Snowflake Posts 32% Growth in Fiscal Q2

Snowflake (NYSE:SNOW) reported Q2 FY2026 results on August 27, 2025, achieving product revenue of $1.09 billion, a 32% year-over-year growth, exceeding forecasts by $51 million. Despite an 11% non-GAAP operating margin and steady net revenue retention at 125%, management anticipates a slowdown in product revenue growth to 27%-25% for FY2026 due to increased investments and competitive pressures.

Want More Context? 🔎