Snowflake's Product Revenue Accelerates: Can It Outpace DELL & ORCL?
Snowflake reported strong fiscal Q2 product revenue growth of 37% to $1.49 billion, with AI products driving roughly half of the acceleration. The company raised fiscal 2027 product revenue guidance to $6.07 billion (36% YoY growth) and added 692 net new customers, bringing total customers to 14,554. Snowflake faces competition from Dell Technologies and Oracle, both expanding their AI capabilities, but maintains a strong position in enterprise data and AI markets.