Snowflake (SNOW) to Release Earnings on Wednesday

Key Points

• Snowflake is scheduled to report Q2 fiscal 2027 earnings after the market closes on September 2, 2026. Analysts expect earnings of $0.4468 per share and revenue of $1.4827 billion.
• The company’s previous quarter exceeded expectations, with adjusted earnings of $0.39 per share versus a $0.32 estimate and revenue of $1.39 billion, up 33.5% year over year. Investors will focus on AI-driven demand, consumption trends, margins and forward guidance.
• Shares have rallied sharply amid strong analyst support and AI optimism, but valuation and profitability remain concerns. Snowflake continues to post negative net margins and return on equity, while insiders sold approximately $597.3 million of stock over the past 90 days.

Snowflake (NYSE:SNOW - Get Free Report) is expected to be releasing its Q2 2027 results after the market closes on Wednesday, September 2nd. Analysts expect Snowflake to announce earnings of $0.4468 per share and revenue of $1.4827 billion for the quarter. Investors can check the company's upcoming Q2 2027 earning report page for the latest details on the call scheduled for Wednesday, September 2, 2026 at 5:00 PM ET.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business's quarterly revenue was up 33.5% compared to the same quarter last year. On average, analysts expect Snowflake to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Snowflake Price Performance

NYSE:SNOW opened at $317.41 on Wednesday. The firm's fifty day moving average is $282.30 and its two-hundred day moving average is $211.97. The firm has a market cap of $110.01 billion, a price-to-earnings ratio of -90.17 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. Snowflake has a one year low of $118.30 and a one year high of $341.95.

Insiders Place Their Bets

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $12,343,380.98. Following the transaction, the director owned 27,716 shares in the company, valued at approximately $6,796,240.36. This represents a 64.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares in the company, valued at approximately $2,200,250. The trade was a 91.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,272,001 shares of company stock worth $597,315,032. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently added to or reduced their stakes in SNOW. Brighton Jones LLC raised its holdings in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Fairscale Capital LLC lifted its stake in Snowflake by 20.0% in the 4th quarter. Fairscale Capital LLC now owns 751 shares of the company's stock worth $165,000 after purchasing an additional 125 shares in the last quarter. Howe & Rusling Inc. acquired a new position in shares of Snowflake during the 4th quarter worth approximately $215,000. Quattro Advisors LLC acquired a new position in shares of Snowflake during the 4th quarter worth approximately $175,000. Finally, PharVision Advisers LLC acquired a new position in shares of Snowflake during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI adoption is strengthening the growth story. Snowflake is seeing more data flow through its platform as enterprises deploy AI agents. Its Cortex AI Gateway and new dynamic model-routing capabilities are designed to help customers manage model costs, workloads and governance, potentially increasing platform usage and differentiation. Snowflake Stock Fans Should Prepare for September 2 as AI Agents Are Pouring More Data Into It
• Positive Sentiment: Analyst support increased. Robert W. Baird raised its Snowflake price target from $280 to $350 and maintained an “outperform” rating, citing confidence in the company’s AI-driven prospects. Snowflake is also among the software stocks receiving the most analyst upgrades as businesses increase AI spending. Benzinga
• Positive Sentiment: Institutional and prominent growth investors remain interested. Snowflake appears in the portfolios of Altimeter Capital’s Brad Gerstner and ARK Invest’s Cathie Wood. Coverage also points to institutional buying and analyst targets suggesting potential for additional gains despite recent insider selling. Brad Gerstner and Cathie Wood Like Snowflake and Robinhood
• Neutral Sentiment: The next major catalyst is earnings. Snowflake is scheduled to report its next quarterly results after the market closes on September 2, 2026. Investors will focus on product-revenue growth, consumption trends, AI-related demand, margins and forward guidance. The stock’s sharp advance has increased the likelihood of volatility around the report.
• Negative Sentiment: Valuation and profit concerns are limiting near-term upside. Snowflake’s AI narrative has helped drive substantial recent gains, but the shares now reflect high expectations. Analysts’ consensus target implies only modest upside, while the company continues to report negative net margins and negative return on equity. A recent market pullback may therefore reflect profit-taking and caution ahead of earnings. Snowflake AI Push Puts Its Pricey Narrative Back In Focus

Wall Street Analyst Weigh In

A number of analysts have recently commented on SNOW shares. Truist Financial set a $360.00 target price on Snowflake in a research note on Tuesday. Barclays lifted their price target on Snowflake from $272.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, June 4th. Mizuho upped their price objective on Snowflake from $295.00 to $355.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Canaccord Genuity Group raised their price objective on shares of Snowflake from $240.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Finally, Benchmark lifted their target price on shares of Snowflake from $290.00 to $360.00 and gave the company a "buy" rating in a report on Tuesday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $324.84.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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