Snowflake also announced an acquisition that will extend the company’s data governance perimeter beyond the Snowflake platform to AI operations and interactions across an enterprise.
AI and data cloud company Snowflake said today that it has signed a multi-year strategic collaboration agreement (SCA) with Amazon Web Services that the two companies said will accelerate enterprise agentic AI adoption and help customers build and deploy AI systems more quickly and securely.
Snowflake said that under the SCA it is making a $6 billion, multi-year infrastructure commitment to AWS. Snowflake already runs its data and AI services on AWS, but the company said this is its largest commitment to date to AWS.
Snowflake also disclosed that it has signed a definitive agreement to acquire Natoma, which develops an enterprise Model Context Protocol (MCP) platform for AI agents, in a bid to extend “Snowflake’s governance perimeter from data assets to AI actions and interactions across the enterprise.”
[Related: Snowflake CEO: ‘I’m Not In The Business of Selling AI. I’m In The Business Of Creating Value.’]
The Wednesday announcements came as Snowflake announced its fiscal 2027 first quarter (ended April 30, 2026) financial results. The company reported that revenue in the quarter was $1.39 billion, up more than 33 percent from $1.04 billion one year earlier.
“AI continues to be a powerful tailwind for Snowflake,” CEO Sridhar Ramaswamy said in a statement accompanying the earnings. With company offerings such as Snowflake Intelligence and Cortex Code, Ramaswamy said Snowflake was extending its role “from the trusted foundation for enterprise data and context to become the control plan for the agentic enterprise.”
Snowflake, which reported product revenue of $1.33 billion for the quarter, said it now has 779 customers spending more than $1 million on a trailing 12-month basis. The company raised its product revenue guidance for the entire fiscal year to $5.84 billion, up from previous guidance of $5.66 billion.
Snowflake’s stock price surged in after-hours trading in the wake of the news. While Snowflake shares closed at $175.26 Wednesday, down 1.32 percent from Tuesday’s close, the price skyrocketed by $67.54 (more than 38.5 percent) to $242.80 by 8:00 p.m. EDT.
Snowflake said the new SCA with AWS includes “deeper product integrations across generative AI and agentic AI, expanded go-to-market through AWS Marketplace, and joint investments in customer success programs, workload migrations, and strategic industry solutions designed to help enterprises move from AI experimentation to production-scale outcomes.”
In the announcement Ramaswamy said that through the agreement, Snowflake and AWS are “making it easier for enterprises to bring AI directly to governed data.”
Under the partnership Snowflake will leverage high-performance Graviton processors running in AWS data centers for such tasks as AI model training and inference. Snowflake will also expand its global footprint in AWS data centers with launches completed or underway in 10 new regions including Auckland, New Zealand; Capetown, South Africa; Bangkok, Thailand; the AWS European Sovereign Cloud, and others.
The SCA also includes new joint initiatives to boost Snowflake sales through the AWS Marketplace, which exceeded $2 billion in calendar 2025, through simplified contracting and faster procurement processes.
Snowflake and AWS are expected to further demonstrate their enterprise AI efforts at the Snowflake Summit 26 event in San Francisco next week.
Natoma Acquisition
With the Natoma acquisition Snowflake said it will gain the ability to “establish a natively integrated governance and identity layer for AI agents and MCP tool access,” a move that will make it easier for customers to securely connect and manage how AI systems interact with their enterprise applications, databases, APIs and tools, Snowflake said in the acquisition announcement.
Natoma’s capabilities will be integrated into Snowflake’s AI Data Cloud, the company said, “and available to customers soon.”
“By extending governance to AI-driven workflows, Snowflake makes it easier for companies to safely manage not just their data, but also the actions AI agents take across business workflows,” the company said.
Terms of the acquisition were not disclosed and a timeline for its completion was not provided.
