Overview
- Revenue rose 29% year over year to $1.21 billion in fiscal Q3, with adjusted EPS of $0.35 and net revenue retention of 125%.
- AI revenue reached $100 million a quarter ahead of plan, with more than 1,200 customers using Snowflake Intelligence.
- Snowflake added a record 615 new customers, and AI offerings accounted for about half of quarterly bookings.
- The company reported four deals over $100 million, including a $200 million partnership with Anthropic to bring Claude-powered AI agents to enterprises.
- Shares fell after results but remain up nearly 50% for the year as investors weigh premium valuation and guidance pointing to further Q4 deceleration.