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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Zukin | Wolfe Research | 8 questions · 0% challenging |
| Kirk Materne | Evercore ISI | 8 questions · 0% challenging |
| Raimo Lenschow | Barclays | 7 questions · 0% challenging |
| Sanjit Singh | Morgan Stanley | 7 questions · 14% challenging |
| Brent Thill | Jefferies | 6 questions · 0% challenging |
| Brad Zelnick | Deutsche Bank | 6 questions · 0% challenging |
| Matt Hedberg | RBC Capital Markets | 5 questions · 0% challenging |
| Mark Murphy | JPMorgan | 5 questions · 0% challenging |
| Tyler Radke | Citigroup | 4 questions · 0% challenging |
| Brad Reback | Stifel | 4 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 2 analysts | 8 questions · 0% challenging |
| Morgan Stanley | 2 analysts | 8 questions · 13% challenging |
| Wolfe Research | 1 analyst | 8 questions · 0% challenging |
| Evercore ISI | 1 analyst | 8 questions · 0% challenging |
| Bank of America | 3 analysts | 8 questions · 13% challenging |
| Jefferies | 2 analysts | 7 questions · 0% challenging |
| JPMorgan | 3 analysts | 7 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 6 questions · 0% challenging |
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Snowflake's Q1 FY27 marked an inflection as product revenue accelerated to $1.334 billion, up 34% year over year and its strongest sequential dollar growth ever, with net revenue retention rising to 126%. Management attributed the acceleration to AI compounding core-platform consumption, with Cortex Code (CoCo) and Snowflake Intelligence becoming the fastest-adopted products in company history, CoCo reaching more than 7,100 accounts within a quarter of general availability. On the strength of both core and AI demand, the company raised full-year FY27 product revenue guidance from roughly $5.66 billion (27% growth) to $5.84 billion (31% growth) and lifted its full-year non-GAAP operating margin guide to 13.5%, while Q1 non-GAAP operating margin expanded over 300 basis points to 12%. Snowflake remained GAAP-unprofitable (EPS -$0.86, narrowing from -$1.29 a year ago) while absorbing the Observe acquisition, but disciplined hiring of just 17 organic employees and a new five-year $6 billion AWS agreement underpinned the margin trajectory. The score reflects a base of 8 on 33% GAAP revenue growth plus a full-year guidance raise, extending Snowflake's streak of top-tier quarters.
Cloud & AI | Revenue Growth | Competitive Dynamics | Demand | Guidance Reliability | Product Launch | Labor Market | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 6 | 3 | 3 | 1 | ||||
| 2025Q4 | 3 | 2 | 4 | 1 | 1 | 1 | 1 | 1 |
| 2026Q1 | 7 | 3 | 1 | 2 | 2 | 1 | ||
| 2026Q2 | 6 | 6 | 4 | 3 | 2 | 2 | 1 | 1 |
| 2026Q3 | 5 | 6 | 1 | 1 | 3 | 1 | ||
| 2026Q4 | 4 | 5 | 2 | 1 | 2 | 1 | 1 | 1 |
| 2027Q1 | 5 | 2 | 3 | 3 | 1 | 1 | 1 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 6 | 3 | 7 | 6 | 5 | 4 | 5 |
| Revenue Growth | 3 | 2 | 3 | 6 | 6 | 5 | 2 |
| Competitive Dynamics | 3 | 4 | 1 | 4 | 1 | 2 | 3 |
| Demand | 1 | 2 | 3 | 1 | 1 | 3 | |
| Guidance Reliability | 1 | 2 | 3 | 2 | 1 | ||
| Product Launch | 1 | 2 | 2 | 1 | 1 | 1 | |
| Labor Market | 1 | 1 | 1 | 1 | 1 | ||
| M&A | 1 | 1 | 1 | 1 |
Calendar quarter Q2 2026Earnings call May 27, 2026
FY2027 Q1 in brief
Snowflake's Q1 FY27 marked an inflection as product revenue accelerated to $1.334 billion, up 34% year over year and its strongest sequential dollar growth ever, with net revenue retention rising to 126%.
Newest quarter FY2027 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +33.5% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Snowflake Inc. (SNOW), FY2027 Q1: 10/10. Scores: Snowflake Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: SNOW daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $942M | +28.3% | $-0.98 | -50.8% | 65.9% | -38.8% | -34.4% | $88M |
| FY2025 Q4 | $987M | +27.4% | $-0.99 | -94.1% | 66.2% | -39.2% | -33.2% | $421M |
| FY2026 Q1 | $1.04B | +25.7% | $-1.29 | -35.8% | 66.5% | -42.9% | -41.3% | $183M |
| FY2026 Q2 | $1.14B | +31.8% | $-0.89 | +6.3% | 67.5% | -29.7% | -26.0% | $58M |
| FY2026 Q3 | $1.21B | +28.7% | $-0.87 | +11.2% | 67.8% | -27.2% | -24.2% | $114M |
| FY2026 Q4 | $1.28B | +30.1% | $-0.90 | +9.1% | 66.8% | -24.8% | -24.1% | $765M |
| FY2027 Q1Selected | $1.39B | +33.5% | $-0.86 | +33.3% | 66.6% | -23.4% | -21.2% | $233M |
| FY2027 Q2 | $1.55B | +35.1% | $-0.55 | +38.2% | 67.0% | -17.0% | -12.4% | $84M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What SNOW and other companies said about each other on FY2027 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Thomson Reuters, the global provider of legal, tax and regulatory intelligence uses Snowflake Cortex, including cocoa to power AI-driven legal and compliance workflows.”
Thomson Reuters is cited as using Snowflake Cortex and Cortex Code to build and deploy AI-driven legal and compliance workflows, a product-adoption signal.
“We also saw Global 2000 companies like Global Payments, Depository Trust and Clearing Corporation, DTCC and Blue Yonder, expand their use of Snowflake to support growing workloads, accelerate AI-powered insights and drive further value for their end customers.”
Global Payments is named as a Global 2000 customer expanding its use of Snowflake to support growing workloads and AI-powered insights.
“Just today, we announced an expanded collaboration with AWS through a new $6 billion multiyear agreement to accelerate enterprise AI adoption globally, leveraging Graviton compute and AI services.”
Snowflake signed a new five-year $6 billion AWS agreement (more than doubling its prior contract) and surpassed $7 billion in lifetime AWS Marketplace sales, a large committed cloud-spend and go-to-market signal for AWS.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SNOW Snowflake Inc. | 10 | +33.5% | |
| ADSK Autodesk | 10 | +18.4% | |
| AI C3.ai, Inc. | 3 | -52.5% | |
| APP Applovin Corp | 8 | +52.8% | |
| CDNS Cadence Design Systems | 9 | +24.2% | |
| CHYM Chime Financial, Inc. Class A Common Stock | 9 | +26.8% | |
| CRM Salesforce, Inc. | 9 | +13.3% | |
| DDOG Datadog | 10 | +35.6% | |
| DUOL Duolingo, Inc. | 9 | +18.3% | |
| FICO Fair Isaac | 9 | +25.7% | |
| FIG Figma, Inc. | 9 | +48.3% | |
| INTU Intuit | 9 | +10.4% | |
| MSTR MicroStrategy Inc. | 6 | +6.9% | |
| NOW ServiceNow | 8 | +24.0% | |
| PTC PTC Inc. | 4 | -6.8% | |
| SHOP Shopify | 9 | +33.7% | |
| SOUN SoundHound AI, Inc. | 9 | +45.0% | |
| TEAM Atlassian | 10 | +27.6% | |
| TTD The Trade Desk, Inc. | 4 | +3.0% | |
| TYL Tyler Technologies | 5 | +8.2% | |
| U Unity Software Inc. | 9 | +23.9% | |
| UBER Uber | 8 | +12.2% | |
| WDAY Workday, Inc. | 9 | +13.5% |