Snowflake
SNOWQ4 2023(SNOW Q3 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$479.8M
AI Revenue (Q)
$17.4M
Total Revenue (Q)
$868.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Snowflake's Q3 FY2024 (three months ended October 31, 2023) filing shows total revenue of $734.2M (product revenue $698.5M, professional services $35.7M). This is the first filing that explicitly mentions 'artificial intelligence and machine learning' in forward-looking statements: 'our ability to continue to innovate and make new features generally available to customers, including our development and use of artificial intelligence and machine learning.' This signals Snowflake was actively investing in AI features. Snowpark ML was gaining traction, and Cortex AI was in preview. No AI-specific revenue disclosed. Slightly higher estimate of 2% (~$14.7M) reflects growing ML workloads and early AI feature adoption.
Analyzed by claude-opus-4-6
Quoted Figures
Product revenue $698,478 thousand, Professional services and other revenue $35,695 thousand, Total $734,173 thousand for the three months ended October 31, 2023
10-Q for period ended October 31, 2023, Note 3 Revenue Disaggregation
our ability to continue to innovate and make new features generally available to customers, including our development and use of artificial intelligence and machine learning
10-Q for period ended October 31, 2023, Forward-Looking Statements
AI Products Identified (Ring 1)
Snowpark MLCortex AI (preview)
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