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Snowflake (SNOW) Q2 earnings report 2027
CNBC • • business
Key Points:
- Snowflake's shares surged 22% in after-hours trading following better-than-expected fiscal second-quarter earnings, with adjusted EPS of 62 cents surpassing the 45-cent consensus and revenue reaching $1.55 billion versus $1.48 billion expected.
- The company's revenue grew 35% year-over-year, while its net loss narrowed to $191.7 million (55 cents per share) from $297.9 million (89 cents per share) a year ago.
- Growth was driven in part by the CoCo AI coding agent, which expanded to 9,100 accounts, adding over 2,000 new users during the quarter.
- Snowflake raised its fiscal third-quarter product revenue guidance to $1.59 billion, above analyst expectations, and increased its full-year product revenue forecast to $6.07 billion with an improved adjusted operating margin of 14.5%.
- The stock has gained 39% since the last close, significantly outperforming the S&P 500's 12% rise, and is on track for one of its largest single-day jumps since going public in 2020; executives will hold a conference call with analysts to discuss results.
