Snowflake signals FY 2027 product revenue of $6.07B with 14.5% non-GAAP operating margin guidance, driven by AI mix (NYSE:SNOW)

Snowflake signals FY 2027 product revenue of $6.07B with 14.5% non-GAAP operating margin guidance, driven by AI mix (NYSE:SNOW) — Live Feedhttps://www.live-feeds.com/feed/snowflake-signals-fy-2027-product-revenue-of-6-07b-with-14-5-non-gaap-operating-margin-guidance-driven-by-ai-mix-nyse-snContinuously updated, source-cited coverage. Snowflake Raises FY 2027 Revenue Guidance Following Q2 AI Growthhttps://www.live-feeds.com/feed/snowflake-signals-fy-2027-product-revenue-of-6-07b-with-14-5-non-gaap-operating-margin-guidance-driven-by-ai-mix-nyse-snhttps://www.live-feeds.com/feed/snowflake-signals-fy-2027-product-revenue-of-6-07b-with-14-5-non-gaap-operating-margin-guidance-driven-by-ai-mix-nyse-sn#u63093Wed, 09 Sep 2026 20:41:09 +0000Snowflake increased its fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion after second-quarter product revenue rose 37% year over year to $1.49 billion. Total revenue for the quarter reached $1.55 billion, a 35% increase. CEO Sridhar Ramaswamy attributed this momentum to AI offerings, which management stated contributed roughly half of the growth acceleration. The company expects a 14.5% non-GAAP operating margin for the full year, supported by increased platform consumption and the adoption of AI Assistant.Why it mattersThis performance marks the third consecutive quart Snowflake Raises FY 2027 Outlook Following Q2 Revenue Beathttps://www.live-feeds.com/feed/snowflake-signals-fy-2027-product-revenue-of-6-07b-with-14-5-non-gaap-operating-margin-guidance-driven-by-ai-mix-nyse-snhttps://www.live-feeds.com/feed/snowflake-signals-fy-2027-product-revenue-of-6-07b-with-14-5-non-gaap-operating-margin-guidance-driven-by-ai-mix-nyse-sn#u56213Fri, 04 Sep 2026 00:02:45 +0000Snowflake shares surged after the company reported second-quarter fiscal 2027 revenue of $1.55 billion, a 35% year-over-year increase. The company raised its full-year product revenue guidance to $6.07 billion and projected a 14.5% non-GAAP operating margin. This growth is attributed to an AI mix and increased uptake of its AI Assistant. The company also reported that its losses narrowed during the quarter, while product revenue specifically grew 37% to $1.49 billion.Why it mattersThe company operates a cloud-based data platform. This financial rebound follows a period of software sector volat