Snowflake Inc. (SNOW) will announce its second-quarter fiscal 2027 results on September 2, 2023. The Zacks Consensus Estimate for earnings stands at 45 cents per share, reflecting a 28.57% year-over-year increase. Projected revenues are estimated at $1.47 billion, indicating a 28.77% rise compared to the previous year.
In the first quarter of fiscal 2027, Snowflake reported a net revenue retention rate of 126% and a total of 13,912 customers, which included an addition of 616 new customers (up 38% year-over-year). The company anticipates product revenues for the second quarter to range between $1.415 billion and $1.42 billion, representing approximately 30% year-over-year growth. Currently, the consensus estimate for customers with greater than $1 million in trailing 12-month product revenues is 818, showing a 25.07% increase from the previous year.
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