Overview
AI Data Cloud firm's fiscal Q4 product revenue grew 30% yr/yr
Company added 740 net new customers, up 40% yr/yr
Remaining performance obligations rose 42% yr/yr to $9.77 bln
Outlook
Snowflake expects first-quarter product revenue between $1.262 bln and $1.267 bln
Company sees full-year fiscal 2027 product revenue at $5.66 bln
Result Drivers
CUSTOMER EXPANSION - Snowflake added 740 net new customers, representing a 40% year-over-year increase, and deepened engagement with existing customers
Company press release: ID:nBwblJPwca
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Product Revenue
$1.23 bln
Q4 Operating Income
-$318.20 mln
Q4 Product Gross Profit
$874.70 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 43 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Snowflake Inc is $270.00, about 67.6% above its February 24 closing price of $161.06
The stock recently traded at 104 times the next 12-month earnings vs. a P/E of 180 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
