ablokhin / Getty Images Quick Read Snowflake (SNOW) posted 28% product revenue growth to $1.12B but guided fourth-quarter growth of just 23% due to heavy discounting. Snowflake’s net revenue retention fell to 126% from 128% as customers demand steeper concessions amid competitive pressures. 50% of Snowflake’s new bookings tie to AI use cases and 80% of revenue comes from expansions. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to r ...

Key Takeaways SNOW beat Q3 earnings and revenue estimates, but its shares sank more than 8% after-hours. SNOW posted 29% product revenue growth and saw customer count rise 20% to 12,621 in Q3. SNOW expanded its operating margin to 10.8% and guided for 27% Q4 product revenue growth. Snowflake (SNOW) reported third-quarter fiscal 2026 non-GAAP earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.90%. The company reported earnings of 20 cents per share in the year-ago quarter.Revenues of ...

伯恩斯坦分析师Firoz Valliji在财报发布前表示，长期来看，新任CEO领导下的创新举措与执行聚焦令我 们备受鼓舞，但我们仍担忧其核心市场竞争正日趋激烈。(格隆汇) 云计算公司Snowflake(SNOW.US)夜盘跌8.5%，报242.4美元。消息面上，Snowflake公布2026财年第三季 度业绩，营收同比增长29%至12.1亿美元，高于分析师预期的11.8亿美元；调整后每股收益为35美分， 高于分析师预期的31美分。期内产品收入同比增长29%至11.6亿美元，亦超过预期的11.4亿美元。 展望第四季度，该公司预计产品收入预计约为11.95至12亿美元，同比增长约27%，仅略高于分析师平 均预期的11.9亿美元；预计调整后营业利润率约为7%，低于预期的8.5%。 来源：格隆汇APP ...

Core Insights - Snowflake Inc. reported $1.21 billion in revenue for the quarter ended October 2025, marking a year-over-year increase of 28.8% and exceeding the Zacks Consensus Estimate by 2.68% [1] - The company achieved an EPS of $0.35, which is a 75% increase from $0.20 a year ago, surpassing the consensus EPS estimate of $0.31 by 12.9% [1] Financial Performance Metrics - Remaining performance obligations stood at $7.88 billion, exceeding the average estimate of $7.46 billion from five analysts [4] - The number of customers with trailing 12-month product revenue greater than $1 million reached 688, slightly above the two-analyst average estimate of 686 [4] - Product revenue was reported at $1.16 billion, surpassing the average estimate of $1.13 billion from ten analysts, reflecting a year-over-year change of 28.7% [4] - Revenue from professional services and other sources was $54.53 million, exceeding the average estimate of $52.7 million, with a year-over-year increase of 30.4% [4] - Non-GAAP product gross profit was $879.17 million, below the average estimate of $915.73 million from eight analysts [4] - GAAP product gross profit was reported at $837.57 million, exceeding the two-analyst average estimate of $798.98 million [4] Stock Performance - Over the past month, shares of Snowflake have returned -2.2%, compared to a -0.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Snowflake reported third-quarter revenue of $1.21 billion, exceeding analyst expectations of $1.19 billion [1] Revenue Summary - Third-quarter product revenue reached $1.16 billion, surpassing analyst forecasts of $1.14 billion [1] - The company anticipates full-year product revenue of $4.45 billion, slightly above analyst expectations of $4.41 billion and the company's previous estimate of $4.40 billion [1] - For the fourth quarter, the expected product revenue is approximately $1.20 billion, compared to analyst expectations of $1.19 billion [1]

Core Viewpoint - The discussion revolves around the performance and outlook of Salesforce and other software stocks, highlighting concerns about their stock prices not reflecting operational results and the impact of market sentiment on investment decisions. Group 1: Salesforce Performance - Salesforce is perceived to be "stuck in the mud," with a lack of upward movement in stock price despite expectations of solid earnings and free cash flow [2][3][12] - There is a sentiment that the stock may not respond positively to earnings due to a prevailing trend of negative market feedback on stocks that report good numbers [3][4] - The disconnect between operational results and stock price is noted, with more sellers than buyers in the market for Salesforce [7][8] Group 2: Broader Software Industry Trends - The software sector, including Salesforce and Adobe, is facing challenges with stock performance, as evidenced by the IGV index being flat over the past 52 weeks, while the SMH index has risen approximately 45% [15][16] - Concerns about software valuations reaching extremes and potential restrictions on technology exports are affecting investor sentiment in the software space [16][17] - The discussion highlights the existential threat posed by artificial intelligence to software companies, although current results have not yet reflected significant negative impacts [8][9] Group 3: Comparisons with Other Companies - Snowflake is highlighted as a company with strong growth potential, projecting product revenue growth of 29-30% and improving operating margins, which may differentiate it from Salesforce and Adobe [18][20] - Adobe is mentioned as having a better growth rate and being cheaper than Salesforce, with a projected growth rate of 14% and a clean balance sheet [24]

Core Viewpoint - Snowflake reaffirmed its revenue guidance for Q3 and the full fiscal year 2026 after an unauthorized statement by an executive regarding future performance [1] Revenue Guidance - The company initially provided revenue guidance on August 27, with Q3 product revenue expected to be between $1.125 billion and $1.130 billion, while market expectations were around $1.18 billion [1] - For the full fiscal year 2026, product revenue is projected to be $4.395 billion, compared to market estimates of $4.61 billion [1] Market Reaction - Following the reaffirmation of guidance, Snowflake's stock price increased by over 1% in pre-market trading on Monday [1]

Core Insights - Snowflake's Q2 FY2026 product revenue reached $1.0905 billion, representing a 32% year-over-year growth, exceeding market expectations [1] - The company raised its full-year product revenue guidance for FY2026 to $4.395 billion [1] - Adjusted earnings per share for Q2 were $0.35, nearly double compared to the same period last year and above analyst expectations [1] Financial Metrics - Remaining Performance Obligations (RPO) stood at $6.9 billion, reflecting a 33% year-over-year increase [1] - The number of high-value customers continued to grow, with a 5% year-over-year increase in Fortune Global 2000 clients [1]

Core Viewpoint - Bank of America raised Snowflake's target price from $220 to $240 and upgraded its rating from "Neutral" to "Buy," believing that the upcoming Q2 earnings report will act as a catalyst for the stock [1] Group 1: Company Performance - The company is expected to outperform others in the long term due to its products meeting the demand of the artificial intelligence software market, which is valued at $155 billion [1]

Group 1 - Snowflake reported Q1 revenue of $1.04 billion, exceeding analyst expectations of $1.01 billion [1] - Q1 product revenue was $996.8 million, surpassing analyst forecasts of $966 million [1] - The company expects full-year product revenue of $4.33 billion, above analyst estimates of $4.29 billion and its own previous guidance of $4.28 billion [2] Group 2 - For Q2, Snowflake anticipates product revenue of approximately $1.04 billion, slightly higher than analyst expectations of $1.03 billion [2] - Following the earnings report, Snowflake's stock rose by 7% in after-hours trading [3]