SNOWSnowflake Inc.
Snowflake Inc. sells cloud data platforms that let enterprises store, process, and analyze data across multiple clouds and on-premises systems. The next catalyst is Oct 30, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to deliver strong revenue growth and clarify its AI strategy in a competitive market .
- Revenue grew 29.2% YoY to $5.30B in the latest quarter, but net income remains negative at -$1.08B.
- Free cash flow (TTM) hit $1.15B, suggesting the business is generating enough cash to fund operations and reinvest.
- The company is still losing money, with a net margin of -20.4% TTM, but its cash flow is improving.
The Read
2% after meeting EPS expectations and exceeding bullish targets with strong FY2027 revenue guidance and AI strategy optimism, then rallied another 50.
The schedule
- Wed24Feb
Quarterly earnings report and guidance for Q1 2027
- Wed26May
Quarterly earnings report and guidance for Q2 2027
- Wed25Aug
Past
- Mon7Sep
Positive AI-related news drives stock price increase
- Wed26Aug
Quarterly earnings report and guidance for Q3 2026
- Wed27May
Actual outcome: Bull · $255.55 at outcome
- Wed25Feb
Actual outcome: Bull · $173.06 at outcome
Snowflake met EPS expectations, but the stock surged well past bull targets as investors embraced FY2027 revenue guidance and the company's AI strategy under new CEO Sridhar Ramaswamy. The market prioritized the growth potential of the Cortex AI platform and Snowflake's role in the 'AI wave,' effectively overlooking noise from legacy securities litigation to drive a significant post-earnings rally.
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