Snowflake Company Profile (2026): AI Data Cloud Leader
Company Profile | Enterprise Software | Updated August 2026
Snowflake: The AI Data Cloud Powering Enterprise Intelligence
Snowflake (NYSE: SNOW) is the AI Data Cloud company, with FY2026 revenue of $4.68 billion (29.16% YoY growth). In Q1 CY2026, revenue reached $1.39 billion (33.5% YoY), beating analyst estimates. With 751 Forbes Global 2000 customers and RPO of $9.77 billion (up 42% YoY), Snowflake is the dominant platform for enterprise data and AI.
Executive Summary
Snowflake is the AI Data Cloud company, enabling organizations to unify, analyze, and share data across hybrid and multi-cloud environments. In fiscal year 2026, Snowflake generated $4.68 billion in revenue, up 29.16% year-over-year. Q1 CY2026 revenue reached $1.39 billion, up 33.5% year-over-year and beating analyst estimates of $1.32 billion. The company has 751 Forbes Global 2000 customers and remaining performance obligations of $9.77 billion, up 42% year-over-year. CEO Sridhar Ramaswamy has been awarded a compensation package worth up to $448 million tied to Snowflake's market value reaching $184 billion within seven years.
Company Overview
Snowflake Inc. is a cloud-based data platform company that provides data warehousing, data lakes, data engineering, data science, and data application development. The company's platform separates storage and compute, enabling customers to scale each independently and pay only for what they use.
Headquartered in San Mateo, California, Snowflake serves more than 10,000 companies globally, including hundreds of the world's largest enterprises. The company went public in 2020 in one of the largest software IPOs in history.
Company History
Snowflake was founded in 2012 by three data warehousing veterans: Benoit Dageville, Thierry Cruanes, and Marcin Zukowski. Dageville and Cruanes were French engineers who had spent over a decade at Oracle, where Dageville served as lead architect for Oracle's parallel database. The founders recognized that legacy on-premise databases could not handle the scale of the cloud and built a cloud-native platform around a single architectural decision: separating storage from compute.
Snowflake went public on the NYSE in September 2020 at $120 per share, closing the day at $253.93 — the largest software IPO in history at the time. Under CEO Sridhar Ramaswamy (appointed in 2024), Snowflake has pivoted to an AI-first strategy, launching Snowflake Intelligence and Cortex AI.
Leadership
- Sridhar Ramaswamy – CEO & Director – Former Google SVP, joined Snowflake in 2023, became CEO in 2024[reference:37]
- Benoit Dageville – Co-Founder, President of Products – Former Oracle parallel database architect[reference:38]
- Thierry Cruanes – Co-Founder, Chief Architect – Data warehousing veteran
- Brian Robins – CFO – Leads financial operations
Products & Services
Snowflake AI Data Cloud
- Data Warehousing: Cloud-native data warehouse with compute-storage separation
- Data Lake Integration: Unified access to structured and unstructured data
- Data Sharing: Secure, governed data sharing across organizations
- Snowpark: Developer framework for Python, Java, and Scala
AI & Machine Learning
- Snowflake Cortex AI: Fully managed LLM and AI services
- Snowflake Intelligence: AI-powered data analysis and insights
- Document AI: Unstructured data processing
AI Strategy
Snowflake's AI strategy centers on the AI Data Cloud, providing enterprises with a unified platform for data and AI. CEO Sridhar Ramaswamy has driven an AI-first approach, with Snowflake Intelligence adoption more than doubling from the prior quarter. Cortex AI, Snowflake's managed LLM service, is active in more than 7,100 accounts. Snowflake is using AI internally to move faster across functions.
Financial Performance
| Metric | Figure |
|---|---|
| FY2026 Revenue | $4.68 billion (+29.16% YoY) |
| Q1 CY2026 Revenue | $1.39 billion (+33.5% YoY) |
| Q1 CY2026 Product Revenue | $1.23 billion (+30% YoY) |
| Q2 FY2026 Product Revenue Guidance | $1.415-1.420 billion (+30% YoY) |
| RPO | $9.77 billion (+42% YoY) |
| Forbes Global 2000 Customers | 751 |
| Net Revenue Retention | 125% |
| Employees | 9,060 |
Competitive Landscape
Snowflake competes with Databricks, Microsoft Fabric, Google BigQuery, and Amazon Redshift. Snowflake's competitive advantages include its multi-cloud architecture, separation of compute and storage, and comprehensive AI capabilities. The company's 125% net revenue retention and 751 Forbes Global 2000 customers demonstrate strong enterprise adoption.
Key Takeaways
- FY2026 revenue of $4.68B, up 29.16% YoY.
- Q1 CY2026 revenue of $1.39B, up 33.5% YoY.
- 751 Forbes Global 2000 customers; 125% NRR.
- RPO of $9.77B, up 42% YoY.
- AI-first strategy with Cortex AI and Snowflake Intelligence.
- Founded in 2012 by three data warehousing veterans from Oracle.
- $448M CEO compensation plan tied to $184B market cap target.
- Snowflake Investor Relations – investors.snowflake.com
- Snowflake FY2026 Annual Report
- StockAnalysis – Snowflake Financials
- Reuters – Snowflake CEO Compensation
Profile compiled August 2026. Information is current as of the date of compilation.
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