Snap (SNAP) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Snap will report Q1 2026 results after the market close on May 6, 2026 at 5:00 PM ET, with analysts forecasting $0.08 EPS and $1.5242 billion in revenue.
• Investors are focused on planned cost cuts (roughly $500M) and a new ad format, "AI Sponsored Snaps," as potential drivers of margin improvement and revenue growth, while some analysts have issued upgrades even as the consensus rating remains "Hold" with an $8.08 target.
• Insiders have been net sellers recently — including CFO Derek Andersen and Ajit Mohan — with ~2.57 million shares (~$13.3M) sold in the past 90 days; this comes after Snap missed the prior quarter's EPS ($0.03 vs. $0.15) despite revenue rising to $1.72 billion.

Snap (NYSE:SNAP - Get Free Report) is anticipated to issue its Q1 2026 results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $1.5242 billion for the quarter. Parties may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, May 6, 2026 at 5:00 PM ET.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.12). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm posted $0.01 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Down 1.7%

SNAP stock opened at $5.96 on Wednesday. Snap has a 52 week low of $3.81 and a 52 week high of $10.41. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of -22.06 and a beta of 0.91. The firm's 50-day moving average is $5.03 and its two-hundred day moving average is $6.64. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53.

Insiders Place Their Bets

In other news, CFO Derek Andersen sold 92,956 shares of Snap stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.59, for a total value of $426,668.04. Following the transaction, the chief financial officer directly owned 3,799,661 shares of the company's stock, valued at $17,440,443.99. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ajit Mohan sold 119,339 shares of Snap stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total transaction of $560,893.30. Following the completion of the transaction, the insider directly owned 5,158,477 shares in the company, valued at approximately $24,244,841.90. This trade represents a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,565,573 shares of company stock valued at $13,329,781 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SNAP. Empowered Funds LLC increased its position in shares of Snap by 13.3% in the first quarter. Empowered Funds LLC now owns 40,393 shares of the company's stock worth $352,000 after acquiring an additional 4,754 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Snap in the second quarter worth approximately $136,000. Investment Management Corp of Ontario increased its position in shares of Snap by 104.0% in the second quarter. Investment Management Corp of Ontario now owns 61,513 shares of the company's stock worth $535,000 after acquiring an additional 31,357 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of Snap in the second quarter worth approximately $1,675,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Snap by 52.0% in the second quarter. The Manufacturers Life Insurance Company now owns 89,337 shares of the company's stock worth $776,000 after acquiring an additional 30,561 shares in the last quarter. 47.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNAP has been the topic of a number of recent analyst reports. Barclays upgraded shares of Snap from an "overweight" rating to an "overweight" rating in a research report on Monday. Bank of America raised shares of Snap from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. lowered their price objective on shares of Snap from $8.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, February 5th. Guggenheim reaffirmed a "neutral" rating and issued a $6.50 price objective on shares of Snap in a research note on Thursday, April 16th. Finally, Evercore reaffirmed a "mixed" rating on shares of Snap in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.08.

Snap News Roundup

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Rothschild & Co Redburn upgraded SNAP to Buy and doubled its price target to $10, a move that triggered sharp intraday gains and lifted investor sentiment by signaling greater upside and renewed confidence in Snap’s recovery prospects. Snap Inc. (SNAP) Surges 7% as Analyst Doubles PT, Turns Bullish
• Positive Sentiment: Management/market reports point to roughly $500M of planned cost cuts and restructuring that investors expect will materially improve profitability if executed, supporting upside to margins and earnings expectations. Snap stock jumps on upgrade, $500m cost cuts fuel profit hopes
• Positive Sentiment: Product innovation: Snap rolled out “AI Sponsored Snaps,” conversational, brand‑driven AI agents inside the Chat tab — a new ad format that could raise engagement and ARPU if advertisers adopt it at scale. This is being watched as a revenue catalyst. Snapchat brings AI-powered conversational advertising to its app
• Neutral Sentiment: Sector momentum: bullish previews for Meta’s ad revenue (AI‑fueled engagement and global strength) suggest a healthy ad demand environment that could lift Snap’s top line — but the effect is indirect and depends on Snap’s ability to monetize new formats. Will Higher Ad Revenues Aid Meta Platforms' Stock in Q1 Earnings?
• Negative Sentiment: Countervailing risk from AI and margin pressure highlighted in sector commentary — while ad revenues may rise, heavier AI spending and loss‑making initiatives at large peers raise investor sensitivity to margin outcomes; Snap still faces execution and profitability risk despite cost cuts. Buy, Sell or Hold Meta Platforms Stock? Key Tips Ahead of Q1 Earnings

Snap Company Profile

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.

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