SNOW Expands in Cloud Analytics: Is the Growth Thesis Strengthening?

Key Takeaways Snowflake posted Q2 product revenue of $1.09B, up 32% year over year. Customer base grew 19% to 12,062, with 654 clients generating over $1M each. Azure growth of 40% and Siemens tie-up boost Snowflake's AI Data Cloud momentum. Snowflake (SNOW) is benefiting from its strong position as a leader in cloud-based data analytics and AI-driven solutions, which is driving robust growth. In the second quarter of fiscal 2026, SNOW reported product revenues of $1.09 billion, up 32% year over year.The co ...