herstockart/iStock via Getty Images Investment Thesis Snowflake (NYSE:SNOW) delivered fiscal Q2 2025 earnings, which saw its stock slip 8% after hours. But details matter. It wasn't so much a lack of beats that drove its stock lower because Snowflake not only beat on the top line and the bottom line, but it also revised higher its growth rates for its fiscal year. The issue is that Snowflake carries a premium valuation, while its profitability profile cannot match investors' high expectations. More conc ...

Key TakeawaysShares in cloud data-warehouse software company Snowflake dropped 8% in extended trading on Wednesday after a widening net loss and rising costs overshadowed quarterly results that came in ahead of expectations. The share price broke out from a falling wedge pattern earlier this month, but that move looks to be tested following the stock's projected post-earnings fall.Snowflake shares may find buying interest on the chart at key price levels including $123, $108, and $95. Shares in cloud data-w ...

Financial Data and Key Metrics Changes - Product revenue for Q2 was $829 million, representing a 30% year-over-year increase [7] - Remaining performance obligations (RPO) totaled $5.2 billion, with year-over-year growth accelerating to 48% [14] - Non-GAAP product gross margin was 76%, slightly down year-over-year, while non-GAAP operating margin was 5% [15] - The company ended the quarter with $3.9 billion in cash and investments, and repurchased $400 million worth of shares [15] Business Line Data and Key Metrics Changes - Financial services and technology verticals drove growth in the quarter [13] - Over 2,500 accounts were using Snowflake AI on a weekly basis, with significant traction in the Notebooks offering [12] - More than 400 accounts were using Iceberg by the end of Q2, indicating broad adoption of new product features [11] Market Data and Key Metrics Changes - The company reported strong bookings in the quarter, with two nine-figure deals signed [14] - Approximately 80% of customers are paying annually in advance, indicating stable customer relationships [15] Company Strategy and Development Direction - The company is focused on making Snowflake the best cloud for computation, collaboration, and application on all data, leveraging AI for easier product creation and maintenance [6] - The innovation engine is in overdrive, with nine new product announcements and over 15 product capabilities brought to market [11] - The company aims to be a key player in the Iceberg ecosystem, promoting interoperability and industry standards [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strength of the core business and the rapid progress made on AI initiatives [7] - The company expects product revenue for Q3 to be between $850 million and $855 million, and has increased its FY '25 product revenue guidance to approximately $3.356 billion [16] - Management noted that the cybersecurity incidents affecting customers did not impact consumption significantly [19] Other Important Information - The company has authorized an additional $2.5 billion for stock repurchase through March 2027 [15] - The company is seeing broad adoption of AI products, with expectations for continued revenue contribution [12] Q&A Session Summary Question: Impact of cybersecurity incidents on consumption - Management stated that the cybersecurity incident had no significant impact on consumption, and the CrowdStrike outage was minimal [19] Question: Performance of Iceberg tables - Management reported that 400 customers are using Iceberg, and there has been no movement of storage out of Snowflake [21] Question: Factors affecting gross margin - Management indicated that margins were slightly better than forecasted, but guidance remains at 75% for the year [24] Question: Nine-figure deals - The nine-figure deals were renewals with expansions from existing customers [28] Question: Future product contributions - Management expects new products like Snowpark to contribute materially to revenue in FY 2026 [30][77] Question: Trends in cash flow and collections - Collections were as planned, and there is no delayed spend impacting guidance [62] Question: Adoption of Cortex - Adoption of Cortex products is strong, with significant interest in features like Cortex LLM and Snowflake Copilot [50] Question: Migration from legacy systems - The company continues to see migrations from legacy systems, which are important for new customer acquisition and consumption increases [70]

Snowflake (NYSE:SNOW) just reported results for the second quarter of 2025.Snowflake reported earnings per share of 18 cents. This was above the analyst estimate for EPS of 16 cents.The company reported revenue of $868.82 million.This was 2.08% better than the analyst estimate for revenue of $851.16 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and ...

For the quarter ended July 2024, Snowflake Inc. (SNOW) reported revenue of $868.82 million, up 28.9% over the same period last year. EPS came in at $0.18, compared to $0.22 in the year-ago quarter.The reported revenue represents a surprise of +2.26% over the Zacks Consensus Estimate of $849.65 million. With the consensus EPS estimate being $0.15, the EPS surprise was +20.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Snowflake Inc. (SNOW) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.14, delivering a surprise of -17.65%.Over the last four quarters, the company has ...

Key TakeawaysSnowflake's second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The company's outlook also missed analysts' estimates compiled by Visible Alpha.Snowflake CEO Sridhar Ramaswamy highlighted the company's opportunities related to artificial intelligence. Snowflake's (SNOW) second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The data cloud company reported second-qua ...

Snowflake Reports Financial Results for the Second Quarter of Fiscal 2025 • Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth • Net revenue retention rate of 127% • 510 customers with trailing 12-month product revenue greater than $1 million • 736 Forbes Global 2000 customers • Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth • Authorized the repurchase of an additional $2.5 billion under our stock repurchase program thro ...

Snowflake Inc. SNOW is expected to release earnings results for its second quarter, after the closing bell on Wednesday, Aug. 21.Analysts expect the Bozeman, Montana-based company to report quarterly earnings at 16 cents per share, down from 22 cents per share in the year-ago period. Snowflake is projected to report quarterly revenue of $849.7 million, according to data from Benzinga Pro.On May 22, Snowflake said first-quarter revenue increased 33% year-over-year to $828.7 million, beating the consensus est ...

One of these businesses is more capital-intensive than the other.On Aug. 14, Warren Buffett's conglomerate Berkshire Hathaway (BRK.A 0.27%) (BRK.B 0.17%) released its updated stock holdings for the second quarter of 2024. The biggest headline-grabbing moves were that it sold all of its shares of Snowflake (SNOW 0.22%) and started a roughly $260 million position in Ulta Beauty (ULTA 2.85%). But both of these moves make perfect sense for Berkshire.To be clear, Berkshire Hathaway has plenty of money -- it had ...