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Snowflake Q2 FY2027: product revenue $1.49B up 37%, RPO $9.00B
Snowflake reported second-quarter fiscal 2027 results for the quarter ended July 31, 2026: product revenue of $1.49 billion, up 37% year over year, inside total revenue of $1.55 billion, up 35%; net revenue retention of 126%; 828 customers with trailing-12-month product revenue above $1 million, up 27%; and remaining performance obligations of $9.00 billion, up 30% year over year. Figures quoted from the company's 8-K exhibit.
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Snowflake Reports Financial Results for the Second Quarter of Fiscal 2027 Product revenue of $1.49 billion in the second quarter, representing 37% year-over-year growth Financial Highlights: • Revenue of $1.55 billion in the second quarter, representing 35% year-over-year growth • Net revenue retention rate of 126% • 828 customers with trailing 12-month product revenue greater than $1 million, representing 27% year-over-year growth • 829 Forbes Global 2000 customers • Remaining performance obligations of $9.00 billion, representing 30% year-over…