Full-Time
Updated on 9/4/2026
Cloud-based data warehousing and analytics platform
$176k - $230k/yr
Company Historically Provides H1B Sponsorship
Bellevue, WA, USA
In Person
PhD
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Snowflake provides a cloud-based data platform called the Snowflake Data Cloud that lets customers store, process, and analyze large amounts of data. It operates on a pay-per-use model, charging for data stored and for computing power used. The platform is designed to be easy to use and handles many data types, supporting use cases from data warehousing and data lakes to data engineering, data science, and data applications. Snowflake differentiates itself with a cloud-native architecture that separates storage and compute, enabling on-demand scaling for diverse workloads across organizations, from startups to large enterprises. The company’s goal is to offer a scalable, flexible, and accessible data platform that unifies storage, processing, and analytics in one service.
Company Size
10,001+
Company Stage
IPO
Headquarters
Menlo Park, California
Founded
2012
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We've got your back - We offer comprehensive health insurance plans, health savings accounts, robust retirement plans, and generous life and disability insurance.
A Balanced Lifestyle - All Snowflakes have access to our weekly online lunch and learns, virtual workout classes, and ergonomic work-from-home equipment. We offer on-demand mental health and wellness programs to support our employees and their families.
Your People Matter - Help offset the cost of growing your family with our fertility benefits and family planning resources. Count on our generous time-off and various leave plans for you to rest, refuel, and sustain a great work-life balance.
Global Snowflake Team - No matter where you are in the world, we will get you connected and supported with a work-from-home setup.
Treat Yourself - Personalize your Snowflake benefits by tapping into our employee discounts and pre-tax selections.
Invest In Your Future - Eligible employees enjoy new hire equity, Employee Stock Purchase Plan (ESPP), and a quarterly bonus or commission program.
Morgan Stanley analyst Sanjit Singh raised his price target on Snowflake to $470 from $300, maintaining an "Overweight" rating. The cloud data company is valued at $106 billion market cap, with shares trading at $356. The upgrade follows Snowflake's third consecutive quarter of accelerating revenue growth. Product revenue reached $1.49 billion, up 37% year over year, beating guidance and consensus estimates. The company added 692 net new customers, up 32% year over year, bringing its total to 14,554. Customers spending over $1 million annually increased 27% to 828. Singh attributed the momentum to an "AI-powered growth flywheel" driven by Snowflake's CoCo and CoWork tools. Management estimates AI products contributed roughly half of the quarter's growth acceleration.
Salesforce shares rose 2.75% to $264 on Thursday following Snowflake's strong quarterly results. The cloud-data company reported 37% growth in product revenue, with artificial intelligence driving roughly half of the acceleration. Salesforce's second-quarter revenue increased 11% to $11.3 billion. Current remaining performance obligations climbed 14% to $33.5 billion. The company's Agentforce and Data 360 products generated nearly $3.9 billion in annual recurring revenue, including more than $1.5 billion from Agentforce. At $264, Salesforce trades 22% below its estimated fair value of $339. The combined AI and data run rate represents approximately 8.6% of annualised quarterly revenue. Snowflake's performance suggests enterprise AI spending is materialising, though Salesforce must demonstrate it can capture similar budgets.
Snowflake reported second-quarter revenue of $1.55 billion, beating analyst expectations of $1.48 billion and marking a 35.1% year-on-year increase. The cloud data platform provider's non-GAAP earnings per share of $0.62 also surpassed consensus estimates of $0.45 by 38.7%. The company's adjusted operating income reached $237 million, exceeding forecasts of $185.9 million. Following the results, Snowflake's stock jumped 22.3%. The company now serves 828 customers paying more than $1 million annually and maintains a net revenue retention rate of 126%. Snowflake guided third-quarter product revenue to $1.59 billion at the midpoint. Despite strong performance, the company's free cash flow margin declined to 5.4% from 16.7% in the previous quarter. Analysts project 26.3% revenue growth over the next 12 months.
Sayari has rebuilt its Commercial World Model on Snowflake's AI Data Cloud, making over a decade of deep web records accessible for AI analysis. The platform now processes 12 billion records from 715 sources across 250 jurisdictions, including roughly 1 billion original documents such as corporate filings and shipping records. The rebuild enables Sayari to capture up to 75% of previously unreadable information from its archive using AI techniques. The company expects the migration to reduce data infrastructure costs by more than 50%. Sayari collects data directly from official sources in over 20 languages, much of which exists nowhere else in accessible form. The Commercial World Model helps customers identify company ownership, detect supply chain risks, and surface risk intelligence patterns. Sayari's clients include Fortune 100 companies, US Customs and Border Protection, and UK HM Revenue & Customs across more than 35 countries.
Cantor Fitzgerald raised Snowflake's price target to $405 from $282 whilst maintaining an Overweight rating ahead of the company's fiscal Q2 2027 earnings on 2 September. However, analyst Thomas Blakey expects a narrower beat than last quarter. Snowflake's fiscal Q1 2027 showed product revenue up 34% year-over-year to $1.3 billion, with net revenue retention reaching 126%. AI capabilities were used by more than 13,600 accounts, whilst Cortex Code had around 7,100 accounts. Cantor projects product revenue will beat guidance by 3%, compared to last quarter's 5.5% beat. The concern is whether incremental AI consumption can offset cost optimisations as customers consolidate spending.