Snowflake (NYSE:SNOW) Posts Earnings Results

Snowflake (NYSE:SNOW) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17, FiscalAI reports. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%.

Snowflake Stock Performance

SNOW traded down $12.49 during trading hours on Wednesday, hitting $307.31. The stock had a trading volume of 9,888,371 shares, compared to its average volume of 6,726,973. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market cap of $106.51 billion, a PE ratio of -87.30 and a beta of 1.33. Snowflake has a 1 year low of $118.30 and a 1 year high of $341.95. The company’s fifty day simple moving average is $291.63 and its 200 day simple moving average is $217.32.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI and backlog momentum support the bull case. Snowflake’s remaining performance obligations (RPO) grew 38% last quarter, while analysts view Snowflake Cortex, AI agents and related data tools as potential growth accelerators. Investors will look for evidence that AI adoption is translating into durable consumption and revenue growth. The AI Engine That Re-Accelerated Snowflake
• Positive Sentiment: Analyst support remains strong. Rosenblatt raised its price target to $345 and Cantor Fitzgerald lifted its target to $405, with Cantor anticipating product revenue above company guidance. The consensus view remains broadly bullish ahead of the report. Cantor Lifts Snowflake Target to $405
• Neutral Sentiment: A major post-earnings move is anticipated. Options markets imply an approximately 10% potential move, and unusually heavy call-option activity at strikes above the current share price suggests bullish speculation or covered-call selling. This positioning could amplify volatility in either direction. Snowflake Q2 Earnings Could Trigger 10% Stock Swing
• Negative Sentiment: Expectations may be difficult to exceed. Analysts reportedly expect quarterly earnings of about 45 cents per share, but commentary suggests 35% revenue growth may not be sufficient to support another rally. Investors are focused on stronger-than-expected revenue, forward guidance, RPO growth and the durability of AI demand.
• Negative Sentiment: Valuation and profitability concerns remain. Snowflake trades at an elevated valuation despite GAAP losses, while high stock-based compensation and dilution contribute to substantial short interest. A broader software selloff is also weighing on high-growth names ahead of the report. Snowflake Is Up Nearly 50% in 2026

Insider Buying and Selling

In other news, Director Frank Slootman sold 289,685 shares of Snowflake stock in a transaction on Monday, July 20th. The stock was sold at an average price of $274.39, for a total value of $79,486,667.15. Following the completion of the transaction, the director directly owned 28,535 shares in the company, valued at approximately $7,829,718.65. The trade was a 91.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,156,901 shares of company stock valued at $321,725,352. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SNOW. Sunbelt Securities Inc. lifted its holdings in shares of Snowflake by 1.8% in the fourth quarter. Sunbelt Securities Inc. now owns 4,793 shares of the company’s stock worth $1,051,000 after buying an additional 86 shares in the last quarter. Compound Planning Inc. grew its stake in Snowflake by 26.9% during the fourth quarter. Compound Planning Inc. now owns 3,128 shares of the company’s stock valued at $686,000 after acquiring an additional 664 shares in the last quarter. Corient Private Wealth LLC grew its stake in Snowflake by 718.4% during the fourth quarter. Corient Private Wealth LLC now owns 210,312 shares of the company’s stock valued at $46,134,000 after acquiring an additional 184,613 shares in the last quarter. Strive Financial Group LLC purchased a new position in Snowflake during the fourth quarter valued at approximately $59,000. Finally, Ameriflex Group Inc. increased its holdings in Snowflake by 285.2% during the 4th quarter. Ameriflex Group Inc. now owns 624 shares of the company’s stock worth $137,000 after acquiring an additional 462 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of analyst reports. Loop Capital upped their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. UBS Group raised their target price on Snowflake from $370.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Benchmark increased their price target on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Citigroup raised their price objective on Snowflake from $320.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Finally, Robert W. Baird lifted their price objective on shares of Snowflake from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.08.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.