Bullish
Snowflake's Q2 earnings beat expectations, stock surges 22% in after-hours trading.
Snowflake Inc. (SNOW) reported strong fiscal Q2 2027 results, with revenue of $1.55 billion, a 35% year-over-year increase, and adjusted earnings per share (EPS) of $0.62, surpassing analyst expectations of $0.45. The company also raised its full-year product revenue guidance to $6.07 billion from $5.84 billion. The stock surged 22% in after-hours trading following the announcement.
Key points
- Snowflake's Q2 revenue of $1.55 billion exceeded expectations, marking a 35% year-over-year growth.
- Adjusted EPS of $0.62 beat the consensus estimate of $0.45, indicating strong profitability.
- The company raised its full-year product revenue guidance to $6.07 billion, up from $5.84 billion.
- Snowflake's stock surged 22% in after-hours trading following the earnings announcement.
Sources
- Breaking: Snowflake Surges 22% in After-Hours Trading... Stock Reverses Sharply on Earnings Beat and Raised Full-Year GuidanceCBC News · September 2, 2026
- Snowflake Q2 prints $1.55B, up 35%, as product growth accelerates a third straight quarterAI Sheet Report · September 2, 2026
- Snowflake Stock Skyrockets on AI-Driven Q2 Revenue JumpYahoo Finance · September 3, 2026
- Snowflake Stock Climbs On 37% Product Revenue Growth And Margin GainsSimply Wall St News · September 4, 2026
AI-generated from public news sources. Not financial advice.
