Bullish
Snowflake's (SNOW) stock jumps 22% after strong earnings and raised guidance.
Snowflake Inc. (SNOW) reported impressive second-quarter fiscal year 2027 results, with adjusted earnings per share of $0.62, surpassing the anticipated $0.45, and revenues of $1.55 billion, exceeding expectations of $1.48 billion. The company also raised its full-year product revenue forecast to $5.84 billion, indicating a 31% year-over-year growth. These positive developments led to a 22% surge in after-hours trading on September 2, 2026. ([cbcglobe.com](https://cbcglobe.com/en/articles/2026/09/02/breaking-snowflake-surges-22-in-after-hours-trading-stock-re-a942cf11?utm_source=openai))
Key points
- Snowflake's Q2 FY2027 adjusted EPS of $0.62 beats consensus by $0.17.
- Company raises full-year product revenue guidance to $5.84 billion, a 31% YoY increase.
- Insider selling activity noted, with over 1.16 million shares sold in the past 90 days.
- Analyst consensus remains 'Moderate Buy' with a $333.08 price target.
Sources
- Snowflake (SNOW) Stock Surges 22% After Strong Earnings ReportGuruFocus · September 2, 2026
- Snowflake (NYSE:SNOW) Posts Earnings Results, Beats Estimates By $0.17 EPSMarketBeat · September 2, 2026
- Snowflake Surges 22% in After-Hours Trading... Stock Reverses Sharply on Earnings Beat and Raised Full-Year GuidanceCBC Globe · September 2, 2026
- Snowflake (NYSE:SNOW) Shares Gap Down - Time to Sell?MarketBeat · September 2, 2026
AI-generated from public news sources. Not financial advice.
