Why Snowflake matters
Snowflake reported product revenue of $1.49 billion for its fiscal second quarter on September 2, 2026, up 37% and its third straight quarter of accelerating growth, and raised full-year product revenue guidance to $6.07 billion. Management credited about half the acceleration to AI products: Cortex Code passed 9,100 accounts and CoWork reached 5,800. It also introduced Cortex AI Gateway, built on its Natoma acquisition, to let agents take actions.
The numberProduct revenue of $1.49B in fiscal Q2 2027 (reported Sept 2, 2026), up 37% year over year
On The All Things AI 100
Listed under Model platforms and developer tools. Where models are hosted, served, and turned into applications.
Quick answers
- What does Snowflake do?
- Cloud data platform with Cortex AI services and Snowflake Intelligence for plain-language data queries. Snowflake reported product revenue of $1.49 billion for its fiscal second quarter on September 2, 2026, up 37% and its third straight quarter of accelerating growth, and raised full-year product revenue guidance to $6.07 billion.
- What AI capabilities does Snowflake offer?
- Snowflake offers Cortex AI on its cloud data platform so customers can apply language models, semantic search, and document processing to data they already govern. Cortex Analyst turns plain-language questions into SQL, and Cortex Search retrieves relevant content. Snowflake Intelligence and Cortex Agents let business users query data and run multi-step data tasks without exporting it to a separate AI tool.
- Why is Snowflake on The All Things AI 100?
- Snowflake is listed under Model platforms and developer tools. Where models are hosted, served, and turned into applications. Product revenue of $1.49B in fiscal Q2 2027 (reported Sept 2, 2026), up 37% year over year.
- Where is Snowflake based, and who owns it?
- Snowflake is based in Bozeman, MT, was founded in 2012 and is public (NYSE: SNOW).