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Sentiment · FY2027 Q1
As of FY2026 Q4, the Tellvest earnings-call sentiment score for Snowflake Inc. (SNOW) is 9/10.
Snowflake capped fiscal 2026 with Q4 product revenue of $1.23 billion, up 30% year-over-year, and remaining performance obligations accelerating to $9.77 billion, up 42%. Bookings were a standout: the company signed the largest deal in its history at more than $400 million total contract value and seven nine-figure contracts, versus two a year earlier, while adding 740 net new customers and growing $10 million-plus customers 56% to 56 accounts. Profitability improved alongside growth, with FY26 non-GAAP operating margin reaching 10.5% (up more than 400 basis points) and SBC guided down toward 27% of revenue in FY27. Management introduced FY27 product revenue guidance of approximately $5.66 billion (27% growth), and framed Cortex Code and Snowflake Intelligence, now spanning over 9,100 AI accounts, as positioning Snowflake as the control plane for the agentic era.
Scored from Snowflake Inc.’s FY2026 Q4 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q2 | $869M | +28.9% | $-0.95 | -37.7% | 66.8% | -40.9% | -36.5% | $65M |
| 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 Q1 | $1.39B | +33.5% | $-0.86 | +33.3% | 66.6% | -23.4% | -21.2% | $233M |
Reporting soon: earnings call Wednesday, Sep 2
A pre-earnings brief is ready for SNOW: the setup, what peers and partners said this season, and which analysts to watch. Reading it is a Tellvest Pro feature.