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Home/News Feed/Snowflake posts strong Q2 with 37% revenue growth and beats earnings estimates, shares jump 17%.
SNOW
$337.86
+$2.36 +0.70%

Snowflake posts strong Q2 with 37% revenue growth and beats earnings estimates, shares jump 17%.

Company Fundamentals
09 Sep 2026
Seeking Alpha
View Source
Bullish
Snowflake posts strong Q2 with 37% revenue growth and beats earnings estimates, shares jump 17%.

Snowflake reported impressive Q2 results, showing 37% year-over-year product revenue growth and a net retention rate of 126%. The company beat consensus estimates on both revenue and non-GAAP earnings per share, driven by strong enterprise adoption of its AI Data Cloud and high-margin AI offerings. This performance supports a premium valuation and a 'Strong Buy' rating, with expectations for continued margin expansion and profitability improvement in the coming months. Following the earnings report, Snowflake's shares surged 17%, reflecting investor confidence in its growth outlook.

More News (SNOW)

Investors withdrew $700M from software ETF IGV before Snowflake's strong earnings report boosted the sector.

Investors withdrew $700M from software ETF IGV before Snowflake's strong earnings report boosted the sector.

Investors pulled $700 million from the iShares Expanded Tech-Software Sector ETF (IGV) just hours before Snowflake reported a strong quarter with 37% product revenue growth and an increased full-year forecast, driven partly by AI. Despite Snowflake's...

Market News
Neutral
2 days ago
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