Saastr · 10 September 2026 · Industry Analysis

5 Interesting Learnings from Snowflake at $6 Billion in Revenue: 37% Growth and Accelerating, 126% NRR, and a Gross Margin Guided Down to Pay for AI

Jason Lemkin, GP @ SaaStr

Snowflake reaccelerated to 37% growth at $6B revenue, driven equally by AI products and core consumption acceleration, while deliberately cutting gross margin 2 points to fund AI infrastructure and offsetting with operating expense discipline.

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Topics: Data & Analytics · AI (Horizontal) · Enterprise Software

Published by Saastr · their site ↗

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