SNOWFLAKE INVESTOR PRESENTATION Fourth Quarter Fiscal 2026 S N O W F L A K E T H E M E 2 0 2 5 . 0 1 © 2025 Snowflake Inc. All Rights Reserved © 2026 Snowflake Inc. All Rights Reserved Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or supe ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Group 1: NVIDIA and Market Expectations - NVIDIA's earnings are highly anticipated, with expectations of a 5% swing in stock price due to data center performance [2][12] - The company is projected to have a $500 billion pipeline by 2026, with investor focus on demand signals extending into 2027 [4] - Current margins for NVIDIA are at 75%, with concerns about supply constraints affecting delivery capabilities [5][7] Group 2: AI and Investment Sentiment - There is a growing concern that a breakdown in AI trade could undermine major growth engines for equities [8] - Investor confidence in AI-related companies like NVIDIA and Meta is wavering, leading to a contradictory market sentiment [9][11] - Despite fears, there are opportunities emerging in AI and disruptive industries, suggesting a potential for long-term investment [11][13] Group 3: Earnings Season Insights - The overall earnings season has shown strong revenue growth, particularly among technology companies and hyperscalers [14][15] - Companies are increasing spending estimates for 2026, indicating that AI investments are continuing despite market jitters [15] - Salesforce and Snowflake are facing scrutiny regarding their ability to generate new revenue from AI products amid a slowdown in core business growth [53][54] Group 4: Anthropic and Government Relations - Anthropic is facing pressure from the Pentagon to comply with government terms regarding AI technology usage, amid a competitive landscape with companies like OpenAI and Google [28][30] - The company has set conditions against mass surveillance and fully autonomous weapon use, highlighting the tension between safety standards and competitive pressures [31][33] Group 5: Circle and Stablecoin Growth - Circle reported a 72% year-on-year growth in USDC, with transaction volumes reaching nearly $12 trillion, up 250% year-on-year [38][39] - The company is diversifying its offerings and building operating systems for a new economic framework centered around stablecoins [40][41] Group 6: Paramount and Warner Bros. Negotiations - Paramount's new offer for Warner Bros. has met the threshold for further negotiations, with both companies preparing to release earnings [44][46] - The deal dynamics are influenced by regulatory hurdles and the changing landscape of cable television [48][50]

They're not spending a ton on capex. They actually have the second highest free cash flow yield. So, they're an interesting play where they could actually give you a little bit of free cash flow yield and have this upside potential. Let's bring in Doug Clinton now who in interestingly likes other hyperscalers over the NVIDIA. You like Amazon, Apple, and Google more than Nvidia. And in that order, why >> we do and and we own Nvidia too, Scott, and going into the print. I think the reality though is we just h ...

Q2 FY2026 Earnings February 25, 2026 To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this presentation includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income per share (diluted), free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measure ...

Core Viewpoint - Salesforce's fourth-quarter results for fiscal 2026 were solid, but the stock remains under pressure due to concerns surrounding artificial intelligence [1] Group 1: Financial Performance - The fourth-quarter results demonstrated strong performance, indicating resilience in the company's operations [1] Group 2: Market Sentiment - Despite solid financial results, the stock is affected by the prevailing concerns related to artificial intelligence, which creates a looming overhang [1]

Salesforce expects revenue to grow in the current fiscal year at about the same rate as it did the year before, as investors worry about AI's threat to software. ...

Stocks moved mostly higher during trading on Wednesday, adding to the strong gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 more than offset the steep losses posted on Monday.The major averages ended the day just off their highs of the session. The Nasdaq jumped 288.40 points or 1.3 percent to 23,152.08, the S&P 500 climbed 56.06 points or 0.8 percent to 6,946.13 and the Dow rose 307.65 points or 0.6 percent to 49,482.15.The continued strength on Wall Street pa ...

Marc Benioff, chief executive officer of Salesforce Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2026.Salesforce shares slipped 3% in extended trading on Wednesday after the customer service software maker reported healthy results and boosted its long-range revenue goal, although its fiscal 2027 revenue view trailed Wall Street projections.Here's how the company did in comparison with LSEG consensus:Earnings per share: $3.81 adjusted vs. $3.04 expectedRevenue: $11. ...

Market Performance Overview - U.S. equity markets closed positively, with the Nasdaq Composite (^IXIC) rising approximately 1.1% to near 22,863, driven by semiconductor and software stocks [2] - The S&P 500 (^GSPC) gained 0.8% to end at 6,890.07, while the Dow Jones Industrial Average (^DJI) rose 0.4%, or about 210 points, to finish at 49,174.50 [2] Sector Performance - Nine of the eleven S&P sectors ended the day in the green, with Consumer Discretionary and Technology sectors being the top performers, while Health Care lagged [3] - The CBOE Volatility Index (VIX) decreased by 7% to 19.55, indicating reduced investor anxiety [3] Tech Giants and AI Momentum - Nvidia (NVDA) shares rose 2.2% ahead of its fourth-quarter results, with analysts predicting a nearly 70% year-over-year profit surge, focusing on the demand for its upcoming "Vera Rubin" AI platform [4] - Salesforce (CRM) saw a 4.1% increase in shares after announcing expanded enterprise AI integrations, reporting record fourth-quarter results with Remaining Performance Obligations (RPO) exceeding $72 billion, a 14% year-over-year increase, and a new $50 billion share repurchase program [5] - Snowflake (SNOW) reported fourth-quarter product revenue of $1.23 billion, up 30% year-over-year, but faced scrutiny over its fiscal 2027 guidance [6] Economic Data and Policy Developments - Consumer confidence rose to 91.2 in February, surpassing forecasts of 88.4, alongside positive labor market data showing private employment growth for four consecutive weeks [7] - The market reacted positively to President Trump's State of the Union address, noting the absence of new tariff threats and a proposal for a government-backed 401(k) match, although his call to ban institutional investors from buying single-family homes affected some real estate and financial services stocks [8] Major Corporate Movers - Axon Enterprise (AXON) surged 21.5% after reporting strong earnings driven by demand for AI-powered body cameras [9] - IBM (IBM) rallied 7% as investors reassessed its defensive positioning in the AI consulting market [9] - Lowe's (LOW) fell 4.5% despite beating earnings estimates due to management's warnings about uncertainty in the housing sector [13] - GoDaddy (GDDY) dropped 16% amid skepticism over its AI strategy despite a quarterly earnings beat [13] - Clear Secure (YOU) jumped 31.8% following a strong earnings report and an increase in its dividend [13]