Filing Flows › Snowflake (SNOW) › Q1 FY27
Snowflake (SNOW) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 29, 2026
Snowflake (SNOW) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +33% from a year earlier and +8% from the quarter before. Operating margin was -23.4%, net loss $296M (21.2% of revenue).
Snowflake, Q1 FY27: revenue $1.4B (+34% year over year), operating margin -23.4%, net loss $296M, operating cash flow $243M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +8% | +33% |
| Operating profit | −$326M | — | — |
| Net earnings | −$296M | — | — |
| Operating cash flow | $243M | -69% | +7% |
| Free cash flow | $233M | -70% | +27% |
What changed
Revenue was $1.4B in Q1 FY27, up 33% year over year and up 8% from the previous quarter. Product revenue was the largest line at 96% of revenue. Product revenue added $0.34B year over year (up 34%), 97% of the total change.
Gross margin was 66.6%, up 0.1 points from Q1 FY26. Operating costs exceeded revenue by $0.33B, an operating margin of -23.4%. Operating expenses grew 10% against revenue growth of 33%. The fastest-growing cost line was Sales & marketing (+28%). The quarter ended with a net loss of $0.30B, narrower than the previous quarter's $0.31B loss.
Operating cash flow was $0.24B (up 7% year over year). Non-cash charges added back $0.07B of depreciation and amortization and $0.40B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.01B left free cash flow of $0.23B.
Questions
What was Snowflake's revenue in the first quarter fiscal 2027?
Snowflake (SNOW) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +33% from a year earlier and +8% from the quarter before.
Was Snowflake profitable in the first quarter fiscal 2027?
Operating loss was $326M (-23.4% of revenue) and net loss $296M.
Source: Snowflake 10-Q on SEC EDGAR.