NYSE$SNOW

Snowflake Inc. · Q4 2026 earnings

Q4 2026 earnings · · After market close · Investor relations

Briefing

Snowflake reported fiscal Q4 2026 product revenue of $1.23B and total revenue of $1.28B, with a GAAP net loss of $309.6M.

Product revenue grew 30% year over year to $1.23 billion; total revenue was $1.28 billion. GAAP net loss was $309.6 million ($(0.90) per share); non-GAAP net income per diluted share was $0.32. Remaining performance obligations reached $9.77 billion (+42% YoY).

  • Product revenue $1.23B (+30% YoY).
  • Total revenue $1.28B; RPO $9.77B (+42%).
  • 740 net new customers (+40% YoY).
  • Non-GAAP diluted EPS $0.32.

Headline financials

Total Revenue

$1.28B

Previous: $987M+29.7%
EPS (adj)

$0.32

Previous: $0.30+6.7%
Remaining Performance Obligations

$9.77B

Previous: $6.88B+42.0%
Net Revenue Retention Rate

125.0%

No prior period
Customers >$1M TTM Revenue

733

No prior period
Forbes Global 2000 Customers

790

No prior period
Net Income

-$310M

Previous: -$326M+5.0%
Operating Income

-$318M

Previous: -$387M+17.7%
Gross Profit

$858M

Previous: $654M+31.2%

Revenue & EPS history

Snowflake · Revenue · Quarterly

$1.28B

Q4 2026+29.7%vs Q4 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

Snowflake guided fiscal 2027 product revenue growth and highlighted AI Data Cloud adoption, RPO growth, and disciplined go-to-market execution.

Tailwinds

  • RPO $9.77B (+42% YoY).
  • 733 customers with >$1M trailing product revenue.
  • Non-GAAP profitability per share in the quarter.

Headwinds

  • GAAP net loss from stock-based compensation and interest.
  • Consumption model can create quarter-to-quarter variability.

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 Q4 2026

Historical avgQ4 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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