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Get filing alertsSnowflake Q1 revenue up 34% to $1.33B; faces three new securities suits and AI copyright claim
Filed May 29, 2026 · Period ending April 30, 2026 · Compared to 10-Q May 30, 2025 · ~2 min read
Key Changes
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Three new securities class actions filed (Feb 2024 case survived dismissal, Feb 2026 and May 2026 cases pending); data breach litigation entered discovery after motions to dismiss denied; new AI copyright suit alleges unauthorized training data use.
Legal Proceedings verify on EDGAR → -
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Product revenue grew 34% YoY to $1.33B; net revenue retention improved to 126%; Forbes Global 2000 customers increased to 813 (from 754), now representing 43% of revenue; RPO jumped 38% to $9.2B.
MD&A: Financial Performance verify on EDGAR → -
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Acquired Observe for $596M (cash and stock) to add AI-powered observability; announced pending $110M Natoma Labs acquisition for enterprise AI agent platform; committed $6B over five years to cloud infrastructure (annual minimums $900M-$1.25B).
MD&A: Strategic Transactions verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 29, 2026 · How we verify