Snowflake reported strong Q4 FY2026 results with significant year-over-year revenue growth driven by product revenue and customer acquisition. The company highlighted its central role in the enterprise AI revolution and its focus on customer expansion and operational rigor for sustained growth.
Product revenue grew 30% year-over-year to $1.23 billion in Q4 FY2026.
positiveNet revenue retention rate remained strong at 125%.
positiveNumber of customers with trailing 12-month product revenue greater than $1 million grew 27% year-over-year to 733.
positive740 net new customer additions, representing 40% year-over-year growth, marking the strongest quarter ever for net new customer acquisition.
positiveRemaining performance obligations (RPO) totaled $9.77 billion, up 42% year-over-year.
positiveNon-GAAP operating margin improved to 11% in Q4 FY2026 from 9% in Q4 FY2025.
positiveNon-GAAP adjusted free cash flow margin was 61% for Q4 FY2026.
positiveGAAP operating loss widened to $318.2 million in Q4 FY2026 from $386.7 million in Q4 FY2025, indicating continued unprofitability on a GAAP basis.
negativeGAAP net loss attributable to Snowflake Inc. was $309.6 million in Q4 FY2026, a slight improvement from $327.5 million in Q4 FY2025.
negativeGAAP research and development expenses increased to $511.0 million in Q4 FY2026 from $492.5 million in Q4 FY2025, representing 40% of revenue.
attentionGAAP sales and marketing expenses increased to $551.3 million in Q4 FY2026 from $432.7 million in Q4 FY2025, representing 43% of revenue.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Product revenue | N/A | — | — | — |
Professional services and other revenue | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Snowflake sits at the center of the enterprise AI revolution, building the foundation for safe and scalable AI.
The company is focused on driving stability and operational rigor to support sustained, long-term growth.
Strong new logo momentum and deepening engagement across the customer base are key drivers.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.