Snowflake Crushes Q4 Estimates, Guides Higher for FY 2027

Snowflake just dropped a quarter that should make investors breathe a little easier. The cloud data platform reported Q4 product revenue of $1.23 billion, up 30% year-over-year and comfortably ahead of the $1.18 billion Wall Street was expecting.

But the real headline? Forward guidance. Snowflake is projecting Q1 and full fiscal year 2027 product revenue above analyst estimates. That signals new customer acquisition is picking up steam — not just existing clients spending more.

For a company that's faced skepticism about sustaining growth at scale, beating estimates and then guiding higher is exactly the kind of one-two punch the stock needed. The 30% YoY growth rate shows Snowflake is still expanding at a healthy clip despite an increasingly competitive cloud data market.

The numbers speak for themselves. Snowflake isn't slowing down.