has clearly exceeded expectations with its latest , causing a significant jump in its share price: in pre-market trading, the cloud data specialist’s shares rose by more than 14 percent.
Revenue rose 32 percent to $1.09 billion in the second quarter, exceeding market estimates of $1.04 billion. Product revenue performed particularly well, also up 32 percent. The order backlog amounted to $6.9 billion, while analysts had expected only $6.78 billion. Profitability was also impressive: adjusted earnings per share doubled to $0.38 – a significant jump from the forecast $0.27.
In addition, management raised its annual forecast: Product revenue for fiscal year 2026 is now expected to be $4.40 billion (previously $4.33 billion; consensus: $4.34 billion). The operating margin is also viewed more optimistically and has been raised from eight to nine percent. For the current quarter, Snowflake expects product revenue of $1.13 billion – slightly above analyst estimates.
Strategically, Snowflake is focusing on the integration of generative AI, which is expected to increase the platform’s added value in the future. According to CFO Mike Scarpelli, revenues from new AI-related products recently exceeded expectations.
Despite the convincing figures, the stock remains challenging in terms of chart analysis: in order to consolidate the positive momentum in the long term, important resistance levels must be overcome and the long-term bottom confirmed. Competition in the cloud and AI sector remains intense, led by industry leader .
In our latest video analysis, we take a detailed look at Snowflake and highlight the opportunities as well as the risks that the stock has not yet been able to overcome.
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