secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001640147-24-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake Q2 product revenue $829M (+30% YoY), raises FY guidance, authorizes $2.5B buyback
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- Product revenue $829.3M (+30% YoY); total revenue $868.8M (+29% YoY).
- Remaining performance obligations $5.2B (+48% YoY); 510 customers with >$1M product revenue.
- GAAP operating loss ($355.3M) (-41% margin); non-GAAP operating income $43.7M (5% margin).
- Free cash flow $58.8M; adjusted free cash flow $66.0M.
- Board authorized additional $2.5B stock repurchase through March 2027; raised full-year product revenue guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000203/0001640147-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014724000203/snow-20240821.htm
  HTML page:      https://secwatch.observer/filing/0001640147-24-000203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer