Snowflake Guides Q1 FY2027 EPS to $0.32, Revenue to $1.32B; Highlights AI's Reliance on Data Warehousing
SNOW sits 50% above its 52-week low of $118.3.
Summary
Snowflake issued Q1 FY2027 guidance, projecting adjusted EPS of $0.32 (up ~33% YoY) and revenue of $1.32 billion (up ~27% YoY). This revenue guidance aligns with recent analyst expectations for sales growth. The company also underscored the vital role of data warehousing in supporting AI initiatives and product development. This forward-looking guidance provides key financial targets for the upcoming quarter and reinforces Snowflake's strategic focus on AI. Investors will now look to the actual Q1 earnings report, due after Wednesday's market close, for confirmation and further details.
At the time of this announcement, SNOW was trading at $177.47 on NYSE in the Technology sector, with a market capitalization of approximately $61.6B. The 52-week trading range was $118.30 to $280.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.