Atlas Research Note

Snowflake Q2 FY27: AI Is Accelerating the Core Data Platform

Ben Bajarin · September 3, 2026

Snowflake Q2 FY27 Operating View Snowflake is moving from a cloud data platform toward an agentic enterprise control layer. The important point from this quarter is that AI is not showing up as a separate product cycle sitting beside the core business. It is bringing new workloads onto the platform, making migrations faster, expanding the set of people who approve Snowflake, and increasing consumption of the core.

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Notes

Snowflake Q2 FY27: AI Is Accelerating the Core Data Platform

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