Welcome to our dedicated page for Snowflake news (Ticker: SNOW), a resource for investors and traders seeking the latest updates and insights on Snowflake stock.
Snowflake Inc. develops the AI Data Cloud, a cloud-native platform used by enterprises to build, use and share data, applications and AI across governed data environments. Company news commonly covers financial results, product revenue trends, customer adoption, platform expansion and go-to-market execution.
Recurring updates include AI and data-product announcements tied to Snowflake Intelligence, Cortex Code and Project SnowWork; customer and industry research on generative and agentic AI; user-conference developments; and leadership changes affecting revenue, sales and governance roles. Snowflake’s disclosures also emphasize data sharing, interoperability, security and governance as operating themes within its enterprise software platform.
Sayari is rebuilding its Commercial World Model on Snowflake's AI Data Cloud, turning a decade of primary-source deep web data into a single AI-ready foundation for its products.
The company will reprocess 12 billion records from 715 sources across 250 jurisdictions, including about 1 billion original documents in more than 20 languages and scripts. Sayari estimates earlier deterministic extraction left up to 75% of useful contextual information uncaptured. The Snowflake-based rebuild is expected to make that data readable at global scale and to cut Sayari's data infrastructure costs by more than 50%, based on company projections.
Snowflake (SNOW) reported second quarter fiscal 2027 results for the period ended July 31, 2026, highlighted by strong product revenue growth and raised full-year guidance.
Total revenue was $1.55 billion, up 35% year-over-year, including product revenue of $1.49 billion, up 37%. Net revenue retention was 126%. The company reported 828 customers with over $1 million in trailing 12‑month product revenue, up 27% year-over-year, and 829 Forbes Global 2000 customers. Remaining performance obligations were $9.00 billion, up 30% year-over-year.
GAAP product gross profit was $1.06 billion (70.9% margin) and non-GAAP product gross profit was $1.11 billion (74.7% margin. GAAP operating loss was $263.0 million (‑17.0% margin), while non-GAAP operating income was $237.0 million (15.3% margin). Net cash from operations was $91.4 million (5.9% of revenue) and adjusted free cash flow was $92.3 million (6.0% of revenue).
Snowflake added 692 net new customers, up 32% year-over-year, including 14 net new Forbes Global 2000 customers. AI offerings CoCo and CoWork reached 9,100 and 5,800 accounts, respectively. For Q3, Snowflake guides to product revenue of $1.588–$1.593 billion (37–38% growth) and a non-GAAP operating margin of 15.5%. For fiscal 2027, it raised product revenue guidance to $6.07 billion (36% growth) and now expects non-GAAP operating margin of 14.5% and non-GAAP adjusted free cash flow margin of 23.0%.
Snowflake (NYSE: SNOW) announced dynamic model routing in Cortex AI Gateway and its flagship AI products Snowflake CoCo and Snowflake CoWork, aiming to improve AI economics by automatically selecting models based on quality, speed, preferences, and cost for each task.
The company is expanding access to leading open models, including DeepSeek-V4-Flash 0731 and GLM-5.3, while keeping governed data within Snowflake. New controls let enterprises track token usage and costs, allocate spend by team, set quotas and limits, and manage AI consumption across apps and agents. Internal testing shows mixed-model routing can maintain quality while materially improving token efficiency in tasks like building dbt pipelines and handling engineering pull-requests.
Snowflake (NYSE: SNOW) announced that CEO Sridhar Ramaswamy and CFO Brian Robins will present at the Goldman Sachs Communacopia + Technology Conference 2026 on September 8, and that Robins will speak at Citi’s 2026 Global TMT Conference on September 10 and Piper Sandler’s Growth Frontiers Conference on September 15. Webcasts will be available via Snowflake’s investor relations website for 30 days.
Snowflake (NYSE: SNOW) plans to release its financial results for the second quarter of fiscal year 2027, covering the period ended July 31, 2026, after U.S. market close on Wednesday, September 2, 2026. The company will discuss the results on a same-day conference call and live webcast.
The call begins at 2 p.m. Pacific Time on September 2, 2026, with U.S. participants dialing 1-800-330-6730 and international participants dialing 1-646-769-9500 using access code 102163. A replay will be available for 30 days on Snowflake’s investor relations website.
Snowflake (NYSE: SNOW) introduced Cortex AI Gateway, a centralized AI gateway designed to secure and govern interoperable AI agents across enterprise data, applications, tools, and models, while giving organizations unified visibility into AI access, activity, and consumption costs.
The gateway orchestrates both first-party agents like Snowflake CoWork and CoCo and third-party agents such as Claude Code and Cursor, supports 100+ MCP servers, and incorporates technology from Snowflake’s May 2026 acquisition of Natoma. Snowflake also announced new secure third-party agent access integrations with 1Password, Aembit, Linx Security, Okta, SailPoint, and Saviynt, alongside broader AI security advances based on zero-trust principles, with several capabilities moving into general availability and preview stages.
Snowflake (NYSE: SNOW) was selected by Unlimitail to power its Global Retail Media Data Hub using Snowflake Data Clean Rooms. The platform will enable privacy-preserving, closed-loop retail media across 120 retail sites, reaching 250 million shoppers and over 3 billion page views per month.
The hub will let retailers, brands, publishers and data partners activate and collaborate on first-party data without moving raw data outside each retailer’s environment, aiming to prove campaign ROI using real checkout transaction data across Europe and Latin America.
Snowflake (NYSE: SNOW) announced that Thomson Reuters is building its enterprise AI and data platform on Snowflake to deliver trusted, governed intelligence at scale. Thomson Reuters uses Snowflake across 37,500+ governed tables and 350 data sources, with 1,500+ users running key workloads up to 3.4x faster.
Snowflake (NYSE:SNOW) announced that biopharma leader Sanofi is standardizing on Snowflake’s AI Data Cloud to support AI-powered drug development and commercial operations. Sanofi is deploying Snowflake Cortex AI, CoWork, and partner Elementum across R&D, manufacturing, procurement, IT, HR, and field sales.
A new AI agent, “Concierge for Field”, uses Snowflake to generate pre-call plans for sales reps in seconds, using physician specialty, prescribing history, and prior engagement data, aiming to speed decisions and help bring therapies to patients faster.
Snowflake (NYSE:SNOW) announced an open, interoperable framework for enterprise data and AI at Snowflake Summit 2026. The company is introducing Apache Iceberg v3 support, Snowflake Storage for Apache Iceberg Tables, and the Horizon Catalog powered by Apache Polaris to unify governance across systems.
These capabilities let organizations work on a single, live, governed data copy across Snowflake, external lakes, and open ecosystems, with zero-copy integrations to major platforms and natural-language AI access via CoCo and agent-based data sharing.