Snowflake A

Snowflake reported Q2 2027 revenue up 35% to USD 1.55 billion, with platform revenue growth of 37% to USD 1.49 billion. Adjusted earnings per share rose 77% to USD 0.62, beating expectations and sending the stock sharply higher in after-hours trading. The company raised its full-year guidance for platform revenue and margins and attributes about half of the acceleration effect to AI products. » Mere på finanzen.net

Snowflake reported product revenue growth of 37% to $1.49 billion in Q2 and an increase in large customers (≥ $1 million annual revenue) to 828. After the strong momentum and a share-price rise of over 16% on September 3, management raised the full-year product revenue forecast from $5.84 billion to $6.07 billion. The company continues to benefit from demand for cloud-based data and AI solutions. » Mere på finanzen.net

Snowflake beat market expectations with strong quarterly results, reflecting high demand for modern data solutions. New AI features and the usage-based business model should significantly accelerate future revenue growth. The company raised its margin outlook, and the AI assistant CoCo is seeing strong user and revenue growth, driving the share price on very high trading volume. » Mere på finanzen.net

At the Citi Global TMT Conference, Snowflake said AI products like Cortex are increasing usage of the core platform and making the business faster, leaner and more profitable. The full-year growth forecast was raised from 31% to 36% after two quarters of accelerated growth, and the non‑GAAP product gross margin remained steady at 74%. The company reported stronger cash flows, a marked slowdown in headcount growth, and still targets GAAP profitability by Q4 2025. » Mere på de.investing.com

At the Goldman Sachs conference Snowflake said AI-powered tools significantly speed up migrations, create new demand for products like CoWork and Managed Inference, and encourage the development of custom applications on its data layer. Management warned that faster migrations could also increase willingness to switch, so Snowflake must deliver added value in governance, observability and at the application level. On the financial side, growth is driven by higher volume, new workloads and price offsets; new consumption-based products are hard to model but show strong usage dynamics. On the technical side, the company is working on lower latency, new roles to accelerate activation, and managed Iceberg tables to make the platform more attractive to developers and business users. » Mere på de.investing.com