Snowflake Fiscal Q1 Non-GAAP Earnings, Revenue Increase -- Shares Rise After Hours

MT Newswires Live
22 May

Snowflake (SNOW) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.24 per diluted share, up from $0.14 a year earlier.

Analysts polled by FactSet expected $0.21.

Revenue for the quarter ended April 30 was $1.04 billion, up from $828.7 million a year earlier.

Analysts surveyed by FactSet expected $1.01 billion.

The company set fiscal Q2 product revenue guidance of $1.035 billion to $1.040 billion. Analysts expect $1.02 billion.

The company also upgraded its fiscal 2026 full-year product revenue guidance to $4.33 billion from $4.28 billion earlier. Analysts expect $4.28 billion.

Shares of Snowflake were up 6.8% in after-hours trading.

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