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# Snowflake product revenue climbs 37% to $1.49B and outlook rises to $6.07B
- URL: https://www.enterprisey.com/snowflake-product-revenue-climbs-37-to-1-49b-and-outlook-rises-to-6-07b/
- Published: 2026-09-02T21:45:00.000Z
- Updated: 2026-10-26T04:15:53.000Z
- Description: Snowflake reported fiscal Q2 revenue of $1.55B, up 35%, and raised full-year product revenue guidance to $6.07B from $5.84B, citing AI-driven demand.
- Author: Enterprisey Admin
- Tags: News, Earnings

Snowflake reported fiscal Q2 revenue of $1.55B, up 35%, and raised full-year product revenue guidance to $6.07B from $5.84B, citing AI-driven demand. ([Business Wire](https://www.businesswire.com/news/home/20260902386235/en/Snowflake-Reports-Financial-Results-for-the-Second-Quarter-of-Fiscal-2027?ref=enterprisey.com); [Pulse 2.0](https://pulse2.com/snowflake-q2-fiscal-2027-revenue-rises-35-to-1-55-billion-as-product-revenue-guidance-is-raised/?ref=enterprisey.com))

Remaining performance obligations were $9.00B, up 30%, and net revenue retention was 126%. Customers with more than $1M in trailing product revenue numbered 828\. Q3 product revenue guidance is $1,588M-$1,593M. ([Business Wire](https://www.businesswire.com/news/home/20260902386235/en/Snowflake-Reports-Financial-Results-for-the-Second-Quarter-of-Fiscal-2027?ref=enterprisey.com); [Pulse 2.0](https://pulse2.com/snowflake-q2-fiscal-2027-revenue-rises-35-to-1-55-billion-as-product-revenue-guidance-is-raised/?ref=enterprisey.com))