NYSE$SNOW
Snowflake Inc. · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
Snowflake reported Q3 FY26 results with continued product revenue growth and strong customer momentum, despite posting a net loss.
Snowflake delivered solid Q3 results with $1.21 billion in revenue and strong customer growth, although it posted a net loss of $294 million. Product revenue reached $1.16 billion, and key metrics such as net revenue retention and RPO remained robust.
- Product revenue reached $1.158 billion in Q3 FY26.
- Snowflake posted a GAAP net loss of $293.96 million.
- Remaining performance obligations totaled $7.88 billion.
- The company had 688 customers generating over $1M in trailing 12-month product revenue.
Headline financials
Revenue & EPS history
Snowflake · Revenue · Quarterly
$1.21B
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
Snowflake provided Q4 FY26 guidance forecasting continued product revenue growth and operating profitability.
Tailwinds
- Q4 product revenue guidance of $1.195B to $1.200B
- Expected 27% YoY product revenue growth in Q4
- Non-GAAP operating income projected at 7%
- FY26 product revenue expected to reach $4.446B
- Adjusted free cash flow margin projected at 25% for FY26
Headwinds
- GAAP net losses continue despite revenue growth
- Stock-based compensation remains a significant expense
- High capital outflows from stock repurchases
- Asset impairments continue to weigh on operating results
- Rising operating expenses despite revenue growth
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 Q3 2026
+1.9%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.9%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+31.6%
Q3 2025
Best reaction
-19.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro