Intelligence Feed event · Equity · 2026-09-04

    Snowflake shares gain 16% on Q2 earnings beat and FY product revenue guide of $6.07B

    Question

    Snowflake shares gain 16% on Q2 earnings beat and FY product revenue guide of $6.07B

    Direct answer

    Snowflake delivered a strong second-quarter financial print, posting adjusted EPS of $0.62 compared to consensus of $0.45 on revenue of $1.54 billion versus $1.47 billion projected. The company raised its full-year product revenue target to $6.07 billion, implying 36% annual expansion driven by sustained demand for enterprise data cloud infrastructure and AI workload integration.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-04
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Snowflake shares gain 16% on Q2 earnings beat and FY product revenue guide of $6.07B”, revision 1, evidence through 2026-09-04. https://marketontology.com/market-events/2026-09-04/snowflake-shares-gain-16-on-q2-earnings-beat-and-fy-product-revenue-guide-of-6-0-ef85ca

    EQUITY
    Snowflake shares gain 16% on Q2 earnings beat and FY product revenue guide of $6.07B
    Snowflake delivered a strong second-quarter financial print, posting adjusted EPS of $0.62 compared to consensus of $0.45 on revenue of $1.54 billion versus $1.47 billion projected. The company raised its full-year product revenue target to $6.07 billion, implying 36% annual expansion driven by sustained demand for enterprise data cloud infrastructure and AI workload integration.
    SNOW
    Impact
    79
    SEP 4
    SIG
    90%
    SNOW
    Snowflake shares gain 16% on Q2 earnings beat and FY product revenue guide of $6.07B
    Snowflake delivered a strong second-quarter financial print, posting adjusted EPS of $0.62 compared to consensus of $0.45 on revenue of $1.54 billion versus $1.47 billion projected. The company raised its full-year product revenue target to $6.07 billion, implying 36% annual expansion driven by sustained demand for enterprise data cloud infrastructure and AI workload integration.
    → A 36% product revenue growth forecast of $6.07B directly drives multiple re-rating across enterprise software peers.
    Impact
    Snowflake delivered a strong second-quarter financial print, posting adjusted EPS of $0.62 compared to consensus of $0.45 on revenue of $1.54 billion versus $1.47 billion projected. The company raised its full-year product revenue target to $6.07 billion, implying 36% annual expansion driven by sustained demand for enterprise data cloud infrastructure and AI workload integration.
    Affected
    SNOW
    Transmission
    A 36% product revenue growth forecast of $6.07B directly drives multiple re-rating across enterprise software peers.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    SNOWforward multiple re-rating on $6.07B FY product revenue guidance upgradeUp1-5dSnowflake reported Q2 adjusted EPS of $0.62 vs $0.45 and raised guidance to $6.07B.

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

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