Snowflake Inc. · SNOW · Next earnings

Snowflake Inc. reports Wednesday, Dec 2, 2026

SNOW reports after market close with consensus EPS at $0.60 and revenue at $1.65B. Last quarter: Snowflake raises FY27 guidance as AI products accelerate growth

Reports After market close27 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.60 Calendar consensus
Consensus revenue $1.65B Calendar consensus
Report date Dec 2, 2026 Wednesday, date estimated
Session After market close 27 days away

Where SNOW left off: FY2027 Q2

Full report

Snowflake raises FY27 guidance as AI products accelerate growth

EPS surprise +38.8% Reported $0.62 vs $0.45
Revenue surprise +4.3% Reported $1.55B vs $1.48B
Stock move +16.6% Event window
Subsequent drift -6.7% Up to 20 sessions

Management raised FY27 product revenue guidance to $6.07 billion and full-year operating margin guidance to 14.5%; GAAP profitability is targeted for Q4 FY28.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • AI product mix may pressure gross margins.
  • Frontier and open-source model pricing could create cost volatility.
  • Execution and adoption durability remain important to sustaining the growth acceleration.

Questions analysts left open

  • Whether AI-driven consumption acceleration is durable.
  • How AI product mix and model-choice costs affect gross margins.
  • Whether regional diversification can broaden beyond North America.

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Recent SNOW quarters

All SNOW earnings
+16.6%FY2027 Q2+36.5%FY2027 Q1+2.3%FY2026 Q4-11.4%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.