Snowflake Forecasts Product Revenue Growth Toward $8B by Fiscal 2028
Snowflake raised its product revenue growth outlook to 36%, targeting $8 billion of product revenue in fiscal 2028. Product revenue was $4.47 billion in fiscal 2026 and is guided at about $6.07 billion for fiscal 2027. The fiscal second quarter delivered $1.49 billion, up 37% year over year, and hitting $8 billion requires roughly 32% growth; a reversion to 27% growth would fall near $7.7 billion.