Overview

• Revenue reached $1.14 billion versus $1.09 billion expected, and adjusted earnings were $0.35 per share versus $0.27 expected.
• The company now guides Q3 product revenue to $1.125 billion to $1.13 billion and full-year product revenue to $4.395 billion, representing 27% growth.
• Shares rose about 11% in after-hours trading, recently changing hands near $222.28.
• Management reported that more than 6,100 accounts use Snowflake AI weekly and that 654 customers generated over $1 million in trailing 12‑month product revenue.
• Key operating metrics included 32% year-over-year total revenue growth, a 125% net revenue retention rate, $6.9 billion in remaining performance obligations, and about $1.88 billion in cash.