Snowflake's Q2 revenue surged 37% to $1.49 billion as the company successfully positioned its data cloud as the central control plane for enterprise AI, resulting in record sequential growth and improved operating margins.
Snowflake reported Q2 FY2027 product revenue of $1.49 billion, up 37% year over year, with non-GAAP operating margin expanding over 400 basis points.
Snowflake reported strong Q2 FY2027 results, with product revenue reaching $1.49 billion, a 37% increase year-over-year. The company saw significant margin expansion of over 400 basis points, driven by the rapid adoption of its AI-powered products, Cortex and CoWork, as enterprises increasingly leverage the platform for agentic workflows.
Growth is primarily driven by the integration of AI workloads onto the platform, the rapid adoption of Cortex and CoWork AI products, and a structural multiplier effect where AI usage increases overall platform consumption.