capital · May 20, 2026
Snowflake Files FY26 Proxy Statement Showing $4.47 Billion Product Revenue
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Snowflake filed its definitive proxy statement on May 18 2026 detailing fiscal 2026 results. Product revenue reached $4.47 billion up 29% year over year with $9.77 billion remaining performance obligations and 125% net revenue retention. Snowflake expanded partnerships with AWS GCP Anthropic OpenAI and SAP including multi-million dollar go-to-market deals. The company completed the Observe acquisition on February 2 2026 for $650 million cash and stock.
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