Intelligence Feed event · Equity · 2026-09-04

    Snowflake surges 16% on Q2 earnings beat and raised full-year revenue outlook

    Question

    Snowflake surges 16% on Q2 earnings beat and raised full-year revenue outlook

    Direct answer

    Snowflake posted second-quarter adjusted EPS of $0.62, outperforming the $0.45 consensus estimate, alongside revenue of $1.54 billion against $1.47 billion expected. The stock rallied 16% post-announcement. Full-year product revenue guidance was revised upward to $6.07 billion, implying 36% annual expansion as enterprise clients expand data warehouse workloads to support AI model deployment.

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

    Cite as: Market Ontology, “Snowflake surges 16% on Q2 earnings beat and raised full-year revenue outlook”, revision 1, evidence through 2026-09-04. https://marketontology.com/market-events/2026-09-04/snowflake-surges-16-on-q2-earnings-beat-and-raised-full-year-revenue-outlook-fed3e0

    EQUITY
    Snowflake surges 16% on Q2 earnings beat and raised full-year revenue outlook
    Snowflake posted second-quarter adjusted EPS of $0.62, outperforming the $0.45 consensus estimate, alongside revenue of $1.54 billion against $1.47 billion expected. The stock rallied 16% post-announcement. Full-year product revenue guidance was revised upward to $6.07 billion, implying 36% annual expansion as enterprise clients expand data warehouse workloads to support AI model deployment.
    SNOW
    Impact
    79
    SEP 4
    SIG
    92%
    SNOW
    Snowflake surges 16% on Q2 earnings beat and raised full-year revenue outlook
    Snowflake posted second-quarter adjusted EPS of $0.62, outperforming the $0.45 consensus estimate, alongside revenue of $1.54 billion against $1.47 billion expected. The stock rallied 16% post-announcement. Full-year product revenue guidance was revised upward to $6.07 billion, implying 36% annual expansion as enterprise clients expand data warehouse workloads to support AI model deployment.
    → Accelerating enterprise cloud data consumption drives operating leverage and higher forward product revenue guidance for SNOW.
    Impact
    Snowflake posted second-quarter adjusted EPS of $0.62, outperforming the $0.45 consensus estimate, alongside revenue of $1.54 billion against $1.47 billion expected. The stock rallied 16% post-announcement. Full-year product revenue guidance was revised upward to $6.07 billion, implying 36% annual expansion as enterprise clients expand data warehouse workloads to support AI model deployment.
    Affected
    SNOW
    Transmission
    Accelerating enterprise cloud data consumption drives operating leverage and higher forward product revenue guidance for SNOW.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    SNOWconsumption-based revenue acceleration and upward FY guidance revisionsUp1-5dSnowflake shares surged 16% after beating Q2 expectations with $0.62 adjusted EPS and $1.54B revenue.

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    What happened next

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

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