SNOW · NYSE · Software - Application

Snowflake (SNOW)

Runs analytics, applications, transactions, and AI agents across governed data.

$344.12
vs last close+4.73 (+1.39%)
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Snowflake Inc.SNOW
Information Technology

Combines analytics, engineering, data sharing, applications, transactions, and AI agents on a governed multi-cloud platform. Customers pay mainly for compute, storage, and data transfer as they consume them, while one operating segment spans AWS, Azure, and Google Cloud.

Built on independently scalable storage and compute, the managed platform spans analytics, data engineering, governed sharing, applications, transactions, and AI agents. Snowflake Intelligence, Cortex Agents, Native Apps, and Snowflake Postgres extend the original cloud data warehouse into broader operational and AI workloads.

Runs across AWS, Azure, and Google Cloud with a globally distributed workforce. Isolated compute workloads can operate over shared data, while open formats and governed collaboration reduce the need to copy data between tools and organizations.

Revenue follows customer consumption of compute, storage, and data transfer rather than a fixed seat count. Infrastructure availability, costs, and margins depend on cloud providers, especially AWS, while customer-account security also depends on identity, MFA, credential, and network-policy configuration.

Company facts

CEOSridhar Ramaswamy
ListedSep 16, 2020
ExchangeNYSE
HeadquartersMenlo Park, CA
CountryUnited States
Employees9,060
CIK0001640147
ISINUS8334451098

Market cap$117.63B
EPS (ttm)−$3.18
P/E (ttm)−106.73
ROE-53.6%
P/B54.72
P/S21.64
Dividend yieldDiv yield
Beta1.37vs XLK 0.62

Price target$436.00+28.5%Average of 53 analysts
ConsensusBuy43 of 53 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 4, 2026Argus ResearchReiterate
Rating: Target:
Rating: BuyTarget: $450
Sep 3, 2026Goldman SachsReiterate
Rating: Target: $278
Rating: BuyTarget: $436
Sep 3, 2026MonnessReiterate
Rating: Target: $320
Rating: BuyTarget: $450
Sep 3, 2026Truist FinancialTarget
Target: $450
Target: $425
Sep 3, 2026RBC CapitalReiterate
Rating: Target: $372
Rating: OutperformTarget: $440

Next report
Dec 2, 26
in 71 days
EPS estimate
$0.60
Revenue estimate
$1.65B
Fiscal quarter
Q3 FY27

EPSReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Sep '26Dec '26
Reported$0.30$0.24$0.35$0.35$0.32$0.39$0.62Pending
Estimate$0.18$0.21$0.27$0.31$0.27$0.32$0.45$0.60
Surprise+70.0%+13.0%+31.1%+12.3%+17.4%+22.1%+38.8%

RevenueReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Sep '26Dec '26
Reported$986.8M$1.04B$1.14B$1.21B$1.28B$1.39B$1.55BPending
Estimate$957.8M$1.01B$1.09B$1.18B$1.26B$1.32B$1.48B$1.65B
Surprise+3.0%+3.6%+5.2%+2.4%+2.2%+5.1%+4.3%
Estimate$0.60
ReportedDue Dec 2, 2026
Estimate$1.65B
ReportedDue Dec 2, 2026
View details

Debt to equity128.60%
Current ratio93.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$942.1M$986.8M$1.04B$1.14B$1.21B$1.28B$1.39B$1.55B
Net income−$324.3M−$327.5M−$430.1M−$298.0M−$294.0M−$309.6M−$295.6M−$191.7M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Operating income−$365.5M−$386.7M−$447.3M−$340.3M−$329.5M−$318.2M−$326.2M−$263.0M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jul 31, 2026Cash & short-term investments $2.34B · Total debt $2.76B · Total assets $8.69B · Shareholders' equity $2.15B

Revenue
$1.55B
Operating income
−$263.0M
Net income
−$191.7M
View details

No dividends on record.

Institutions80.73%279.82M shares
1,589 holders · as of Jun 30, 2026
Insiders5.99%20.77M shares
19 holders · as of Sep 16, 2026
Strategic holders17.51%60.70M shares
2 holders · as of Feb 14, 2022
Adds to104.23%

346.60M company shares as of Sep 20, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 104.23%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Sutter Hill Ventures1Strategic
9.35%32.40Mfiled Feb 16, 2021
BlackRock, Inc.Institution
9.06%31.41Mas of Jun 30, 2026
SC US (TTGP), Ltd.2Strategic10 percent owner
8.16%12.07M · 16.22Mfiled Feb 14, 2022
Vanguard Capital Management LLCInstitution
4.35%15.07Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
3.72%12.88Mas of Jun 30, 2026
  1. Sutter Hill Ventures's transaction reports restate only vehicles that traded; the 2021 ownership statement (32.40M) is used instead.
  2. SC US (TTGP), Ltd.'s transaction reports restate only vehicles that traded; the 2022 ownership statement (12.07M) is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 16, 2026Vivek Raghunathanofficer: SVP, Engineering−3,876$318.51
Sep 16, 2026Frank Slootmandirector−8,191$318.51
Sep 16, 2026Christian Kleinermanofficer: EVP, Product Management−2,986$318.51
Sep 16, 2026Emily Hoofficer: Chief Accounting Officer−768$332.93
Sep 16, 2026Jonathan Mead Beaulierofficer: Chief Revenue Officer−12,292$336.12
View details

  • Amazon

    Cloud warehouse, lakehouse, data exchange, and enterprise AI rival

  • Microsoft

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  • Alphabet Class A

    Cloud analytics, open lakehouses, sharing, and enterprise data AI

  • Oracle

    Competes across lakehouse, databases, integration, and enterprise AI

  • IBM

    Hybrid lakehouse, warehouse, and observability alternative

Compare

CompanyPriceChange
Snowflake$344.12+1.39%$117.63B135.321.6+35.1%
Amazon$258.18−0.10%$2.78T20.827.73.6+19.6%
Microsoft$499.97−0.33%$3.72T27.925.511.2+17.8%
Alphabet Class A$360.86+1.66%$4.30T17.826.99.6+24.2%
Oracle$153.25+3.16%$427.95B23.318.06.0+29.6%
IBM$233.74+0.78%$218.51B20.518.33.2+1.1%
Median20.825.56.0+19.6%