Snowflake Inc
XETRA:5Q5
Snowflake Inc
Snowflake, Inc. engages in the provision of cloud data warehousing software. The company is headquartered in Bozeman, Montana and currently employs 7,834 full-time employees. The company went IPO on 2020-09-16. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. The company provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
Snowflake, Inc. engages in the provision of cloud data warehousing software. The company is headquartered in Bozeman, Montana and currently employs 7,834 full-time employees. The company went IPO on 2020-09-16. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. The company provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
Product Revenue Growth: Snowflake reported Q4 product revenue of $1.23 billion, up 30% year-over-year, with strong momentum driven by both core and AI-related workloads.
Guidance: Fiscal 2027 product revenue is expected at approximately $5.66 billion, representing 27% year-over-year growth, supported by core business strength and AI expansion.
AI Adoption: AI products such as Snowflake Intelligence and Cortex Code are seeing rapid uptake across customers, with over 2,500 accounts using Snowflake Intelligence and 4,400 using Cortex Code.
Record Bookings: Remaining performance obligations reached $9.77 billion, up 42% year-over-year, including the company’s largest ever deal (over $400 million) and seven nine-figure contracts in Q4.
Margin Expansion: Fiscal 2026 non-GAAP operating margin expanded to 10.5%, up more than 400 basis points year-over-year, with further improvement guided for fiscal 2027.
Operational Efficiency: Stock-based compensation declined to 34% of revenue in fiscal 2026 (from 41% in fiscal 2025) and is expected to drop to 27% in fiscal 2027.
Observe Acquisition: Snowflake closed its $600 million acquisition of Observe, entering the $50 billion IT operations market and expanding product capability.
Product Innovation: Snowflake launched over 430 product capabilities in the year, deepening its position as a platform for data, AI, and application development.
