.8%
Capital Expenditures

-$21.6M

Previous: -$13.3M-62.5%
Free Cash Flow

-$338M

Previous: -$240M-40.9%
Net Income

-$317M

Previous: -$227M-39.7%
Operating Income

-$355M

Previous: -$285M-24.5%
Gross Profit

$581M

Previous: $456M+27.5%
R&D Expense

$434M

No prior period
Stock-Based Comp

$356M

Previous: $300M+18.8%

Revenue & EPS history

Snowflake · Revenue · Quarterly

$869M

Q2 2025+28.9%vs Q2 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Snowflake · $734M total across 2 segments · Q3 2024

  • Product Revenue
    $699M+33.6%
  • Professional Services & Other
    $35.7M+4.1%

Forward guidance

The following table summarizes our guidance for the third quarter of fiscal 2025:

Tailwinds

  • Product revenue $850 - $855 million

Headwinds

  • Operating income 3%

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 Q2 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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%
Q1 2021———
Q3 2020———
Q2 2020———
Q1 2020———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———

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