Snowflake posted strong Q4 2026 results, driven by AI adoption and record revenue, with a $400M+ deal and 740 new customers.

Snowflake reported strong Q4 2026 results with 30% year-over-year product revenue growth to $1.23 billion and a record $9.77 billion in remaining performance obligations, driven by AI adoption and customer expansion. The company added 740 new customers, including 733 spending over $1 million annually and 56 over $10 million, and closed its largest deal yet—over $400 million. Snowflake Intelligence and Cortex Code usage nearly doubled, and the acquisition of Observe bolstered its AI observability capabilities. For fiscal 2027, it forecasted $1.262–1.267 billion in Q1 revenue and $5.7 billion for the full year, with continued growth in its partner ecosystem and AI-driven data platform momentum.