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Snowflake
NYSE: SNOW Technology IT 🔎 Screen
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$112.1B
Market Cap
P/E
2.92
PEG
-172.1%
ROCE
-53.9%
ROE
1.40
D/E
-30.6%
OPM
-6.5%
% from 52W High
88
α RS
🔍 SNOW is showing a high-conviction setup because it matches 4 of 37 tracked screener presets, RS Rating is 88, and it's within 6.5% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating 52W High
Sources
Conviction 4/37 · RS Rating 88 · 6.5% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for SNOW including FX impact
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📈 Price History
Ratio Health
Excellent
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Average
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By Category
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About

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.

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📈 Growth Pattern
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⭐ Superinvestors Holding SNOW
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 17.91M $21.9M 0.03% Mar 2026
Steve Cohen Point72 Asset Management 110.4K $16.7M 0.02% Mar 2026
Steve Cohen Point72 Asset Management 7.50M $8.9M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q1 2027
Revenue
$1.334B
+34% YoY
Operating Margin
12%
+3pp YoY
Net Revenue Retention
126%
Not provided
What Went Right
  • Product revenue growth accelerated to 34% YoY, the strongest sequential dollar growth in company history
  • AI products CoCo and Snowflake Intelligence drove meaningful revenue; CoCo adopted by 7,100+ accounts
  • Net new customer adds increased 38% YoY to 616, including 13 new Global 2000 customers
What to Watch
  • AI products carry lower gross margins; offset by AWS contract and efficiency gains, but still a drag if adoption scales rapidly
  • Cost governance for AI tools (e.g., token limits) needs to be managed to avoid customer backlash on spend
  • Natoma acquisition adds 20 employees but integration and product extension risks remain
Management Guidance
  • Q2 FY2027 product revenue: $1.415B - $1.420B (30% YoY growth)
  • Full-year FY2027 product revenue increased to $5.84B (31% YoY, from prior 27%)
  • Full-year non-GAAP operating margin raised to 13.5% (from 12.5%); Q2 operating margin 12.5%
Investor Lens
The thesis is stronger after this call. AI is acting as a compounder on the core data platform, with CoCo and Snowflake Intelligence driving both direct revenue and faster consumption. The raised full-year guidance (+4pp vs prior) and accelerating growth (34% vs 30% last Q and 26% a year ago) demonstrate durable momentum. Management's disciplined hiring and margin expansion (300bps YoY) add operational leverage. The main risk is that lower-margin AI products could compress gross margins over time, but management is offsetting this with cloud cost efficiencies (AWS deal). Overall, Snowflake is executing well in the AI era.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Product revenue accelerates 34% YoY, strongest dollar growth
Revenue
Product revenue was $1.334B, up 34% year-over-year, accelerating from 30% last quarter and 26% a year ago. Total revenue was $1.39B, up 33% YoY. AI products CoCo and Snowflake Intelligence contributed meaningfully, with CoCo adopted by over 7,100 accounts.
Profitability
Net income was not disclosed on a GAAP basis. Non-GAAP operating income margin improved to 12%, up over 300 bps YoY. The company remains focused on disciplined hiring and operational efficiency.
Margins
Non-GAAP operating margin was 12%, a 300+ bps improvement year-over-year. Non-GAAP product gross margin was 75% for the quarter and is guided to remain at 75% for the full year. AI products have lower gross margins, offset by lower bandwidth costs (AWS agreement) and efficiency gains.
Balance Sheet
Ended the quarter with $4.4B in cash and investments. Used $300M to repurchase 1.7 million shares. Remaining buyback authorization of $800M. The company also entered a $6B multi-year contract with AWS.
Key Risks
Cost governance for AI tools was discussed in Q&A; customers may want to limit token usage as adoption scales. Management noted lower gross margins on AI products, offset by the AWS deal. Integration of the recently announced Natoma acquisition (20 employees) adds execution risk.
Outlook
For Q2 FY2027, product revenue guided at $1.415B-$1.420B (+30% YoY). Full-year product revenue raised to $5.84B (+31% YoY, from prior 27%). Non-GAAP operating margin for the year raised to 13.5% (from 12.5%).
Generated by AI · Q1 2027 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2027 Q1 2027 2026-05-27
AI-driven products fueled 34% year-over-year product revenue growth and record customer additions, prompting a raised FY27 outlook to 31% growth. Major partnerships, new product adoption, and operational efficiency are driving margin expansion and industry leadership.
Q4 2026 Q4 2026 2026-02-25
Q4 FY26 saw 30% product revenue growth and record RPO, driven by strong AI adoption and major customer wins. FY27 guidance calls for 27% revenue growth, margin expansion, and continued investment in AI and observability, supported by robust customer demand and new product launches.
Q3 2026 Q3 2026 2025-12-03
Q3 product revenue grew 29% year-over-year to $1.16 billion, with strong AI adoption driving a $100 million AI revenue run rate ahead of schedule. RPO grew 37% to $7.88 billion, and FY26 revenue guidance was raised to $4.446 billion, reflecting robust demand and expanding partnerships.
Q2 2026 Q2 2026 2025-08-27
Q2 saw 32% year-over-year product revenue growth, strong net revenue retention, and accelerated customer adoption, especially in AI-driven workloads. FY 2026 guidance was raised, with continued innovation and cloud migration fueling momentum.
Q1 2026 Q1 2026 2025-05-21
Q1 FY26 saw 26% product revenue growth to $997M, strong customer additions, and robust adoption of AI and data products. Guidance for FY26 was raised, with continued margin expansion and significant product innovation, while share repurchases and new sector expansions supported growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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No Investment Recommendation:
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Information Sources:
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