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 19 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
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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