Financial Performance - Product revenue reached $1.09 billion in Q2 FY26, representing a 32% year-over-year growth[53] - The company's net revenue retention rate was 125% in Q2 FY26[41] - Non-GAAP product gross margin was 76% in Q2 FY26[41] - Non-GAAP operating margin was 11% in Q2 FY26[75] - The company had 654 customers with over $1 million in product revenue, a 30% year-over-year growth[41, 67] - Remaining Performance Obligations (RPO) reached $6.93 billion, with 50% expected to be recognized as revenue in the next twelve months[57] Customer and Market Growth - The company's total customer base grew to 12,062[61] - Forbes Global 2000 customers increased to 751[63] - The company estimates its Total Addressable Market (TAM) has more than doubled[38] AI Data Cloud - 40% of customers have at least one stable edge in data sharing[85] - Marketplace listings grew by 21% year-over-year to 3,400[85] Fiscal Year 2026 Guidance - The company projects product revenue of $4.395 billion for FY26[88] - The company projects Non-GAAP operating margin of 9% for FY26[88]

This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non- ...

SNOWFLAKE INVESTOR PRESENTATION First Quarter Fiscal 2026 © 2025 Snowflake Inc. All Rights Reserved Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of ...

Core Insights - Snowflake has evolved from a traditional data warehouse into a comprehensive platform that serves as a control center for businesses managing data and AI [3] - The platform now encompasses various functionalities including engineering, data sharing, application development, and AI workflows [3] Company Developments - Snowflake's integration capabilities have expanded, allowing for a more robust handling of data across different business functions [3]

Financial Data and Key Metrics Changes - Product revenue for Q4 was $943 million, representing a 28% year-over-year increase [11] - Remaining performance obligations totaled $6.9 billion, with a year-over-year growth of 33% [12] - Net revenue retention was reported at 126% [12] - Non-GAAP operating margin increased to 9% in Q4, while non-GAAP adjusted free cash flow margin was 43% [12][37] - For FY '25, product revenue grew 30% year-over-year to reach $3.5 billion [32] Business Line Data and Key Metrics Changes - New products, particularly Snowpark, contributed 3% of FY '25 product revenues, indicating strong adoption of new data engineering and AI features [32] - Technology customers outperformed, while financial services remained the top vertical [33] Market Data and Key Metrics Changes - EMEA was identified as a source of strength in Q4 [33] - Several large customers ran out of capacity before their contract end date, indicating strong consumption patterns [34] Company Strategy and Development Direction - The company aims to deliver the world's best end-to-end data platform powered by AI, focusing on operational rigor and efficiency while investing in growth [9][10] - The company is expanding its product offerings, including new connectors and capabilities for data integration and collaboration [27] - The focus on AI and machine learning is expected to drive future growth, with over 4,000 customers using AI and ML technology weekly [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong core business and the potential for new product features to contribute to growth in the second half of FY '26 [40][41] - The company anticipates stable growth within its core business, with new product features expected to enhance year-over-year growth rates [40] Other Important Information - The company plans to host an Investor Day in conjunction with its Summit conference in June 2026 [42] - The CFO announced plans to retire once a successor is in place, indicating a transition in leadership [44] Q&A Session Summary Question: Insights on large customers exhausting commitments - Management expects large customers to sign new commitments after exhausting their capacity, which is a common occurrence [50][52] Question: Adoption trends within the data engineering portfolio - Management noted robust adoption of technologies like Snowpark and emphasized the importance of new product features in driving customer engagement [56][58] Question: Interpretation of recent partnerships in the data space - Management highlighted the importance of partnerships with companies like ServiceNow and Salesforce, emphasizing the value of data integration and customer choice [67][72] Question: Adjacent opportunities for the company's offerings - Management acknowledged the significance of streaming and ingestion as critical areas for investment and development [82][84] Question: Guidance for the upcoming year - Management expressed confidence in the guidance provided, indicating that it reflects a thoughtful approach to revenue expectations [88][130]

SNOWFLAKE INVESTOR PRESENTATION Fourth Quarter Fiscal 2025 © 2025 Snowflake Inc. All Rights Reserved Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number o ...