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Earnings

Wednesday, September 2

Snowflake · Q2 FY2027

SNOW · Software · Data Cloud & AI

Snowflake beat expectations in the second quarter with $1.49 billion in product revenue as growth accelerated for a third straight quarter to 37% year-over-year, and the company raised its full-year product revenue target to $6.07 billion. This beat-and-raise quarter, driven by AI consumption, was met with enthusiasm and the stock jumped roughly 23% after hours. The question from here is how much of this growth converts into profit and cash while the non-GAAP operating margin is still at 15%.

▲ Revenue 37%EPS + 39%▲ Stock 23.1%
87
BUY

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Latest Earnings Analyses

AllThis WeekTechnologySemiconductorsMedia & TelecomIndustrialsHealth CareEnergyConsumerMaterials
By DateBy ScoreBy Reaction
SymbolReportedRevenue · YoYEPS vs EstimateShare ReactionScoreVerdict
SNOWQ2 FY2027Sep 2 · After Close1.49 B $ ▲ 37%$0.62 · + 39%▲ 23.1%87BUY
DELLQ2 FY2027Sep 1 · After Close47.0 B $ ▲ 58%$7.04 · + 43%▲ 8.0%91BUY
PANWQ4 FY2026Sep 1 · After Close3.41 B $ ▲ 34%$1.02 · + 4%▼ 1.8%83BUY
AVGOQ3 FY2026Sep 2 · After Close29.6 B $ ▲ 86%$3.32 · + 3%▼ 4.0%86BUY

Analyses are published ~1 hour after a company reports.

To Understand This

Earnings Reports: What to Read, HowThe book opens once a quarter — and the market really only reads three lines.P/E and the Valuation RatiosYou can't tell whether a stock is cheap or expensive by looking at its price.