Filing Flows › Snowflake (SNOW) › Q2 FY27 › vs Q1 FY27
Snowflake (SNOW) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Snowflake's revenue rose $156M (+11%) from $1.4B in Q1 FY27 to $1.5B in Q2 FY27. The biggest changes: Product revenue +$158M (+12%); Professional services and other revenue −$1.7M (-3%).
Snowflake, Q2 FY27: revenue $1.5B (+35% year over year), operating margin -17.0%, net loss $192M, operating cash flow $91.4M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Free cash flow margin | 5.4% | 16.7% | -11.3 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Product revenue | $1.5B | $1.3B | $158M | +12% |
| Professional services and other revenue | $54.9M | $56.6M | −$1.7M | -3% |
| Revenue | $1.5B | $1.4B | $156M | +11% |
| Other income, net | $74.7M | $29.5M | $45.2M | +153% |
| Net loss | $192M | $296M | −$104M | -35% |
| Costs & expenses | $1.8B | $1.7B | $96.1M | +6% |
| Operating costs | $1.8B | $1.7B | $92.7M | +5% |
| Income tax | $3.4M | −$1.1M | $4.5M | — |
| Cost of revenue | $510M | $464M | $45.6M | +10% |
| Research & development | $567M | $535M | $32.5M | +6% |
| Sales & marketing | $612M | $589M | $22.7M | +4% |
| General & admin | $121M | $129M | −$8.1M | -6% |
| Operating cash sources | $492M | $470M | $22.1M | +5% |
| Depreciation & amortization | $68.6M | $67.6M | $1.0M | +2% |
| Share-based compensation | $424M | $402M | $21.1M | +5% |
| Net loss absorbed | $192M | $296M | −$104M | -35% |
| Working capital & other | $209M | −$68.7M | $278M | — |
| Operating cash flow | $91.4M | $243M | −$152M | -62% |
| Free cash flow (OCF − capex) | $83.8M | $233M | −$149M | -64% |
| Capital expenditures | $7.6M | $10.5M | −$2.9M | -28% |
Questions
How much did Snowflake's revenue grow quarter over quarter in Q2 FY27?
Snowflake's revenue rose $156M (+11%) from $1.4B in Q1 FY27 to $1.5B in Q2 FY27.
What drove Snowflake's revenue change in Q2 FY27?
Product revenue +$158M (+12%); Professional services and other revenue −$1.7M (-3%).