Snowflake Q2 FY27 net loss narrows to $191.72 million; revenue rises 35% to $1.55 billion - SNOW News | RalliesSnowflake Q2 FY27 net loss narrows to $191.72 million; revenue rises 35% to $1.55 billion
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SNOW• Snowflake reports higher revenue and narrower loss in Q2 FY2027
- Snowflake Q2 FY2027 revenue rose 35% year over year to USD 1.55 billion; product revenue climbed 37% to USD 1.49 billion.
- GAAP net loss narrowed to USD 191.72 million; GAAP net loss per share improved to USD 0.55.
- Net revenue retention rate was 126%; remaining performance obligations increased 30% to USD 9 billion.
- Customer base expanded with 692 net new customers; 828 customers generated over USD 1 million in trailing-12-month product revenue, up 27%.
- Forecast calls for Q3 product revenue of USD 1.59 billion; full-year product revenue outlook lifted to USD 6.07 billion.
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