Snowflake (SNOW) reported fiscal second-quarter revenue of $1.55 billion, up 35% from a year earlier, for the quarter ended July 31, 2026. Product revenue rose 37% to $1.49 billion, while GAAP net loss was $191.7 million, or $0.55 per share.
The company raised its full-year fiscal 2027 product revenue outlook to $6.07 billion, representing 36% year-over-year growth.
- GAAP operating loss was $263.0 million, compared with a $340.3 million operating loss a year earlier.
- Net revenue retention rate was 126%.
- Remaining performance obligations totaled $9.00 billion, up 30% year over year.
- Snowflake had 828 customers with trailing 12-month product revenue above $1 million and 829 Forbes Global 2000 customers.
- Third-quarter product revenue guidance was $1.588 billion to $1.593 billion.
$SNOW Insider Trading Activity
$SNOW insiders have traded $SNOW stock on the open market 263 times in the past 6 months. Of those trades, 0 have been purchases and 263 have been sales.
Here’s a breakdown of recent trading of $SNOW stock by insiders over the last 6 months:
- FRANK SLOOTMAN has made 0 purchases and 94 sales selling 2,217,982 shares for an estimated $552,860,963.
- BENOIT DAGEVILLE has made 0 purchases and 9 sales selling 397,795 shares for an estimated $109,921,862.
- MICHAEL L SPEISER has made 0 purchases and 133 sales selling 304,446 shares for an estimated $65,565,671.
- CHRISTIAN KLEINERMAN (EVP, Product Management) has made 0 purchases and 19 sales selling 104,579 shares for an estimated $30,014,318.
- MARK GARRETT sold 100,000 shares for an estimated $25,000,200
- JONATHAN MEAD BEAULIER (Chief Revenue Officer) sold 9,367 shares for an estimated $2,172,956
- VIVEK RAGHUNATHAN (SVP, Engineering) has made 0 purchases and 2 sales selling 7,752 shares for an estimated $1,522,492.
- EMILY HO (Chief Accounting Officer) has made 0 purchases and 2 sales selling 4,001 shares for an estimated $804,441.
- TERESA BRIGGS has made 0 purchases and 2 sales selling 687 shares for an estimated $175,098.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SNOW Hedge Fund Activity
We have seen 833 institutional investors add shares of $SNOW stock to their portfolio, and 778 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 9,218,816 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,346,188,672
- PRICE T ROWE ASSOCIATES INC /MD/ added 3,859,000 shares (+264.2%) to their portfolio in Q2 2026, for an estimated $982,115,500
- MORGAN STANLEY removed 3,726,913 shares (-51.7%) from their portfolio in Q2 2026, for an estimated $948,499,358
- BLACKROCK, INC. added 3,442,706 shares (+12.3%) to their portfolio in Q2 2026, for an estimated $876,168,677
- WINSLOW CAPITAL MANAGEMENT, LLC removed 3,220,697 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $819,667,386
- FMR LLC removed 3,093,812 shares (-28.8%) from their portfolio in Q2 2026, for an estimated $787,375,154
- POINT72 ASSET MANAGEMENT, L.P. added 2,703,366 shares (+2448.7%) to their portfolio in Q2 2026, for an estimated $688,006,647
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
