1 hr ago
Snowflake Shares Jump After Strong Results and Raised Guidance
Snowflake makes software that helps businesses manage and analyze data.
The company reported better-than-expected results for its second quarter.
It earned $1.55 billion in revenue, more than analysts had predicted.
Its adjusted profit per share was also higher than expected.
Snowflake’s loss became smaller than it was during the same quarter last year.
The company said its artificial intelligence coding tool, CoCo, helped drive growth.
Snowflake also predicted stronger sales for the next quarter.
Because of the results and improved forecasts, its shares rose sharply after regular trading ended.
Snowflake shares rose 22% in after-hours trading following strong second-quarter results.
Quarterly revenue reached $1.55 billion, exceeding the $1.48 billion estimate.
Adjusted earnings per share were $0.62, above the projected $0.45.
Snowflake raised its full-year product revenue forecast to $6.07 billion from $5.84 billion.
The company credited growth in its CoCo artificial intelligence coding agent, which has 9,100 accounts.
- Who
- Snowflake Inc., a data analytics software company.
- What
- The company reported strong second-quarter results, raised its forecasts, and saw its shares rise 22% in after-hours trading.
- Where
- In after-hours trading on Wall Street.
- When
- After the company reported its second-quarter results; the report said shares were up 40% in 2026 through Wednesday’s regular close.
- Why
- Revenue and adjusted earnings exceeded estimates, guidance for the third quarter beat expectations, and full-year projections were raised.
Key facts
- Second-quarter revenue
- $1.55 billion, compared with a $1.48 billion estimate
- Adjusted EPS
- $0.62, compared with a $0.45 projection
- Year-over-year revenue growth
- 35%
- Quarterly net loss
- $191.7 million, compared with $297.9 million a year earlier
- Third-quarter product revenue outlook
- $1.59 billion, above the $1.5 billion consensus estimate
- Full-year product revenue outlook
- Raised to $6.07 billion from $5.84 billion
- Full-year adjusted operating margin outlook
- Raised to 14.5% from 13.5%
- CoCo accounts
- 9,100 accounts, after more than 2,000 were added during the quarter
Sources
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