美股异动丨Snowflake夜盘跌8.5%，本季业绩指引疲软，市场担忧核心市场竞争加剧

Core Viewpoint - Snowflake's stock dropped 8.5% to $242.4 following the release of its Q3 FY2026 earnings report, despite beating revenue and earnings expectations [1] Financial Performance - Revenue for Q3 FY2026 increased by 29% year-over-year to $1.21 billion, surpassing analyst expectations of $1.18 billion [1] - Adjusted earnings per share were $0.35, exceeding the forecast of $0.31 [1] - Product revenue also grew by 29% year-over-year to $1.16 billion, exceeding the expected $1.14 billion [1] Future Outlook - For Q4, the company projects product revenue to be approximately $1.195 to $1.2 billion, reflecting a year-over-year growth of about 27%, slightly above the analyst average estimate of $1.19 billion [1] - The expected adjusted operating margin is around 7%, which is below the anticipated 8.5% [1] Analyst Commentary - Bernstein analyst Firoz Valliji expressed optimism about the new CEO's leadership and innovation initiatives but raised concerns about increasing competition in the core market [1]