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Snowflake shares jump 23% after Q2 beat and raised full-year guidance

Company Fundamentals
02 Sep 2026
Proactive Investors
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Bullish
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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 $5.84 billion and improved its non-GAAP operating margin outlook to 14.5%. CEO Sridhar Ramaswamy highlighted AI-driven growth and strong customer adoption as key drivers. Snowflake also forecasted Q3 product revenue between $1.588 billion and $1.593 billion, signaling continued momentum.

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Snowflake beats Q2 earnings and revenue estimates, shares jump 23% amid AI growth.

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