Revenue and Growth - Product revenue for Q1 fiscal 2025 was $789.6 million, representing 34% year-over-year growth[1][2] - Net revenue retention rate was 128% as of April 30, 2024[1][2] - The company has 485 customers with trailing 12-month product revenue greater than $1 million, a 30% year-over-year increase[1][2] - Snowflake has 709 Forbes Global 2000 customers, an 8% year-over-year increase[1][2] - Remaining performance obligations were $5.0 billion, representing 46% year-over-year growth[1][2] - Q2 fiscal 2025 product revenue guidance is $805-$810 million, representing 26-27% year-over-year growth[6] - Full-year fiscal 2025 product revenue guidance is $3.3 billion, representing 24% year-over-year growth[7] - Revenue for the three months ended April 30, 2024, was $828.7 million, a 33% year-over-year increase from $623.6 million in 2023[27] - Product revenue accounted for 95% of total revenue, reaching $789.6 million in Q1 2024, up from $590.1 million in the same period last year[32] Financial Performance - Q1 fiscal 2025 GAAP operating loss was $348.6 million, while non-GAAP operating income was $36.2 million[4] - Q1 fiscal 2025 free cash flow was $331.5 million, representing a 40% margin[4] - GAAP gross profit for Q1 2024 was $556.2 million, representing a 67% gross margin, compared to $414.2 million and a 66% gross margin in Q1 2023[38] - Non-GAAP gross profit improved to $609.1 million, with a gross margin of 74%, up from $453.9 million and a 73% margin in the prior year[38] - Net loss attributable to Snowflake Inc. for Q1 2024 was $317.0 million, compared to a net loss of $225.6 million in Q1 2023[27] - Cash and cash equivalents decreased to $1.33 billion as of April 30, 2024, down from $1.76 billion at the end of January 2024[28] - Operating cash flow for Q1 2024 was $355.5 million, an increase from $299.4 million in the same period last year[30] - Snowflake's total assets stood at $7.30 billion as of April 30, 2024, down from $8.22 billion at the end of January 2024[28] - The company repurchased $516.3 million worth of common stock during Q1 2024, compared to $191.7 million in Q1 2023[30] - Snowflake's deferred revenue decreased to $1.95 billion as of April 30, 2024, from $2.20 billion at the end of January 2024[28] - Stock-based compensation-related charges as a % of revenue is 6%[41] - Non-GAAP gross margin is 74%, up from 73% in the previous period[41] - GAAP sales and marketing expense is $400,822, representing 48% of revenue[41] - Non-GAAP sales and marketing expense is $312,571, representing 38% of revenue[41] - GAAP research and development expense is $410,794, representing 50% of revenue[41] - Non-GAAP research and development expense is $203,153, representing 25% of revenue[41] - GAAP operating loss is $(348,572), representing 42% of revenue[41] - Non-GAAP operating income is $36,244, representing 49% of revenue[41] - Non-GAAP net income attributable to Snowflake Inc. is $52,160, representing 6% of revenue[41] - Non-GAAP free cash flow is $331,545, representing 40% of revenue[42] Acquisitions and Strategic Moves - Snowflake announced intent to acquire certain technology assets and hire key employees from TruEra, an AI observability platform[3]

When Snowflake (SNOW) reports first quarter earnings on Wednesday, analysts expect new Chief Executive Sridhar Ramaswamy to tout his plans to make artificial intelligence products a bigger part of company strategy. Snowflake stock has retreated 17% in 2024 amid a sudden CEO change in February.X Snowflake sells data analytics and management software that runs on the cloud computing platforms of Amazon.com (AMZN) and others. The company is evolving into a cloud data management platform. It faces stiff competi ...

Snowflake hasn't recovered from its fall in late February.This has been a much different investing year than 2023. While it started off nearly the same, with practically any stock tied to artificial intelligence (AI) rising, some of the companies have been under greater scrutiny.That's exactly what happened to Snowflake (SNOW -0.98%), which is now down 30% from its 2024 highs, last reached at the end of February. Most of this sell-off happened one day after it reported results for its fiscal 2024's fourth-q ...

Cloud computing company Snowflake has had its ups and downs. Has the stock been a good investment?Snowflake (SNOW 1.80%) stock went public on Sept. 16, 2020. At the time, expectations for the company were incredibly high. Since then the stock has been on a volatile journey, pushed around in some cases by macroeconomic pressures that had nothing to do with the company's performance.It's been three-plus years since the IPO and things have settled somewhat in the broader economy. Now seems like a good time to ...

Snowflake Inc (NYSE:SNOW) stock received a price-target cut from RBC Securities to $220 from $246 ahead of its first-quarter earnings report, which is due out after the close on Wednesday, May 22. SNOW has struggled with resistance from the $170 level after a series of pullbacks knocked it off a Feb. 12, roughly two-year peak of $237.72. SNOW was last seen up 1.7% to trade at $164.66 at last check, and down 17.2% since the start of the year. The shares finished five of their past eight next-day sessions low ...

Snowflake (SNOW) is set to report its first-quarter fiscal 2025 results on May 22.The Zacks Consensus Estimate for the top line is pegged at $786.95 million, suggesting year-over-year growth of 26.19%.The consensus mark for the bottom line is pegged at 17 cents per share, up by a penny over the past 30 days, indicating 13.33% year-over-year growth.The company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 129.25%.Snowflake shares have declined 29.7% si ...

Shares of Snowflake Inc. (SNOW) have gained 11.3% over the past four weeks to close the last trading session at $161.86, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $206.16 indicates a potential upside of 27.4%.The average comprises 37 short-term price targets ranging from a low of $105 to a high of $246, with a standard deviation of $30.83. While the lowest estimate indicat ...

The upcoming report from Snowflake Inc. (SNOW) is expected to reveal quarterly earnings of $0.17 per share, indicating an increase of 13.3% compared to the year-ago period. Analysts forecast revenues of $786.95 million, representing an increase of 26.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a ...

Investors will be looking for better visibility into cloud spending trends in the company's next earnings report.Shares of Snowflake (SNOW 1.85%) are trading down 20% year to date following a disappointing outlook for growth issued during the company's fiscal fourth-quarter earnings call in February.Heading into the company's upcoming first-quarter earnings report, Bank of America analyst Brad Sills is maintaining a neutral (hold) rating on the shares but he just lowered the price target from $212 to $200. ...

Despite recent stock price troubles, these companies have long-term value propositions that investors should consider.Many stock investing fundamentals remain the same regardless of the investor, but specific investments should be tailored to match your financial situation, risk tolerance, and time horizon. That said, there's nothing wrong with looking to investors whose financial situation is different from yours for stock investment motivation.Many investors look to billionaire Warren Buffett for investme ...