Strong Product Revenue Growth
Product revenue in Q3 was $1,160,000,000, up 29% year over year. Remaining performance obligations totaled $7,880,000,000 with year-over-year growth accelerating to 37%.
Record Customer Additions
A record 615 new customers were added in Q3, demonstrating strong market demand for Snowflake's offerings.
AI Revenue Milestone
Achieved $100,000,000 in AI revenue run rate one quarter earlier than anticipated, reflecting strong adoption of Snowflake Intelligence.
High Net Revenue Retention
Net revenue retention remained stable at a very healthy 125%, indicating strong customer satisfaction and expansion.
Strategic Partnerships and Ecosystem Expansion
Announced new partnerships with SAP, Workday, Splunk, Palantir, UiPath, and more, enhancing integration and expanding go-to-market reach.
Operational Efficiency and Margin Expansion
Non-GAAP operating margin expanded more than 450 basis points year over year to 11%, reflecting efficient scaling.