Snowflake Stock Surges 22% on Strong AI Earnings Beat and Raised Revenue Guidance
25 Sources
[1]
Snowflake lifts annual product revenue forecast, shares soar
Sept 2 (Reuters) - Snowflake (SNOW.N), opens new tab raised its full-year product revenue forecast on Wednesday, betting on strong demand for its cloud data platform and AI offerings, sending its shares up more than 20% in extended trading. The company now expects fiscal 2027 product revenue of
[2]
Snowflake spikes 22% on healthy results and AI coding momentum
* Snowflake beat on the top and bottom lines and issued upbeat revenue guidance. * The company pointed to growth in its artificial intelligence coding agent named CoCo. In this article * SNOW Follow your favorite stocksCREATE FREE ACCOUNT Sridhar Ramaswamy, CEO of Snowflake, poses in front of
[3]
Snowflake Stock Soars as Surging AI Demand Boosts Earnings
Get personalized, AI-powered answers built on 27+ years of trusted expertise. Snowflake stock is surging on signs that enterprise AI demand is driving big gains for its business. Shares of Snowflake (SNOW) were up more than 20% in extended trading Wednesday, putting them on track to hit a new
[4]
AI And Data Momentum: Key Takeaways From Snowflake's Q2 Results
AI data cloud giant Snowflake maintained growth momentum in its recently concluded fiscal 2027 second quarter, the company said Wednesday as it reported financial results for the period. Here's a look at some of the most salient points from the report. Snowflake, the fast-growing AI data cloud
[5]
Snowflake's AI Growth Comes With Lower Profit Margins, CFO Admits - Snowflake (NYSE:SNOW)
Snowflake's AI Business Is Booming, But It's Making Less Money Doing It: CFO Brian Robins Reveals the Catch Snowflake Inc.'s (NASDAQ:SNOW) artificial intelligence business helped fuel a third straight quarter of accelerating revenue growth, while the company's own numbers reveal that the shift
[6]
Wall Street Grilled This CEO on Whether AI Growth Is Real or Just Hype -- Here's What He Said as the Stock
Snowflake Inc. (NYSE:SNOW) was upbeat about agentic AI driving growth for the company but stopped short of revealing the exact percentage or dollar uplift numbers for customers adopting AI. When asked about what the consumption uplift is for AI adopters relative to comparable non-adopters, CEO
[7]
Snowflake stock explodes 17% as AI fears suddenly flip
Earlier this year, artificial intelligence seemed to pose a serious threat to business software stocks. Investors feared the more powerful AI agents would replace sections of conventional software, leading to what was later dubbed the "SaaSpocalypse." Snowflake (SNOW) was one of the firms caught
[8]
Snowflake Reports Financial Results for the Second Quarter of Fiscal 2027
Snowflake today announced financial results for its second quarter of fiscal 2027, ended July 31, 2026. "Snowflake delivered another strong quarter, with product revenue of $1.49 billion, up 37% year-over-year, as Snowflake continues to power the enterprise AI revolution," said Sridhar Ramaswamy,
[9]
AI Coming for SaaS? Snowflake CEO Says Data, Not Software, Will Define the Next Era: 'Owning the User Exp
Artificial intelligence is reshaping enterprise software and Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy believes the shift could make data more valuable -- not less. Snowflake CEO Says Data Will Matter More In AI Era On Wednesday, Ramaswamy made the comments during Snowflake's fiscal
[10]
Snowflake at Goldman Sachs conference: ai speeds migrations By Investing.com
Snowflake (SNOW) used Tuesday, 08 September 2026, at the Goldman Sachs Communacopia + Technology Conference 2026 to present a clear message: artificial intelligence is speeding up data migrations, widening its customer base and changing how software is built. Executives also acknowledged a
[11]
Snowflake Stock Shoots Up 23% After Hours -- Jim Cramer Calls It a 'Thing of Beauty' - Snowflake (NYSE:SNO
On Wednesday, Snowflake Inc. (NYSE:SNOW) shares surged 23.14% in after-hours trading after the AI data cloud company delivered a stronger-than-expected fiscal second-quarter report and raised its full-year outlook. Jim Cramer, Brad Gerstner React Following the earnings, Jim Cramer posted on X,
[12]
Snowflake earnings analysis: questions answered and next catalysts By Investing.com
Investing.com -- Snowflake answered the central AI question with a 35% revenue jump, a 37% product-revenue acceleration, and FY2027 guidance raised to $6.07B. The harder question now is whether AI-driven demand can justify a stock already up 68.15% year to date. The beat was broad Snowflake Inc
[13]
Snowflake Benefits From AI-Driven Data Platform Modernization, Macquarie Says
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data
[14]
Snowflake Stock Surges on Q2 Double Beat as AI Momentum Continues - Snowflake (NYSE:SNOW)
Snowflake Inc (NYSE:SNOW) posted financial results for the second quarter of fiscal 2027 on Wednesday after the close. Here's a rundown of the report. * Snowflake shares are in the spotlight. What's going on with SNOW stock? Snowflake Q2 Key Metrics Snowflake reported second-quarter revenue of
[15]
Raymond James raises Snowflake stock price target on AI growth By Investing.com
Investing.com - Raymond James raised its price target on Snowflake Inc. (NYSE:SNOW) to $425 from $275 while maintaining an Outperform rating. The new target represents significant upside for the $106 billion cloud data company, though InvestingPro data suggests the stock may be overvalued at
[16]
Snowflake Product Revenue Growth Accelerates on AI Momentum, RBC Says
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data
[17]
Snowflake leaps 23% on earnings beat and raised guidance By Investing.com
Investing.com -- Snowflake Inc (NYSE:SNOW) reported second quarter results that exceeded analyst expectations and raised its full-year outlook, sending shares up over 23% in premarket trading Thursday as investors responded positively to accelerating growth driven by artificial intelligence
[18]
Snowflake Shows AI-Powered Growth in Q2, Morgan Stanley Says
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data
[19]
Snowflake Q2 fiscal 2027 presentation: accelerating growth, shares jump 22% By Investing.com
Snowflake Inc. (NYSE:SNOW) unveiled its second quarter fiscal 2027 investor presentation on September 2, 2026, showcasing accelerating revenue growth and expanding profitability that sent shares surging more than 22% in after-hours trading. The cloud data platform provider reported product revenue
[20]
Snowflake results boost software stocks as AI demand drives growth
Sept 3 (Reuters) - Snowflake shares surged nearly 25% on Thursday after the company raised its annual product revenue forecast, strengthening investor confidence that AI-related spending could be a powerful driver of growth for software firms. The upbeat forecast buoyed software stocks across the
[21]
Earnings call transcript: Snowflake beats Q2 2026 estimates, shares jump 22% By Investing.com
Snowflake reported fiscal second-quarter results that topped Wall Street expectations, with adjusted earnings of $0.62 a share on revenue of $1.55 billion, ahead of forecasts for $0.45 a share and $1.48 billion. The company also raised its full-year product revenue outlook and said growth
[22]
Snowflake shares surge as AI demand powers growth, lifts outlook
Sept 3 (Reuters) - Snowflake's shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company's AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue forecast on
[23]
Why is Snowflake stock surging today? By Investing.com
Investing.com -- Snowflake stock surged 20.9% in after-hours trading to reach $369.89 after the AI data cloud company reported fiscal second-quarter 2027 results that topped expectations on every key metric and accompanied the beat with a significant raise to full-year guidance. Adjusted EPS of
[24]
Snowflake soars after AI-fueled results, further raising guidance
The US specialist in cloud data platforms and artificial intelligence posted revenue of $1.55bn, up 35% year over year, versus $1.48bn expected, while adjusted earnings per share (non-GAAP) reached $0.62, well above the $0.45 forecast. Momentum remains particularly strong in the core business:
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Earnings Flash (SNOW) Snowflake Inc. Reports Q2 Revenue $1.55B, vs. FactSet Est of $1.48B
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data
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Snowflake reported second-quarter revenue of $1.55 billion, beating analyst estimates, as AI demand fueled 37% product revenue growth. The company raised its full-year forecast to $6.07 billion, up from $5.84 billion, while its AI coding agent CoCo now serves 9,100 accounts. However, CFO Brian Robins revealed that AI workloads carry lower product gross margins.
Snowflake Reports Strong Q2 Results Driven by AI Demand
Snowflake delivered a decisive earnings beat for its fiscal 2027 second quarter ended July 31, reporting revenue of $1.55 billion against analyst estimates of $1.48 billion
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. The cloud data platform company posted adjusted earnings per share of 62 cents, significantly exceeding the 45-cent consensus1
. Product revenue climbed 37% year-over-year to $1.49 billion, marking the company's third consecutive quarter of accelerating growth4
. Snowflake stock surged more than 22% in extended trading, positioning shares for their fourth-highest jump since the company's 2020 public debut2
.Annual Product Revenue Forecast Raised to $6.07 Billion
Snowflake raised its full-year product revenue forecast to $6.07 billion from the previous $5.84 billion projection issued in May
1
. For the fiscal third quarter, the company expects product revenue between $1.588 billion and $1.593 billion, representing up to 38% growth and exceeding the $1.50 billion consensus2
. CFO Brian Robins attributed the upward revision to "continued strength in our core data platform business and a meaningful step up in AI revenue"4
. The company also improved its adjusted operating margin guidance from 13.5% to 14.5% for the fiscal year2
.AI Coding Agent CoCo Drives Customer Momentum
Snowflake's AI coding agent CoCo, previously known as Cortex Code, now serves 9,100 accounts, adding over 2,000 during the quarter
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. CEO Sridhar Ramaswamy emphasized that "AI continues to compound our advantages, creating a flywheel effect across the business"3
. The company added 692 new customers during Q2, including 14 from the Global 2000, bringing its total customer count to 14,554, a 32% year-over-year increase4
. Among these, 828 customers generate trailing 12-month product revenue exceeding $1 million, while 65 surpass $10 million4
.
Source: CXOToday
Enterprise AI Revolution Positions Snowflake at the Center
Ramaswamy described the current shift as "a once-in-a-lifetime technology shift" with Snowflake "at the center of the enterprise AI revolution"
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. He stated that organizations must become agentic enterprises "quickly, safely and cost-efficiently," noting that "the agentic enterprise runs on Snowflake"4
. The platform enables this transformation through a governed data foundation, access to leading AI models, deep application workflows, and a unifying agentic control plane. Snowflake's AI offerings include both CoCo for coding and data tasks, and CoWork, an enterprise chatbot previously called Snowflake Intelligence1
.AI Workloads Carry Lower Product Gross Margins
CFO Brian Robins disclosed that AI-driven revenue growth comes with a trade-off: lower product gross margins. Snowflake revised its expected non-GAAP product gross margin for the fiscal year to 74%, down from previous projections
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. "This revised outlook includes a higher revenue mix from fast-growing AI workloads, which carry a lower contribution margin," Robins explained5
. Despite this pressure, overall profitability improved with non-GAAP operating margin expanding more than 400 basis points year-over-year to 15%5
. The company offset growing cloud costs through cost discipline, adding just 334 employees year-to-date compared to 935 in the same period last year5
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Strategic Infrastructure Partnership With AWS
Last quarter, Snowflake signed a five-year, $6 billion deal with Amazon Web Services to use AWS' Graviton processors and AI infrastructure
1
. This expanded partnership underscores Snowflake's commitment to scaling its cloud data platform capabilities. Businesses leverage Snowflake's platform to store and analyze information while building applications and AI products1
. The company has benefited from legacy-system migrations and AI adoption as organizations seek to modernize their data infrastructure1
.
Source: Benzinga
What This Means for Investors and the Market
Snowflake stock closed Wednesday at $305.84 before surging 23.14% in after-hours trading to $376.60
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. Year-to-date through Wednesday's close, shares were up nearly 40%3
. The strong revenue guidance and customer momentum signal sustained AI demand in the enterprise sector, though investors should monitor how margin compression from AI workloads affects long-term profitability. Ramaswamy's assertion that "customers using AI on Snowflake consume more across the data platform, creating a structural multiplier for our business" suggests AI serves as both a growth driver and platform expansion mechanism4
. Watch for how competitors respond to Snowflake's AI-first positioning and whether margin pressures persist as AI revenue mix increases.
Source: CRN
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