Snowflake Inc. posted fiscal second-quarter 2026 revenue of $1.14 billion, a 32% increase from a year earlier and ahead of the $1.09 billion analysts expected. Product revenue—its main sales measure—also climbed 32% to $1.09 billion. Adjusted earnings came in at $0.35 a share, beating the $0.27 consensus, while the company reported a GAAP net loss of $0.89 a share. Buoyed by demand for data-analytics and artificial-intelligence workloads, the cloud-software provider lifted its full-year product-revenue forecast to roughly $4.40 billion, up from $4.33 billion previously. For the current quarter, it projected product sales of $1.125 billion to $1.13 billion, implying growth of 25%–26%, and targeted a non-GAAP operating margin of about 9%. The stronger outlook sent the shares up as much as 14% in late trading. Operational metrics underscored the momentum: remaining performance obligations reached $6.9 billion, a 33% annual increase, and net revenue retention improved to 125%. Snowflake now counts 654 customers that each generate more than $1 million in annual product revenue. Chief Executive Officer Sridhar Ramaswamy said “thousands of customers” are using the platform’s AI capabilities every week, positioning the company to capture ongoing enterprise investment in data and artificial intelligence.