Snowflake Q1 Revenue Jumps to $1.39B, Beats Guidance; Loss Per Share Narrows
SNOW has more than doubled off its 52-week low of $118.3 on elevated volume (2.6× avg).
Summary
Snowflake reported strong first-quarter fiscal 2027 results, with revenue reaching $1.39 billion, surpassing its guidance of $1.32 billion. The company also narrowed its net loss per share to ($0.86) from ($1.29) in the prior year. This detailed 10-Q summary confirms the better-than-expected performance previously indicated in the May 27th 8-K filing, which led to a significant stock surge. The results highlight continued strong product revenue growth and customer expansion.
At the time of this announcement, SNOW was trading at $255.30 on NYSE in the Technology sector, with a market capitalization of approximately $88.6B. 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 7 out of 10. Source: Wiseek News.