Snowflake (NYSE:SNOW) Releases Earnings Results, Beats Expectations By $0.17 EPS

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

Snowflake Price Performance

Shares of SNOW stock traded down $12.49 on Wednesday, hitting $307.31. 7,948,738 shares of the stock traded hands, compared to its average volume of 6,723,451. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake has a 52 week low of $118.30 and a 52 week high of $341.95. The firm has a 50 day simple moving average of $291.63 and a two-hundred day simple moving average of $217.32. The firm has a market cap of $106.51 billion, a price-to-earnings ratio of -87.30 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNOW. Piper Sandler lifted their price objective on Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group increased their price target on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Loop Capital boosted their price target on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada upped their price target on shares of Snowflake from $313.00 to $372.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Bank of America upped their target price on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $333.08.

More Snowflake News

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

Insiders Place Their Bets

In other news, Director Frank Slootman sold 48,990 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the transaction, the director directly owned 28,535 shares in the company, valued at $9,153,457.30. The trade was a 63.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction that occurred 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 directly owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their position. 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 quarter, insiders sold 1,156,901 shares of company stock worth $321,725,352. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake during the 4th quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake in the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new position in Snowflake during the third quarter valued at approximately $39,000. Geneos Wealth Management Inc. boosted its stake in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in Snowflake during the 4th quarter valued at approximately $59,000. 65.10% of the stock is currently owned by institutional investors.

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.