Snowflake
SNOWQ3 2023(SNOW Q2 FY2024)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$235.5M
AI Revenue (Q)
$8.3M
Total Revenue (Q)
$828.7M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Snowflake's Q2 FY2024 (three months ended July 31, 2023) filing shows total revenue of $674.0M (product revenue $640.2M, professional services $33.8M). The forward-looking statements continue to mention Snowpark and Data Cloud. No AI-specific product revenue is disclosed. ML workloads on Snowpark remained early stage. No Cortex AI or Document AI products were generally available yet. Conservative 1% estimate (~$6.7M) for early ML consumption on the platform.
Analyzed by claude-opus-4-6
Quoted Figures
Product revenue $640,209 thousand, Professional services and other revenue $33,809 thousand, Total $674,018 thousand for the three months ended July 31, 2023
10-Q for period ended July 31, 2023, Note 3 Revenue Disaggregation
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