Snowflake soars after lifting full-year product revenue forecast

Snowflake

02/09/2026 21:39

** Shares of cloud firm Snowflake SNOW.N rise 20.2% to $368.15 in extended trading
** Company raises full-year product revenue forecast, betting on strong demand for its cloud data platform and AI offerings
** SNOW expects fiscal 2027 product revenue of $6.07 billion vs prior forecast of $5.84 billion
** Company's Q2 product revenue rises 37% to $1.49 billion
** SNOW posts Q2 overall revenue of $1.55 billion vs estimate of $1.48 billion - data compiled by LSEG
** Company reports Q2 adjusted earnings of 62 cents per share vs estimate of 45 cents per share
** Up till last close, stock up 39.4% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))