earnings
confidence high
sentiment positive
materiality 0.85
Snowflake Q2 product revenue $466.3M (+83% YoY), RPO $2.7B, 171% NRR
Snowflake Inc.
2023-Q2 EPS reported
-$1.23
revenue$919,619,000
- Product revenue $466.3M (+83% YoY); total revenue $497.2M (+83% YoY).
- Remaining performance obligations $2.7B (+78% YoY); net revenue retention 171%.
- 6,808 total customers; 246 customers with >$1M trailing product revenue.
- Non-GAAP product gross margin 75%; non-GAAP operating income $17.5M vs GAAP loss ($207.7M).
- Free cash flow $53.8M (11% margin); adjusted free cash flow $58.6M (12% margin).