Snowflake reported product revenue of $1.09 billion in the second quarter, marking a 32% year-over-year growth.
The net revenue retention rate was 125%.
The company has 654 customers with trailing 12-month product revenue exceeding $1 million and 751 Forbes Global 2000 customers.
Revenue Growth
Product revenue for the quarter was $1.09 billion, showing a 32% year-over-year increase.
Customer Base Expansion
Snowflake now has 654 customers with trailing 12-month product revenue greater than $1 million.
Financial Performance
Net revenue retention rate stood at 125% as of July 31, 2025.
Global Presence
The company serves 751 Forbes Global 2000 customers, reflecting a 5% year-over-year growth.
Future Outlook
Guidance for the third quarter of fiscal 2026 indicates a 25-26% year-over-year growth in product revenue.
- Snowflake delivered another strong quarter with a 32% increase in product revenue and maintaining a net revenue retention rate of 125%.
- The company's expanding customer base and global presence demonstrate its continued growth and market acceptance.
Snowflake's strong financial performance in the second quarter of fiscal 2026, along with positive growth indicators and future guidance, positions the company for continued success in the AI Data Cloud industry.