Software & data
Snowflake
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Snowflake sells a consumption-based data platform with AI services. Product revenue depends on actual usage, credit pricing and cloud costs. Cortex AI Gateway extends monitoring and cost controls but its preview status is distinct from general availability.
Earnings and disclosures
Latest verified results: Q2 fiscal 2027, ended July 31, 2026 · Released 2026-09-02
Next results: No next results date listed in the official event listings checked 2026-10-18.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For fiscal Q2 2027, ended July 31, Snowflake reported $1.547 billion of revenue, $91.4 million of operating cash flow and $83.8 million of free cash flow, with a $191.7 million GAAP net loss. July cash and investments totaled $4.329 billion.
Delivery and commitments
CoCo and CoWork had about 9,100 and 5,800 average weekly-use accounts. Management attributed some acceleration to AI revenue growth without disclosing its dollar amount. Cortex AI Gateway appeared in September’s open-preview features.
Costs, funding and dependencies
Customer consumption optimization, AI pricing and hosting costs affect margins. An October 2 filing confirmed a $3.75 billion convertible offering. Gross proceeds are not current cash after transaction costs and repurchases, and capped calls do not eliminate repayment or dilution risk.
What to watch next
Track sustained paid usage and AI contribution alongside the core data platform. The improved fiscal 2027 product-revenue and margin outlook includes multiple business drivers; it is not entirely an AI forecast.
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
No named tracked-project role has been established by the evidence used for this profile. This does not mean the company has no AI exposure.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.