• Reported GAAP EPS of -$0.86 up 33.33% YoY • Reported revenue of $1.39B up 33.48% YoY • Snowflake raised its full-year fiscal 2027 product revenue guidance to $5.84B, representing 31% year-over-year growth, up from previous guidance of $5.66B. The company also expects a Non-GAAP operating margin of 13.5%, up from previous guidance of 12.5%.
Bullish
Snowflake achieved robust product revenue growth, driven by strong AI momentum and expanded partnerships, including a significant multi-year agreement with AWS and deepened collaboration with OpenAI.
Bearish
Snowflake faces risks from a competitive, rapidly changing market and customer consumption optimization. The company also reported a GAAP net loss of -$295.57M for the quarter.