Snowflake
SNOWQ2 2023(SNOW Q1 FY2024)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$230.7M
AI Revenue (Q)
$8.3M
Total Revenue (Q)
$828.7M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Snowflake's Q1 FY2024 (three months ended April 30, 2023) filing shows total revenue of $623.6M (product revenue $590.1M, professional services $33.5M). The forward-looking statements now mention 'Snowpark' explicitly as a growth strategy. Snowpark enables data science and ML workloads on Snowflake's platform. However, there is no explicit AI revenue disclosure. Snowpark ML and early ML features were generating minimal consumption. Conservative estimate of ~1% ($6.2M) reflects early-stage Snowpark ML consumption by data science teams. This is an estimated tier because the filing provides no direct AI disclosure.
Analyzed by claude-opus-4-6
Quoted Figures
Product revenue $590,072 thousand, Professional services and other revenue $33,527 thousand, Total $623,599 thousand for the three months ended April 30, 2023
10-Q for period ended April 30, 2023, Note 3 Revenue Disaggregation
our growth strategies for, and market acceptance of, our platform (including Snowpark) and the Data Cloud
10-Q for period ended April 30, 2023, Forward-Looking Statements
AI Products Identified (Ring 1)
Snowpark ML (early)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Data Cloud platformSnowparkSnowflake Marketplace
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix