Snowflake (SNOW) reported its Q2 earnings for 2027, surpassing expectations. The company's shares rose by 22%.
- Results. Revenue was $1.55 billion, exceeding the $1.48 billion forecast:
- Earnings per share: 62 cents adjusted versus 45 cents expected:
Snowflake's revenue increased by 35% year-over-year. The company highlighted gains from its AI coding agent, CoCo, which now has 9,100 accounts:
For the fiscal third quarter, Snowflake anticipates $1.59 billion in product revenue, above the $1.50 billion consensus among analysts:
Management has raised its product revenue forecast for the fiscal year to $6.07 billion, compared to $5.84 billion projected in May:
