Snowflake Q2 Earnings, Revenue Rise; Lifts Fiscal 2027 Guidance
MT Newswires Live09-03 04:33
Snowflake (SNOW) late Wednesday reported a fiscal Q2 adjusted net income of $0.62 per diluted share, up from $0.35 a year earlier.
Analysts polled by FactSet expected $0.45.
Revenue for the quarter ended July 31 rose to $1.547 billion from $1.145 billion a year earlier.
Analysts expected $1.48 billion.
The company expects fiscal Q3 product revenue of $1.588 billion to $1.593 billion. Analysts expect $1.50 billion.
The company now expects fiscal 2027 product revenue of $6.07 billion, up from its prior forecast of $5.84 billion. Analysts expect $5.85 billion.
Shares were up more than 20% in after-hours activity.
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