Snowflake product revenue climbs 37% to $1.49B and outlook rises to $6.07B

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; Pulse 2.0)

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; Pulse 2.0)