Filing Flows › Snowflake (SNOW) › Q2 FY27 › vs Q2 FY26
Snowflake (SNOW) Q2 FY27 vs Q2 FY26 (year over year)
Snowflake's revenue rose $402M (+35%) from $1.1B in Q2 FY26 to $1.5B in Q2 FY27. The biggest changes: Product revenue +$401M (+37%); Professional services and other revenue +$459K (+0.8%).
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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 5.4% | 5.1% | +0.3 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product revenue | $1.5B | $1.1B | $401M | +37% |
| Professional services and other revenue | $54.9M | $54.5M | $459K | +0.8% |
| Revenue | $1.5B | $1.1B | $402M | +35% |
| Other income, net | $74.7M | $42.4M | $32.3M | +76% |
| Net loss | $192M | $298M | −$106M | -36% |
| Costs & expenses | $1.8B | $1.5B | $328M | +22% |
| Operating costs | $1.8B | $1.5B | $325M | +22% |
| Income tax | $3.4M | $62K | $3.4M | 55× |
| Cost of revenue | $510M | $372M | $138M | +37% |
| Research & development | $567M | $492M | $75.5M | +15% |
| Sales & marketing | $612M | $502M | $110M | +22% |
| General & admin | $121M | $119M | $1.1M | +0.9% |
| Operating cash sources | $492M | $459M | $33.2M | +7% |
| Depreciation & amortization | $68.6M | $54.8M | $13.8M | +25% |
| Share-based compensation | $424M | $404M | $19.4M | +5% |
| Net loss absorbed | $192M | $298M | −$106M | -36% |
| Working capital & other | $209M | $86.2M | $123M | +143% |
| Operating cash flow | $91.4M | $74.9M | $16.5M | +22% |
| Free cash flow (OCF − capex) | $83.8M | $58.2M | $25.6M | +44% |
| Capital expenditures | $7.6M | $16.7M | −$9.1M | -55% |
Questions
How much did Snowflake's revenue grow year over year in Q2 FY27?
Snowflake's revenue rose $402M (+35%) from $1.1B in Q2 FY26 to $1.5B in Q2 FY27.
What drove Snowflake's revenue change in Q2 FY27?
Product revenue +$401M (+37%); Professional services and other revenue +$459K (+0.8%).