Filing Flows › Snowflake (SNOW) › Q3 FY26
Snowflake (SNOW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 5, 2025
Snowflake (SNOW) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +29% from a year earlier and +6% from the quarter before. Operating margin was -27.2%, net loss $292M (24.0% of revenue).
Snowflake, Q3 FY26: revenue $1.2B (+29% year over year), operating margin -27.2%, net loss $292M, operating cash flow $138M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | +29% |
| Operating profit | −$329M | — | — |
| Net earnings | −$292M | — | — |
| Operating cash flow | $138M | +84% | +35% |
| Free cash flow | $114M | +95% | +29% |
What changed
Revenue was $1.2B in Q3 FY26, up 29% year over year and up 6% from the previous quarter. Product revenue was the largest line at 96% of revenue. Product revenue added $0.26B year over year (up 29%), 95% of the total change.
Gross margin was 67.8%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $0.33B, an operating margin of -27.2%. Operating expenses grew 17% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+26%). The quarter ended with a net loss of $0.29B, narrower than the previous quarter's $0.30B loss.
Operating cash flow was $0.14B (up 35% year over year). Non-cash charges added back $0.06B of depreciation and amortization and $0.41B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.02B left free cash flow of $0.11B.
Questions
What was Snowflake's revenue in the third quarter fiscal 2026?
Snowflake (SNOW) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +29% from a year earlier and +6% from the quarter before.
Was Snowflake profitable in the third quarter fiscal 2026?
Operating loss was $329M (-27.2% of revenue) and net loss $292M.
Source: Snowflake 10-Q on SEC EDGAR.