Snowflake's stock surged 23% following a fiscal Q2 report that beat revenue and earnings expectations, with revenue up 35% year-over-year to $1.55 billion and adjusted earnings of 62 cents per share. The company raised its full-year product revenue forecast to $6.07 billion, driven by accelerating AI product adoption and strong customer growth. Oracle and Cloudflare also saw modest gains amid broader cloud and AI enthusiasm. While Snowflake's growth and margin outlook improved, the stock's sharp rise raises valuation risks and expectations for continued strong performance. Investors should watch if Snowflake sustains growth and margin expansion as AI workloads increase demand for its platform.
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Snowflake reported Q2 FY27 revenue of $1.55 billion, up 35% year-over-year, driven by accelerating AI product adoption. Despite beating earnings estimates with a non-GAAP EPS of $0.62, management revealed a trimmed product gross margin guidance of 74...
Snowflake Inc reported adjusted earnings per share of 62 cents, surpassing the 45 cents expected by analysts, with quarterly revenue of $1.55 billion beating estimates. The company's net loss narrowed significantly to $191.7 million from $297.9 milli...
Snowflake reported strong Q2 2026 results with earnings per share of $0.62, beating estimates of $0.45, and revenue of $1.55 billion, surpassing the expected $1.48 billion. The company achieved a 35% year-over-year revenue increase, driven by its rol...
Snowflake Inc reported Q2 fiscal 2027 revenue of $1.55 billion, beating analyst estimates of $1.48 billion, with adjusted EPS of $0.62 surpassing the $0.45 forecast. The company raised its full-year product revenue guidance to $6.07 billion from $5.8...
