Snowflake plans to expand its startup accelerator with $200 million in additional commitments, the tech giant that specializes in cloud-based data storage said Thursday.The new injection of capital follows a string of activity by Snowflake over the past several months that illustrates that company’s growth ambitions. The Snowflake Startup Accelerator, formerly known as the Powered by Snowflake Funding Program, invests in a broad range of early-stage startups. Notably, the accelerator invests in startups bu ...

Shares of Snowflake Inc SNOW were climbing in early trading on Thursday, after the company reported upbeat fourth-quarter results.The results came in amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On SnowflakeAnalyst Mark Murphy reiterated an Overweight rating, while raising the price target from $185 to $210.Snowflake's fourth-quarter beat was lower in magnitude and less broad-based across bookings and consumption than the previous quarter's upside, Murphy said in the note. ...

Shares of data company Snowflake (SNOW 8.78%) popped on Thursday after the company reported financial results for its fiscal fourth quarter of 2025. The quarter ended in January and showcased better-than-expected growth. And that's why Snowflake stock was up about 10% at 9:40 a.m. ET.Some great trends for Snowflake's businessSnowflake's management had guided for Q4 product revenue of $906 million to $911 million. But the business generated product revenue of $943 million, which significantly outpaced that f ...

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Snowflake (SNOW) stock is surging Thursday after the cloud company beat top- and bottom-line expectations for its fiscal 2025 fourth quarter, issued a better-than-expected revenue forecast for 2026 and announced an expanded partnership with Microsoft (MSFT).In the three months ending January 31, Snowflake's revenue increased 27.4% year over year to $986.8 million, boosted by product revenue growth of 27.8% to $943.3 million. Earnings per share (EPS) declined 14.3% from the year-ago period to 30 cents."We de ...

Snowflake shares popped more than 13% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results.The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956 million in sales expected by analysts polled by LSEG. That reflected 27% year-over-year revenue growth."We see tremendous opportunities ahead to support our customers throughout their end-to-end data lifecycle, and we are laser-focused on ...

Core Viewpoint - Snowflake's Q4 revenue reached $986.8 million, a 27% year-over-year increase, driven by increased orders and accelerated AI product deployment, exceeding analyst expectations [2][3][5]. Financial Performance - Q4 total revenue was $986.8 million, with a 27% year-over-year growth and adjusted EPS of $0.30, surpassing the expected $0.18 [2][5]. - Product revenue for Q4 was $943.3 million, up 28% year-over-year, accounting for 96% of total revenue [5]. - Remaining Performance Obligations (RPO) for Q4 stood at $687 million, with a total of $3.77 billion for the year, indicating strong demand for long-term contracts [5]. - The company reported a non-GAAP net profit of $300 million for the year, with a Q4 non-GAAP product gross margin of 76%, slightly up from 75% the previous year [6]. Cost Structure - Sales and marketing expenses accounted for 44% of total revenue, which is relatively high compared to industry standards [7]. Growth Drivers - Key growth drivers included the acquisition of large customers (39 new million-dollar clients) and product upgrades, particularly in AI/ML tools [8]. - The company expects Q1 FY2026 product revenue to reach between $955 million and $960 million, a year-over-year growth of 21-22% [8]. Strategic Partnerships - Snowflake announced a partnership with OpenAI, allowing customers to access OpenAI's models directly through its system, enhancing its AI product offerings [10][12]. Competitive Landscape - Snowflake faces intense competition from major tech giants like AWS, Microsoft Azure, and Google Cloud, but its strong financial performance indicates that its differentiated strategy is effective [11].

Core Insights - Snowflake Inc. reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, although down from $0.35 per share a year ago [1] - The company achieved revenues of $986.77 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 3.58% and up from $774.7 million year-over-year [2] - Snowflake projected fiscal 2026 product revenue growth of 24%, reaching $4.28 billion, exceeding analysts' expectations of $4.21 billion [3] Financial Performance - The fourth-quarter revenue of $986.8 million exceeded the estimated $955.9 million, driven by rising demand for cloud-based solutions [5] - For the first quarter, Snowflake forecasts product revenue between $955 million and $960 million, outperforming analysts' projection of $949.3 million [3] AI Integration and Market Trends - The integration of OpenAI's models into Snowflake Cortex AI enhances its appeal to businesses seeking AI-powered data management solutions [4] - The ongoing shift towards cloud-based solutions is increasing demand for Snowflake's services [5] Management Changes - CFO Michael Scarpelli will retire but will remain until a successor is appointed, after which he will transition to an advisory role [6] Analyst Ratings and Price Targets - The average price target for Snowflake Inc. was $191.89, with a range from $115.00 to $225.00, prior to the earnings release [7] - Snowflake Inc. has an average brokerage recommendation (ABR) of 1.63, indicating a strong buy sentiment, compared to an ABR of 1.72 a month ago [8] - Of the 43 recommendations, 29 are Strong Buy, accounting for 67.44% of all recommendations, an increase from 65.12% a month ago [9] ETFs Exposure - Several exchange-traded funds (ETFs) with significant exposure to Snowflake include Spear Alpha ETF (SPRX), TrueShares Technology, AI & Deep Learning ETF (LRNZ), and Global X Cloud Computing ETF (CLOU) [10]

Core Insights - Snowflake's shares increased by 13% in premarket trading following the release of better-than-expected financial results and a positive outlook driven by strong demand for AI products [2][4] - The company reported fiscal 2025 Q4 adjusted earnings per share (EPS) of $0.30, with revenue rising 27% year-over-year to $986.8 million, surpassing analyst expectations of $0.18 EPS and $957.6 million in revenue [2][3] Financial Performance - Product revenue reached $943.3 million, reflecting a 28% increase and exceeding estimates [3] - For the current quarter, Snowflake projects product revenue between $955 million and $960 million, indicating a year-over-year growth of 21%-22% [3][4] Market Outlook - Management highlighted improved visibility into upcoming AI product launches, which are expected to drive significant growth acceleration in the second half of the fiscal year [3][4] - Citi analysts maintain a "buy" rating on Snowflake's stock, indicating confidence in the company's future performance [3]

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