Katherine McCracken
Director of Investor Relations
Replay available
Snowflake Inc. (SNOW) Q2 2027 Earnings Call
Snowflake Inc. (NYSE: SNOW) Q2 2027 earnings conference call, held 2026-09-02. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The meeting focused on Snowflake's financial results for the second quarter of fiscal 2027, highlighting the company's growth in product revenue and customer base. Key discussions included the impact of AI on Snowflake's business model and the adoption of their AI products, Co-Work and Cocoa. Key Discussion Points - Overview of Snowflake's financial performance for Q2 FY27, with product revenue reaching $1.49 billion and a 37% year-over-year growth. - Discussion on the transformative role of AI in enterprise operations and decision-making. - Introduction of Snowflake's AI products, Co-Work and Cocoa, and their rapid adoption among customers. - The increase in customer base, with 692 net new customers added in the quarter. - Emphasis on the importance of a governed data foundation and the role of Snowflake in facilitating data sharing and collaboration. - Examples of significant customer migrations and use cases demonstrating the efficiency and capabilities of Snowfl...
Featured Presenters
Sridhar Ramaswamy
Chief Executive Officer
Brian Robbins
Chief Financial Officer
Christian Kleinerman
Executive Vice President of Product
Sanjit Singh
Analyst, Morgan Stanley
Kirk Maturin
Analyst, Evercore ISI
Carl Kirstead
Analyst, UBS
Ramo Lenshaw
Analyst, Barclays
Dharmak Jaffaji
Analyst, JPMorgan
Koji Ikeda
Analyst, Bank of America
Matt Hedberg
Analyst, RBC Capital Markets
Tyler Radke
Analyst, Citi
Alex Zucca
Analyst, Wolfe Research
Replay transcript excerpt
Speaker 1: Good day and welcome to the 2nd 0.25 FY27 Speaker 1: Snowflake Earnings presentation. Speaker 1: Today's conference is being recorded. Speaker 1: At this time I would like to turn the conference over to Catherine McCracken. Speaker 1: Please go ahead. Speaker 2: Good afternoon and thank you for joining us on Snowflake's 2nd 0.25 fiscal 2027 earnings call. Speaker 2: Joining me on the call today are Sridhar Ramaswamy, our chief executive officer, Brian Robbins, our chief financial officer, and Christian Kleinerman, Speaker 2: our Executive Vice President of Product, who will participate in the Q&A session. Speaker 2: During today's call, we will review our financial results for the 2nd 0.25 of fiscal 2027 Speaker 2: and discuss our guidance for the 3rd 0.25 and full year of fiscal 2027. Speaker 2: During today's call, we will make forward-looking statements, including statements related to our business operations and financial performance. Speaker 2: These statements are subject to risks and uncertainties, which could cause them to differ materially from our actual results. Speaker 2: Information concerning these risks and uncertainties is available in our earnings press release, Speaker 2: our most recent forms 10-K and 10-Q, Speaker 2: and our other SEC reports. Speaker 2: All our statements are made as of today based on information currently available to us. Except as required by law, we assume no obligation to update any such statements. Speaker 2: During today's call, we will also discuss certain non-GAAP financial measures, Speaker 2: see our investor presentation for the definition of the non-GAAP financial measures, and a reconciliation of GAAP to non-GAAP measures and business metric definitions, Speaker 2: including customer count and adoption. Sp...