Filing Flows › Snowflake (SNOW) › Guidance history
Snowflake (SNOW) guidance history: what it guided and what it reported
Snowflake gave guidance in 11 earnings releases on file since Nov 29, 2023. Its releases raised guidance 3 times and lowered it 0 times.
Adjusted gross margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 75.0% (May 27, 2026) → lowered 74.0% (Sep 2, 2026) | — | to be reported | — |
GAAP operating margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 13.5% (May 27, 2026) → raised 14.5% (Sep 2, 2026) | — | to be reported | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | 15.5% (Sep 2, 2026) | — | to be reported | — |
| FY27 | 12.5% (May 27, 2026) → raised 13.5% (Sep 2, 2026) | — | to be reported | — |
| Q2 FY27 | 12.5% (May 27, 2026) | — | — | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | −$2.00 (Dec 3, 2025) | — | — | — |
| Q3 FY26 | −$2.00 (Aug 27, 2025) | — | — | — |
| Q2 FY26 | −$2.00 (May 21, 2025) | — | — | — |
| FY26 | −$2.00 (Feb 26, 2025) → reaffirmed −$2.00 (May 21, 2025) → reaffirmed −$2.00 (Aug 27, 2025) → lowered −$3.00 (Dec 3, 2025) | — | — | — |
| Q1 FY26 | −$2.00 (Feb 26, 2025) | — | — | — |
| Q4 FY25 | −$2.00 (Nov 20, 2024) | — | — | — |
| Q3 FY25 | −$2.00 (Aug 21, 2024) | — | — | — |
| Q2 FY25 | −$2.00 (May 22, 2024) | — | — | — |
| FY25 | −$2.00 (Feb 28, 2024) → reaffirmed −$2.00 (May 22, 2024) → reaffirmed −$2.00 (Aug 21, 2024) → lowered −$3.00 (Nov 20, 2024) | — | — | — |
| Q1 FY25 | −$2.00 (Feb 28, 2024) | — | — | — |
The latest quarter
Snowflake, Q2 FY27: revenue $1.5B (+35% year over year), operating margin -17.0%, net loss $192M, operating cash flow $91.4M. The chart follows the revenue to costs, profit and cash.
Questions
Does Snowflake beat its guidance?
Snowflake gave guidance in 11 earnings releases on file since Nov 29, 2023. Its releases raised guidance 3 times and lowered it 0 times.
How often does Snowflake raise guidance?
Its earnings releases raised guidance 3 times and lowered it 0 times since Nov 29, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.