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Original article date: Sep 08, 2026

Snowflake Posts 37% Revenue Growth as Its AI Strategy Starts to Compound

September 8, 2026
•
5 min read

Snowflake Posts 37% Revenue Growth as Its AI Strategy Starts to Compound

Snowflake's H2 Fiscal 2027 results show product revenue of $1.49 billion -- up 37% year-over-year -- as the company's AI strategy begins delivering measurable growth. The quarter marks the third consecutive period of revenue growth acceleration.

Key Takeaways

  • Snowflake's AI coding agent CoCo reached 9,100 accounts, with 2,000 added in Q2; CoWork has 5,800 accounts.
  • 692 new customers joined (34% YoY increase), including 14 from the Forbes Global 2000.
  • Full-year product revenue growth guidance raised to 36% YoY.

CEO Sridhar Ramaswamy describes AI as 'compounding Snowflake's core advantage': modernizing data estates for AI drives core platform demand, while new AI products create a second revenue layer. The company released 330 products in H1 and added Cortex Sense and Cortex AI Gateway this quarter.

Read the full article on Business Chief.

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