Snowflake Inc. (SNOW) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
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SA Transcripts158.79K FollowersFollow5ShareSaveCommentsQ4: 2026-02-25 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $0.32 beats by $0.05 | Revenue of $1.28B (30.12% Y/Y) beats by $29.03M Snowflake Inc. (SNOW) Morgan Stanley Technology, Media & Telecom Conference 2026 March 3, 2026 7:05 PM EST Company Participants Sridhar Ramaswamy - CEO & DirectorBrian Robins - Chief Financial Officer Conference Call Participants Sanjit Singh - Morgan Stanley, Research Division Presentation Sanjit SinghMorgan Stanley, Research Division All right. Continuing the afternoon sessions at TMT Day 2. I'm Sanjit Singh. I cover the infrastructure software practice on the Morgan Stanley research team. Thrilled to have the Snowflake management team, CEO, Sridhar Ramaswamy; and Chief Financial Officer, Brian Robbins. Sridhar, Brian, welcome back to the TMT conference. Sridhar RamaswamyCEO & Director Thank you. Delighted to be here. Sanjit SinghMorgan Stanley, Research Division For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. So we've got 35 minutes, and Sridhar, we got a lot to talk about between a durable core business. We got Snowflake Intelligence out. We got Cortex code, and we've got to figure out how all this will translate into an attractive growth and free cash flow story. Question-and-Answer Session Sanjit SinghMorgan Stanley, Research Division I want to start the conversation with the core business. So when I was going at various conferences with AWS or other hyperscaler conferences, the sort of rallying cry that I heard was you had to get your data state ready for -- to prepare for AI. It seems to me like those initiatives really got operationalized in calendar 2025. And so when you look at the core business, how it's sustained over the past year, was it these data modernization that drove that durability and that strength in the core? Or were there other additional factors that you would call out? Sridhar RamaswamyCEO & Director Data modernization continues to play an important role. But we've fundamentally been limited