---
schema_version: "secwatch.filing_event.v1"
accession: "0001640147-23-000193"
form_type: "8-K"
ticker: "SNOW"
cik: "0001640147"
company_name: "Snowflake Inc."
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:51:32.888716+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snowflake Q2 product rev $640M (+37% YoY); severance plan amended for CEO/CFO

## Summary
- Product revenue $640.2M (+37% YoY); 402 customers with >$1M trailing product rev (+62% YoY).
- Net revenue retention 142%; remaining performance obligations $3.5B (+30% YoY).
- GAAP operating loss $285.4M; non-GAAP operating income $54.2M; adjusted free cash flow $88.2M.
- Confirmatory offer letters executed for CEO, CFO, CRO, President, and two SVPs with 3-year terms.
- CEO/CFO new equity awards after Aug 22, 2023 will have double-trigger vesting, no single-trigger.

## SEC filing metadata
- accession: 0001640147-23-000193
- form_type: 8-K
- ticker: SNOW
- cik: 0001640147
- company_name: Snowflake Inc.
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000193/0001640147-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000193/snow-20230822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640147-23-000193
- JSON: https://secwatch.observer/filing/0001640147-23-000193.json
- Plain text: https://secwatch.observer/filing/0001640147-23-000193.txt

## Key facts
- Earnings Releases
  Snowflake Inc. reported second quarter of fiscal 2024 results: revenue $674.0 million.
  - Period: second quarter of fiscal 2024
  - Revenue: $674.0 million
  - Result: reported results
  source text: Revenue for the quarter was $674.0 million, representing 36% year-over-year growth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000193/0001640147-23-000193-index.htm
- Earnings Releases
  Snowflake Inc. reported fiscal quarter ended July 31, 2023 results: revenue $674.0 million.
  - Period: fiscal quarter ended July 31, 2023
  - Revenue: $674.0 million
  - Result: reported results
  source text: 2023 - Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its second quarter of fiscal 2024, ended July 31, 2023. Revenue for the quarter was $674.0 million, representing 36% year-over-year growth. Product revenue for the quarter was $640.2 million, representing 37% year-over-year growth. The company now has 402 customers with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014723000193/0001640147-23-000193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.