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Here's What Key Metrics Tell Us About Snowflake (SNOW) Q1 Earnings
SnowflakeSnowflake(US:SNOW) ZACKSยท2025-05-21 22:31

Core Insights - Snowflake Inc. reported revenue of $1.04 billion for the quarter ended April 2025, reflecting a year-over-year increase of 25.8% [1] - The earnings per share (EPS) for the quarter was $0.24, up from $0.14 in the same quarter last year, with an EPS surprise of +9.09% compared to the consensus estimate of $0.22 [1] Financial Performance Metrics - Remaining performance obligations stood at $6.70 billion, exceeding the average estimate of $6.55 billion from four analysts [4] - The number of customers with trailing 12-month product revenue greater than $1 million reached 606, slightly above the two-analyst average estimate of 603 [4] - Product revenue was reported at $996.81 million, surpassing the estimated $934.18 million by 12 analysts, marking a 26.2% increase year-over-year [4] - Professional services and other revenue amounted to $45.26 million, exceeding the average estimate of $44.63 million, representing a 15.7% year-over-year increase [4] - Non-GAAP product gross profit was $754.12 million, above the average estimate of $720.03 million from nine analysts [4] - GAAP product gross profit was reported at $711.54 million, exceeding the two-analyst average estimate of $678.55 million [4] Stock Performance - Snowflake's shares have returned +30.4% over the past month, outperforming the Zacks S&P 500 composite's +12.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]