Snowflake Inc. · NYSE:SNOW

Snowflake — Investor Day (June 2026)

70 slides from Snowflake's investor day presentation, June 2026

1. Slide 1: Investor Day

   INVESTOR DAY June 2026 © 2026 Snowflake Inc. All Rights Reserved

2. Slide 2: Statement Regarding Use of Non-GAAP Financial Measures

   Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not a

3. Slide 3: Safe Harbor

   Safe Harbor Other than statements of historical fact, all statements contained in this presentation and accompanying oral our ability to increase our penetration into existing markets and enter and grow new markets, including highly- commentary (collectively, the Materials) are forward-looking state

4. Slide 4: Sridhar Ramaswamy, Chief Executive Officer

   Sridhar Ramaswamy Chief Executive Officer Snowflake © 2026 Snowflake Inc. All Rights Reserved

5. Slide 5: AI is Changing How Work Is Done (Old)

   AI is Changing How Work Is Done OLD Single Question User many steps to get to a single action © 2026 Snowflake Inc. All Rights Reserved

6. Slide 6: AI is Changing How Work Is Done (New)

   AI is Changing How Work Is Done NEW Single Question User with Agentic leverage to quickly get to actions © 2026 Snowflake Inc. All Rights Reserved

7. Slide 7: Driving acceleration to our core data platform

   Driving acceleration to our core data platform Product Revenue Y/Y Growth Rate 1 34% 32% 30% 30% 29% 29% 28% 26% Q2 FY25 Q1 FY27 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions provided in the Appendix.

8. Slide 8: Snowflake Agentic Control Plane, CoWork and CoCo

   AI Models AGENTIC SNOWFLAKE CONTROL SNOWFLAKE COWORK PLANE COCO Enterprise Data Software & & Context Applications © 2026 Snowflake Inc. All Rights Reserved

9. Slide 9: © 2026 Snowflake Inc. All Rights Reserved

   © 2026 Snowflake Inc. All Rights Reserved

10. Slide 10: Execution: Product Velocity

    Execution PRODUCT VELOCITY ~200 2x ~430 FY24 FY26 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. Product velocity based on number of features released.

11. Slide 11: Execution: Net New Customer Adds

    Execution NET NEW CUSTOMER1 ADDS 1,719 +36% 2,330 FY25 FY26 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions provided in Appendix.

12. Slide 12: Execution: AI Software, FDEs, Salesforce

    Execution AI SOFTWARE FDEs AI SALESFORCE ENGINEERING AI-FIRST INTERNAL SREs FY27 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31.

13. Slide 13: Execution: GAAP Profitability

    Execution GAAP Profitability FY28 Q4E © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31.

14. Slide 14: Christian Kleinerman, EVP of Product

    Christian Kleinerman EVP of Product Snowflake © 2026 Snowflake Inc. All Rights Reserved

15. Slide 15: Snowflake empowers organizations to leverage AI with full enterprise context

    Snowflake empowers organizations to leverage AI with full enterprise context and peace of mind over governance and security AI Models AGENTIC SNOWFLAKE CONTROL SNOWFLAKE COWORK PLANE COCO Enterprise Data Software & & Context Applications © 2026 Snowflake Inc. All Rights Reserved

16. Slide 16: Snowflake Differentiation: Easy, Connected, Trusted

    Snowflake Differentiation Easy Connected Trusted Managed platform that Join, share and Interoperability of data, adapts to business leverage data in a across clouds, with universal and team needs friction-free ecosystem governance at scale © 2026 Snowflake Inc. All Rights Reserved

17. Slide 17: Snowflake Differentiation: Easy, Connected, Trusted

    Snowflake Differentiation Easy Connected Trusted Managed platform that Join, share and Interoperability of data, adapts to business leverage data in a across clouds, with universal and team needs friction-free ecosystem governance at scale © 2026 Snowflake Inc. All Rights Reserved

18. Slide 18: Snowflake CoCo: The Coding Agent Where you Build Faster

    Snowflake CoCo: The Coding Agent Where you Build Faster Move from ‘I have an idea’ Ready for Snowflake review to ‘it’s deployed’ fast Accelerates End-to-End Development Turn data engineering, machine learning, and agent building tasks into simple conversations Understands Enterprise Data Context Dee

19. Slide 19: Snowflake CoCo: The AI Coding Agent for Builders

    Snowflake CoCo: The AI Coding Agent for Builders Strong pace of innovation to accelerate WHY THIS MATTERS coding and data development ● Safety, security, isolation are front and center for the different CoCo form factors WHAT’S NEW ● Enable background, periodic agent execution Cloud Agents Local San

20. Slide 20: Snowflake AIM

    Snowflake AIM Al-driven modernization and virtualization for your data ecosystem on Snowflake VIRTUALIZATION MODERNIZATION RUN TERADATA ON SNOWFLAKE MIGRATE DATA WAREHOUSES MIGRATE AND MODERNIZE WITHOUT REWRITING TO SNOWFLAKE SPARK WORKLOADS Escape renewal pressure Convert code and database objects

21. Slide 21: Snowflake CoWork: The Personal Agent Where You Work Smarter

    Snowflake CoWork: The Personal Agent Where You Work Smarter WHY THIS MATTERS Answers complex questions, automates ● Deep analysis, real action work, and takes action across tools ● Personalized experience for each individual in an enterprise WHAT’S NEW ● Agents can deliver visualization, deep resear

22. Slide 22: Artifacts: Answers That Live, Grow, and Scale Across Teams

    Artifacts: Answers That Live, Grow, and Scale Across Teams WHY THIS MATTERS ● Artifacts: Save and share live, governed Save, share, and continually interact with data analyses, charts, and conversations with visualizations and tables with Snowflake CoWork RBAC-aware access. ● Certified Dashboards: P

23. Slide 23: Cortex Sense: Runtime Context for Improved Accuracy

    Cortex Sense: Runtime Context for Improved Accuracy Business context across data assets WHY THIS MATTERS included with all Cortex AI products ● Auto-builds context from Snowflake data, no manual setup ● Global ontology & skills layer, shared WHAT’S NEW across all agents ● Pre-built plugins for finan

24. Slide 24: Context raises accuracy and lowers cost

    Context raises accuracy and lowers cost Sample eval set Accuracy on Hard Questions (%) Average Cost Comparison Solution Per Prompt Per Month Frontier Coding Agent + Snowflake SQL MCP 24.1% Frontier Coding Agent + SQL MCP $1.76 $78.08 CoCo / CoWork (no semantic model) 47.1% CoCo / CoWork $0.49 $18.81

25. Slide 25: Governing the Agentic Enterprise with a Centralized MCP Gateway

    Governing the Agentic Enterprise with a Centralized MCP Gateway Securely connect agents Control what agents can do See everything agents do, to business systems in one place Give Cortex AI secure access to a Enforce identity-aware authorization Track usage, audit every tool call, verified library of

26. Slide 26: Datastream

    Apache Kafka API Topic / Table Duality Compatible Seconds Fresh Data Data-Centric in the Lake Streaming Datastream Built-in Snowflake-Managed Snowflake CoCo Native Service Snowflake CoCo Hi, How can I help? > Set up Datastream for me © 2026 Snowflake Inc. All Rights Reserved

27. Slide 27: Snowflake Differentiation: Easy, Connected, Trusted

    Snowflake Differentiation Easy Connected Trusted Managed platform that Join, share and Interoperability of data, adapts to business leverage data in a across clouds, with universal and team needs friction-free ecosystem governance at scale © 2026 Snowflake Inc. All Rights Reserved

28. Slide 28: Interoperability - Apache Iceberg

    Interoperability - Apache Iceberg SNOWFLAKE AI DATA CLOUD DATA ENGINEERING AI & ML ANALYTICS SHARE READ ANY DATA • WRITE TO ANY ICEBERG Iceberg Tables Snowflake Tables SNOWFLAKE MANAGED TABLES | BUSINESS CONTINUITY ANY STORAGE LOCATION NATURAL LANGUAGE INTERACTIONS © 2026 Snowflake Inc. All Rights R

29. Slide 29: Flexible, Interoperable Architecture

    Flexible, Interoperable Architecture Use any engine and accelerate AI on WHY THIS MATTERS a single governed copy of data with ● Access Data in Place: Securely read and write to Interoperable Lakehouse any Iceberg table from any engine across more use cases. ● Achieve Universal Governance: Persist po

30. Slide 30: Sharing and Collaboration

    Sharing and Collaboration Partner CSP 3rd Party Data Provider App 2 YOUR App 1 ORGANIZATION Your Consumer’s CSP App Native IoT © 2026 Snowflake Inc. All Rights Reserved

31. Slide 31: Multi-Party Collaboration

    Multi-Party Collaboration Publisher / Media Partner Outcomes Advertiser Data Provider Measurement Partner / Agency © 2026 Snowflake Inc. All Rights Reserved

32. Slide 32: One Platform. Every System of Record. Instantly AI-Ready.

    Zero-Copy Integration Enhanced Zero-Copy Semantically Rich Coming Soon Modeled Data One Platform. GA Every System of Record. Instantly AI-Ready. PrPr GA ● Trusted Enterprise Data for AI and Applications ● Faster Time to Value, Bidirectional Zero ETL Lower Operational Burden Pipelines ● One Governed

33. Slide 33: Snowflake Differentiation: Easy, Connected, Trusted

    Snowflake Differentiation Easy Connected Trusted Managed platform that Join, share and Interoperability of data, adapts to business leverage data in a across clouds, with universal and team needs friction-free ecosystem governance at scale © 2026 Snowflake Inc. All Rights Reserved

34. Slide 34: Introducing Horizon Context

    Introducing Horizon Context ACTIVE CONTEXT FOR AI, BI, AND APPS SNOWFLAKE SNOWFLAKE COCO HORIZON CONTEXT Active context for AI, BI, and apps DATA LAKES COLLECT ENRICH ACTIVATE SNOWFLAKE COWORK SCHEMAS LINEAGE POPULARITY SAAS CORTEX AGENTS DESCRIPTIONS TAGS SEMANTIC VIEWS DATABASES BI TOOLS BI & ETL/

35. Slide 35: Securing Data and AI

    Securing Data and AI Proactive enterprise-grade security for data WHY THIS MATTERS and AI — built-in, not bolted on ● Secure Guardrails: Uses AI signals and built-in defenses to block prompt-injection and secure agent actions ● Centralized Governance: Manages security WHAT’S NEW posture and boundari

36. Slide 36: Fully Automated, Workload-Aware Cloud Compute

    Fully Automated, Workload-Aware Cloud Compute WHY THIS MATTERS Performance that adapts as workloads evolve ● Operational Efficiency: Fully managed, workload-aware compute eliminates decision-making and manual optimization, lowering total cost of ownership, and reducing resource waste WHAT’S NEW ● Hi

37. Slide 37: Interactive Analytics

    Interactive Analytics INTERACTIVE Interactive Interactive Tables ANALYTICS Warehouses Low-latency • High Concurrency • Fresh Data • Low Cost per Query © 2026 Snowflake Inc. All Rights Reserved

38. Slide 38: Snowflake powers every data and AI workload

    Snowflake powers every data and AI workload All Predictable Teams Performance at Scale All Faster Time Tools to Market All Enterprise-Grade Data Reliability © 2026 Snowflake Inc. All Rights Reserved

39. Slide 39: Snowflake empowers organizations to leverage AI with full enterprise context

    Snowflake empowers organizations to leverage AI with full enterprise context and peace of mind over governance and security AI Models AGENTIC SNOWFLAKE CONTROL SNOWFLAKE COWORK PLANE COCO Enterprise Data Software & & Context Applications © 2026 Snowflake Inc. All Rights Reserved

40. Slide 40: Brian Robins, Chief Financial Officer

    Brian Robins Chief Financial Officer Snowflake © 2026 Snowflake Inc. All Rights Reserved

41. Slide 41: Market Opportunity

    MARKET OPPORTUNITY © 2026 Snowflake Inc. All Rights Reserved

42. Slide 42: Large and Growing Market

    Large and Growing Market Snowflake TAM ($ Billions) $225 2x $460 FY26 FY31 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. Based on Snowflake estimates.

43. Slide 43: Large Customers Illustrate Market Size

    Large Customers Illustrate Market Size Average Trailing $34.1 Twelve Month $21.9 $27.9 Product Revenue 1 ($ Millions) $1.6 $2.0 $2.4 FY24 FY25 FY26 ■ Top 25 Product Revenue Customers1 ■ Forbes Global 2000 Customers1 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See

44. Slide 44: Core Growth Drivers

    CORE GROWTH DRIVERS © 2026 Snowflake Inc. All Rights Reserved

45. Slide 45: Land New Customers

    Land New Customers Net New Customer1 Adds by Fiscal Year 2,330 1,662 1,719 +36% FY26 YoY Growth The fundamental driver of long- term durable growth FY24 FY25 FY26 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions provided in Appendix.

46. Slide 46: Best-in-Class Net Revenue Retention Rate

    Expand Existing Customers FY26 Q1 124% Best-in-Class FY26 Q2 125% Net Revenue Retention Rate1 FY26 Q3 125% FY26 Q4 125% FY27 Q1 126% © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions provided in Appendix.

47. Slide 47: Expand Existing Customers: Product Revenue by Cohort

    Expand Existing Customers Product Revenue by Cohort1 FY19 and Earlier Cohort FY20 Cohort FY21 Cohort FY22 Cohort FY23 Cohort FY24 Cohort FY25 Cohort FY26 Cohort FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions pro

48. Slide 48: Migrations and Use Cases Drive Expansion

    Migrations and Use Cases Drive Expansion ↑ 1.7x ↑ 1.9x FY25 FY26 FY25 FY26 Migration1 Count Use Case Count (excl. Migrations) © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definitions provided in Appendix.

49. Slide 49: Opportunity to Migrate a Variety of Vendors

    Opportunity to Migrate a Variety of Vendors Mixed On-Prem 1st-Gen Cloud Data On-Prem Data OLAP/OLTP Warehouse Warehouse 1st Gen Cloud ISV On-Prem Big Data © 2026 Snowflake Inc. All Rights Reserved

50. Slide 50: Sales Compensation Incentivizes Land and Expand

    Sales Compensation Incentivizes Land and Expand Sales Compensation (Target Commissions1) New Customers1 Bookings Consumption FY24 FY25 FY26 FY27E Note: Fiscal year ends January 31. Sales incentives for bookings prior to FY25 related to both new © 2026 Snowflake Inc. All Rights Reserved and existing

51. Slide 51: CRO Priorities

    CRO Priorities Stable AI Execution Opportunity • Depth of experience • AI to improve efficacy informs successful of GTM execution • AI to drive increased • No changes to sales productivity compensation plans • Technical depth on core competencies © 2026 Snowflake Inc. All Rights Reserved

52. Slide 52: AI Accelerates Growth

    AI ACCELERATES GROWTH © 2026 Snowflake Inc. All Rights Reserved

53. Slide 53: AI Unlocks Our Core Business

    AI Unlocks Our Core Business Sales Cycles Accelerating Usage / Ramp Improving Migrations Accelerating 10 MONTHS 7 40% MONTHS Improvement FY25 FY26 FY23 Q2 FY24 Q2 FY25 Q2 FY26 Q2 FY25 FY26 Average Sales Qualified-to-Close TTM Dollar Weighted Time-to-Ramp1 Median Won-to-Deployed1 © 2026 Snowflake Inc

54. Slide 54: AI Drives Expansion - Snowflake CoWork

    AI Drives Expansion - Snowflake CoWork $1M+ Customer - Equipment Company Forecast After Snowflake CoWork Adopted Actual Product SnowflakeCoWork Revenue1 Forecast Prior to Snowflake CoWork FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 FY27 Q2E FY27 Q3E FY27 Q4 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal

55. Slide 55: AI Drives Expansion - Snowflake CoCo

    AI Drives Expansion - Snowflake CoCo $1M+ Customer - Semiconductor Company Forecast After CoCo Adopted SnowflakeCoCo Forecast Prior to Actual Product CoCo Revenue1 FY26 Q4 FY27 Q1 FY27 Q2E FY27 Q3E FY27 Q4 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. 1. See definition

56. Slide 56: How is this working at Snowflake? How is this resonating with customers?

    How is this working How is this resonating at Snowflake? with customers? © 2026 Snowflake Inc. All Rights Reserved

57. Slide 57: Margins and Capital Allocation

    MARGINS AND CAPITAL ALLOCATION © 2026 Snowflake Inc. All Rights Reserved

58. Slide 58: Committed to Operating Margin Expansion

    Committed to Operating Margin Expansion 13.5% 76.3% 75.8% 75.0% 10.5% 6.4% FY25 FY26 FY27E FY25 FY26 FY27E Non-GAAP Operating Margin Non-GAAP Product Gross Margin Note: Fiscal year ends January 31. See our quarterly earnings press releases and earnings presentations available at https://investors.sn

59. Slide 59: Headcount and Cloud Spend

    Headcount and Cloud Spend Headcount Cloud Spend up + + Revenue up Revenue up = = Headcount & Cloud spend as a % headcount related of revenue modestly expenses as a % of increasing revenue decreasing Operating Leverage © 2026 Snowflake Inc. All Rights Reserved

60. Slide 60: Non-GAAP Adjusted Free Cash Flow Margin

    Non-GAAP Adjusted Free Cash Flow Margin © 2026 Snowflake Inc. All Rights Reserved

61. Slide 61: No Change in Payment Terms

    No Change in Payment Terms Billings by Payment Terms 82% Annual In-Advance 82% Annual In-Advance 86% Annual In-Advance FY24 FY25 FY26 © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31.

62. Slide 62: Billings Growth can diverge from revenue

    Bookings and Billings Flexibility Billings Growth can diverge 36% 36% from revenue 29% 29% 29% growth within 20% single year FY24 FY25 FY26 ■ Revenue Y/Y Growth ■ Billings Y/Y Growth © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31.

63. Slide 63: This Dynamic Normalizes over a Multiyear Timeframe

    Bookings and Billings Flexibility This Dynamic Normalizes 29% over a Multiyear Timeframe 28% FY24 FY25 FY26 ■ Revenue Y/Y Growth ■ Billings Y/Y Growth — Revenue CAGR — Billings CAGR © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31.

64. Slide 64: GAAP Profitable in FY28 Q4E

    Non-GAAP Operating Margin Leverage + Consistent Decrease in SBC as a % of Revenue = GAAP Profitable in FY28 Q4E © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31. Represents management's estimate as of June 2026.

65. Slide 65: Capital Allocation

    Capital Allocation Organic Stock Repurchase M&A Growth Program $0.8B R&D and Remaining of Acquisitions S&M Investment $4.5B authorization to accelerate product roadmap © 2026 Snowflake Inc. All Rights Reserved Note: Fiscal year ends January 31 All figures are as of or for Q1 FY27.

66. Slide 66: Summary: Market Opportunity, Growth Drivers, AI, Clear Framework

    Large and Growing Durable Growth AI Accelerating Clear Framework Market Opportunity Drivers Support Revenue Growth to Reach GAAP Core Business Profitability © 2026 Snowflake Inc. All Rights Reserved

67. Slide 67: Q&A

    Q&A © 2026 Snowflake Inc. All Rights Reserved

68. Slide 68: Thank You

    THANK YOU © 2026 Snowflake Inc. All Rights Reserved

69. Slide 69: Appendix

    APPENDIX © 2026 Snowflake Inc. All Rights Reserved

70. Slide 70: Definitions

    Definitions Product Revenue: Product revenue is primarily derived from the consumption of compute, storage, and data transfer resources by customers on our platform. Customers have the flexibility to consume more than their contracted capacity during the contract term and may have the ability to rol

Snowflake — Investor Day (June 2026) on 6ix