A Statistical Blackout
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Read the storySnowflake
Snowflake provides a cloud platform for storing, sharing, analyzing, and applying AI to enterprise data. Its AI Data Cloud combines governed information with Cortex models, search, agents, and development tools for technical and business users.
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At a glance
Founded in 2012, Snowflake built a cloud-native data platform and completed its IPO in September 2020. Snowpark, Streamlit, and Cortex expanded its scope from analytics into application development and AI. Arctic added an openly licensed model, while Cortex Agents and CoCo support enterprise workflows. In its fiscal 2027 second quarter, ended July 31, 2026, Snowflake recognized $1.55 billion in total revenue, including $1.49 billion of product revenue; neither figure is AI-only revenue or ARR.
- Founded
- 2012 ↗
- Public listing
- NYSE: SNOW; IPO completed September 2020 ↗
- Latest reported fiscal period
- Q2 fiscal 2027, ended July 31, 2026; announced September 2, 2026 ↗
- Quarterly company revenue
- $1.546793 billion in Q2 FY2027, up 35% year over year; recognized revenue, not ARR ↗
- Quarterly product revenue
- $1.491861 billion in Q2 FY2027, up 37% year over year; not an AI-only segment ↗
- Net revenue retention
- 126% in Q2 FY2027 ↗
- Remaining performance obligations
- $9.00 billion at Q2 FY2027; contracted obligations, not recognized revenue or ARR ↗
Sources checked . Financing, revenue run rates and recognized revenue are distinguished below.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Q2 FY2027 product revenue reaches $1.49 billion
For the quarter ended July 31, 2026, Snowflake recognized $1.55 billion in total revenue and $1.49 billion in product revenue, growing 35% and 37% respectively. These are company and product totals.
Source: Snowflake earnings release filed with SEC ↗CoCo expands enterprise AI development
Snowflake announced expanded CoCo coding-agent capabilities, including a native desktop application and integrations with developer tools. The agent connects enterprise data context to workflows, applications, and AI development across work environments.
Source: Snowflake press release ↗CoWork adds personal agent capabilities
Snowflake announced CoWork innovations for knowledge workers, including artifacts, personalization, and Cortex Sense capabilities. The announcement positioned governed business data and context as the foundation for moving from analysis toward action.
Source: Snowflake press release ↗Cortex Agents becomes generally available
Snowflake made Cortex Agents generally available. Agents plan tasks and use Cortex Analyst for structured data and Cortex Search for unstructured data, combining tool execution, response generation, and monitoring.
Source: Snowflake release notes ↗Microsoft partnership expands access to OpenAI models
Snowflake announced an expanded Microsoft partnership to integrate Azure OpenAI Service into Cortex AI. The release also outlined planned Cortex Agents integration with Microsoft 365 Copilot and Teams, rather than claiming immediate availability.
Source: Snowflake press release ↗Arctic releases an enterprise-focused open model
Snowflake launched Arctic, a mixture-of-experts language model aimed at enterprise tasks including SQL and instruction following. It released model weights under Apache 2.0 and published details of the training research.
Source: Snowflake press release ↗Cortex brings managed AI models to enterprise data
Snowflake unveiled Cortex in private preview, providing managed language models, specialized AI functions, and vector-search capabilities. The service also underpinned preview experiences including Copilot, Universal Search, and Document AI.
Source: Snowflake press release ↗Snowflake announces acquisition of Neeva
Snowflake announced it was acquiring Neeva to bring generative search and conversational retrieval technology into its Data Cloud. The post describes the strategic combination but does not provide a separate closing date.
Source: Snowflake cofounder announcement ↗Definitive agreement signed for Streamlit
Snowflake and Streamlit signed a definitive acquisition agreement to connect Python-based data applications with governed enterprise information. At announcement, completion remained subject to regulatory approvals and customary conditions; it was not a closing announcement.
Source: Snowflake press release ↗Snowpark broadens the developer platform
Snowflake unveiled Snowpark to let developers execute data engineering and data science workloads using familiar programming languages. Initially available in testing environments, it expanded the platform beyond SQL-centric analytics.
Source: Snowflake press release ↗Snowflake completes its IPO
Snowflake completed its initial public offering in September 2020, selling 32.2 million Class A shares including the underwriters’ option. Its filing reports approximately $3.7 billion in net IPO proceeds.
Source: Snowflake annual report ↗Snowflake is founded
Snowflake was founded in 2012 and developed a cloud-native data platform. Its later Data Cloud strategy connected enterprise analytics, governed data sharing, applications, and AI across multiple public-cloud environments.
Source: Snowflake official company announcement ↗
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