Snowflake Q1 product revenue $1.33B (+34% YoY); raises FY guidance, acquires Natoma

Snowflake Inc.

Product revenue $1.33B (+34% YoY); total revenue $1.39B (+33%). Net revenue retention 126%.
779 customers with >$1M trailing 12-month product revenue (+29% YoY). RPO $9.21B (+38%).
Raised full-year product revenue guidance citing AI acceleration. Strongest sequential dollar growth in history.
Signed definitive agreement to acquire Natoma (enterprise MCP platform for AI agents) and expanded AWS partnership with $6B multi-year agreement.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snowflake Inc. reported the first quarter of fiscal 2027, ended April 30, 2026 results: revenue $1.39 billion. Guidance raised.

Period: the first quarter of fiscal 2027, ended April 30, 2026
Revenue: $1.39 billion
Guidance: raised
Result: reported results

Exact text from the filing

Snowflake Reports Financial Results for the First Quarter of Fiscal 2027 Product revenue of $1.33 billion in the first quarter, representing 34% year-over-year growth Financial Highlights: • Revenue of $1.39 billion in the first quarter, representing 33% year-over-year growth

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Snowflake Inc. filing history →

Source: SEC EDGAR

accession 0001640147-26-000027

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