Filing Flows › Snowflake (SNOW) › Q2 FY26
Snowflake (SNOW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 5, 2025
Snowflake (SNOW) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +32% from a year earlier and +10% from the quarter before. Operating margin was -29.7%, net loss $298M (26.0% of revenue).
Snowflake, Q2 FY26: revenue $1.1B (+32% year over year), operating margin -29.7%, net loss $298M, operating cash flow $74.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +10% | +32% |
| Operating profit | −$340M | — | — |
| Net earnings | −$298M | — | — |
| Operating cash flow | $74.9M | -67% | +7% |
| Free cash flow | $58.2M | -68% | -10% |
What changed
Revenue was $1.1B in Q2 FY26, up 32% year over year and up 10% from the previous quarter. Product revenue was the largest line at 95% of revenue. Product revenue added $0.26B year over year (up 32%), 95% of the total change.
Gross margin was 67.5%, up 0.7 points from a year earlier. Operating costs exceeded revenue by $0.34B, an operating margin of -29.7%. Operating expenses grew 19% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+25%). The quarter ended with a net loss of $0.30B, narrower than the previous quarter's $0.43B loss.
Operating cash flow was $0.07B (up 7% year over year). Non-cash charges added back $0.05B of depreciation and amortization and $0.40B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.02B left free cash flow of $0.06B.
Questions
What was Snowflake's revenue in the second quarter fiscal 2026?
Snowflake (SNOW) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +32% from a year earlier and +10% from the quarter before.
Was Snowflake profitable in the second quarter fiscal 2026?
Operating loss was $340M (-29.7% of revenue) and net loss $298M.
Source: Snowflake 10-Q on SEC EDGAR.