Snowflake posts strong AI‑driven Q4 growth
Coverage highlights Snowflake’s AI‑driven Q4 product growth (cited ~30% product revenue growth and >430 new AI features) while the company also faces investor notices and a securities class‑action deadline. Strong AI feature expansion is paired with legal activity. ( )
Snowflake reported product revenue of $1.23 billion for the quarter that ended January 31, 2026, and total revenue of $1.28 billion for Q4. (snowflake.com) The company disclosed remaining performance obligations of $9.77 billion and a net revenue retention rate of 125% as of the quarter close. (snowflake.com) Snowflake said more than 9,100 accounts were actively using its AI features, with Snowflake Intelligence onboarded at roughly 2,500 accounts in about three months. (snowflake.com) The company has inked multi‑year, $200 million partnerships with both OpenAI and Anthropic to make those providers’ models available inside Snowflake for enterprise customers. (snowflake.com, anthropic.com) Management said it closed the largest contract in company history—above $400 million in total contract value—and closed seven nine‑figure deals in the quarter versus two in the year‑ago period. (fool.com) Snowflake guided Q1 FY27 product revenue to a range of $1.262–$1.267 billion and gave FY27 product revenue guidance near $5.66 billion, while ending the period with about $4.8 billion in cash and equivalents. (tipranks.com, finance.yahoo.com) Faruqi & Faruqi, LLP notified investors of a securities class‑action filing and set an April 27, 2026 deadline to seek lead‑plaintiff status for purchases between June 27, 2023 and February 28, 2024. (prnewswire.com)
