Filing Flows › Snowflake (SNOW) › Q2 FY27
Snowflake (SNOW) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 4, 2026
Snowflake (SNOW) reported revenue of $1.5B for the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier and +11% from the quarter before. Operating margin was -17.0%, net loss $192M (12.4% of revenue).
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.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +11% | +35% |
| Operating profit | −$263M | — | — |
| Net earnings | −$192M | — | — |
| Operating cash flow | $91.4M | -62% | +22% |
| Free cash flow | $83.8M | -64% | +44% |
What changed
Revenue was $1.5B in Q2 FY27, up 35% year over year and up 11% from the previous quarter. Product revenue was the largest line at 96% of revenue. Product revenue added $0.40B year over year (up 37%), 100% of the total change.
Gross margin was 67.0%, down 0.5 points from Q2 FY26. Operating costs exceeded revenue by $0.26B, an operating margin of -17.0%. Operating expenses grew 17% against revenue growth of 35%. The fastest-growing cost line was Sales & marketing (+22%). The quarter ended with a net loss of $0.19B, narrower than the previous quarter's $0.30B loss. Non-operating items added $0.07B, -40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.09B (up 22% year over year). Non-cash charges added back $0.07B of depreciation and amortization and $0.42B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.01B left free cash flow of $0.08B.
Questions
What was Snowflake's revenue in the second quarter fiscal 2027?
Snowflake (SNOW) reported revenue of $1.5B for the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier and +11% from the quarter before.
Was Snowflake profitable in the second quarter fiscal 2027?
Operating loss was $263M (-17.0% of revenue) and net loss $192M.
Source: Snowflake 10-Q on SEC EDGAR.