Snowflake raises fiscal 2027 product revenue guidance as AI adoption, core-platform consumption and customer growth accelerate.
Snowflake (NYSE: SNOW) is surging 20% Thursday morning after the cloud data company delivered better-than-expected second-quarter results and lifted its full-year outlook.
Snowflake (NYSE:SNOW | SNOW Price Prediction) stock is soaring 23% to $377.11 in Thursday trading after the cloud data platform delivered a much stronger-than-expected fiscal second quarter and raised its full-year outlook. Oracle (NYSE:ORCL) stock is advancing 3% to $150.
Snowflake (NYSE:SNOW | SNOW Price Prediction) just delivered a quarter that reframes the debate around enterprise AI economics. Q2 FY27 revenue hit $1.55 billion, up 35.09% year over year, with product revenue of $1.
Snowflake (SNOW) delivered a record Q2 FY27, with a much better-than-expected 36% revenue growth leading to a +20% pre-market share surge. Management raised FY27 product revenue guidance to $6.07B, citing a "meaningful step-up" in AI-driven demand ahead of prior expectations of $5.8B. Despite strong top-line acceleration, SNOW warned of gross margin compression due to expanding AI workloads, lowering FY27 margin guidance to 74%, another 100bp downgrade from prior estimates.
Analysts see the software company continuing to benefit from the artificial-intelligence revolution.
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.
Snowflake Inc (NYSE:SNOW), the American cloud data analytics company, saw its shares jump 23% in after-hours trading on Wednesday after it posted results that beat Wall Street expectations. The company reported adjusted earnings per share of 62 cents, well ahead of the 45 cents forecast by analysts.
Snowflake Inc. (SNOW) Q2 2027 Earnings Call Transcript
Snowflake NYSE: SNOW reported accelerating second-quarter fiscal 2027 growth as demand for its core data platform and AI products increased, while the company also expanded its non-GAAP operating margin and raised its full-year product revenue outlook.
While the top- and bottom-line numbers for Snowflake (SNOW) give a sense of how the business performed in the quarter ended July 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Snowflake Inc. (SNOW) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.35 per share a year ago.