Snowflake (SNOW) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Snowflake is set to release its Q2 2026 earnings report on August 27, 2025, with analysts predicting earnings of $0.26 per share and revenue of $1.0866 billion.
• The company reported a 25.8% year-over-year increase in revenue during the last quarter, achieving $1.04 billion against an estimate of $1.01 billion.
• Multiple analysts have upgraded their price targets for Snowflake, with Jefferies Financial Group raising it to $250 and Morgan Stanley setting a target of $262.

Snowflake (NYSE:SNOW - Get Free Report) is projected to issue its Q2 2026 results after the market closes on Wednesday, August 27th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $1.0866 billion for the quarter. Parties can check the company's upcoming Q2 2026 earningsummary page for the latest details on the call scheduled for Wednesday, August 27, 2025 at 5:00 PM ET.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The firm's revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, analysts expect Snowflake to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Snowflake Stock Up 1.1%

SNOW traded up $2.1110 during trading on Friday, hitting $196.7910. The company had a trading volume of 3,096,066 shares, compared to its average volume of 4,219,872. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake has a one year low of $107.13 and a one year high of $229.27. The firm's 50-day moving average price is $211.11 and its 200 day moving average price is $184.90. The company has a market capitalization of $65.70 billion, a PE ratio of -46.74 and a beta of 1.22.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Snowflake from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Royal Bank Of Canada lifted their price target on shares of Snowflake from $236.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. CICC Research assumed coverage on shares of Snowflake in a research note on Friday, June 20th. They issued an "outperform" rating and a $225.00 price target on the stock. Sanford C. Bernstein reiterated a "market perform" rating on shares of Snowflake in a research note on Thursday, May 22nd. Finally, Truist Financial lifted their price target on shares of Snowflake from $210.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $230.22.

Insider Activity

In other news, Director Frank Slootman sold 424,852 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $219.35, for a total transaction of $93,191,286.20. Following the transaction, the director directly owned 165,507 shares in the company, valued at $36,303,960.45. The trade was a 71.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Scarpelli sold 400,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $205.36, for a total transaction of $82,144,000.00. Following the transaction, the chief financial officer owned 292,610 shares in the company, valued at $60,090,389.60. This represents a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,916,826 shares of company stock worth $637,835,052 over the last 90 days. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in Snowflake by 15.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 901,709 shares of the company's stock valued at $201,757,000 after buying an additional 119,556 shares during the last quarter. Scge Management L.P. acquired a new position in Snowflake in the 2nd quarter valued at about $140,528,000. Canada Pension Plan Investment Board grew its stake in Snowflake by 57.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 512,595 shares of the company's stock valued at $114,703,000 after buying an additional 186,371 shares during the last quarter. California State Teachers Retirement System grew its stake in Snowflake by 6.5% in the 2nd quarter. California State Teachers Retirement System now owns 494,023 shares of the company's stock valued at $110,548,000 after buying an additional 30,129 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Snowflake by 23.7% in the 2nd quarter. Raymond James Financial Inc. now owns 473,588 shares of the company's stock valued at $105,975,000 after buying an additional 90,814 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.