Cortex AI, agents and Snowflake Intelligence
Account counts for the company's AI agent products kept rising through the quarter ended July 31, 2026, but no dollar figure for AI revenue was given.
The numbers
What it is
AI functions, agents and coding tools that run on Snowflake data, including Snowflake Intelligence for business users and Cortex Code for developers. The company says AI revenue stepped up in the quarter, without a dollar figure.
Why it matters to the stock. This is the company's bet on AI workloads. Each new account is a potential source of consumption revenue on the core platform.
News
Snowflake signs deal to acquire Natoma, an MCP platform for AI agents
Snowflake signed a definitive agreement to acquire Natoma, an enterprise platform that manages Model Context Protocol connections for AI agents.
M&A