SNOW Q4 2026 Earnings

Call Details

• Call Title: Snowflake Q4 2026 Earnings Call
• Date: February 25, 2026 at 10:00 PM UTC
• Management Team:
  • Sridhar Ramaswamy (Chief Executive Officer)
  • Brian Robins (Chief Financial Officer)
  • Christian Kleinerman (Executive Vice President of Product)
  • Katherine McCracken (Head of Investor Relations)

Call Summary

Financial Performance

• Product revenue in Q4 grew 30% year over year to reach $1.23B.
• Remaining performance obligations totaled $9.77B, with year over year growth accelerating to 42%.
• Net revenue retention was 125% for the quarter.
• FY26 non-GAAP product gross margin was 75.8% and FY26 non-GAAP operating margin reached 10.5%, expanding more than 400 basis points year over year.
• FY26 non-GAAP adjusted free cash flow margin was 25.5%.
• The company ended the quarter with $4.8B in cash, cash equivalents, short-term and long-term investments.

ARR / Recurring Revenue Growth

• The company reported more than 13,300 customers across all products.
• Snowflake added 2,332 net new customers for the fiscal year and added 740 net new customers in Q4, representing 40% year-over-year growth for the quarter's net adds.
• There are 733 customers spending more than $1M on a trailing 12-month basis, representing 27% year-over-year growth.
• A record 56 customers crossed $10M in trailing 12-month spend, up 56% year over year.
• The largest contract signed in the quarter exceeded $400M in total contract value and the company signed seven nine-figure contracts in the quarter compared to two in the prior-year period.
• Remaining performance obligations growth and large multi-year bookings were cited as indicators of durable recurring revenue expansion.