NYSE$SNOW

Snowflake Inc. · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Snowflake reported fiscal Q3 2026 product revenue of $1.16B with continued consumption growth.

Product revenue for the quarter ended Oct. 31, 2025 was $1.16 billion, up from $900.3 million a year ago, driven by existing customer consumption. Net revenue retention was 125%. The company continued investing in AI and core data platform capabilities including the Crunchy Data acquisition.

  • Q3 product revenue ~$1.16B (+29% YoY).
  • Net revenue retention 125%.
  • Crunchy Data acquisition closed in the quarter.
  • Consumption model drives variable quarter-to-quarter GAAP net income.

Headline financials

Total Revenue

$1.21B

Previous: $942M+28.7%
EPS (adj)

-$0.14

Previous: -$0.98+85.7%
Remaining Performance Obligations

$7.88B

No prior period
Net Revenue Retention Rate

125.0%

No prior period
Customers >$1M TTM Revenue

688

No prior period
Forbes Global 2000 Customers

766

No prior period
Capital Expenditures

-$85.6M

Previous: -$35M-144.4%
Free Cash Flow

-$380M

Previous: -$359M-5.6%
Net Income

-$294M

Previous: -$324M+9.4%
Operating Income

-$329M

Previous: -$365M+9.8%
Gross Profit

$822M

Previous: $621M+32.3%
Cash & Equivalents

$1.94B

Previous: $2.15B-9.6%
Total Assets

$8.23B

Previous: $8.2B+0.3%

Revenue & EPS history

Snowflake · Revenue · Quarterly

$1.21B

Q3 2026+28.7%vs Q3 2025
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

Management discusses Snowflake's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • Snowflake cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations and investment.

Headwinds

  • GAAP profitability remained under pressure in the reported quarter.
  • Macro, competitive, and input-cost pressures may affect margins.
  • Segment mix and one-time items can affect sequential comparability.

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

Historical avgQ3 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

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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