Core Viewpoint - Snowflake's Q4 revenue reached $986.8 million, a 27% year-over-year increase, driven by increased orders and accelerated AI product deployment, exceeding analyst expectations [2][3][5]. Financial Performance - Q4 total revenue was $986.8 million, with a 27% year-over-year growth and adjusted EPS of $0.30, surpassing the expected $0.18 [2][5]. - Product revenue for Q4 was $943.3 million, up 28% year-over-year, accounting for 96% of total revenue [5]. - Remaining Performance Obligations (RPO) for Q4 stood at $687 million, with a total of $3.77 billion for the year, indicating strong demand for long-term contracts [5]. - The company reported a non-GAAP net profit of $300 million for the year, with a Q4 non-GAAP product gross margin of 76%, slightly up from 75% the previous year [6]. Cost Structure - Sales and marketing expenses accounted for 44% of total revenue, which is relatively high compared to industry standards [7]. Growth Drivers - Key growth drivers included the acquisition of large customers (39 new million-dollar clients) and product upgrades, particularly in AI/ML tools [8]. - The company expects Q1 FY2026 product revenue to reach between $955 million and $960 million, a year-over-year growth of 21-22% [8]. Strategic Partnerships - Snowflake announced a partnership with OpenAI, allowing customers to access OpenAI's models directly through its system, enhancing its AI product offerings [10][12]. Competitive Landscape - Snowflake faces intense competition from major tech giants like AWS, Microsoft Azure, and Google Cloud, but its strong financial performance indicates that its differentiated strategy is effective [11].