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Snowflake's product revenue grew 37% year over year in its latest quarter, accelerating for the third quarter in a row. Full-year guidance now stands at about $6.07 billion of product revenue, or 36% growth, after a second raise since February.
Its stocks has rocketed 67% higher so far in 2026, but its sky-high valuation could limit further upside. The company offers cloud platforms that help users to aggregate their data and develop AI software.
Snowflake is becoming an integral part of the AI landscape. The stock is seeing growth led by AI, although shares are not cheap.
Snowflake (NYSE:SNOW | SNOW Price Prediction) is handing back part of Wednesday evening's post-earnings pop, while enterprise software peers and the broader tape barely register a wobble.
SNOW stock jumps 16.6% after Q2 second-quarter results as AI adoption, enterprise growth, and higher product revenue guidance fuel momentum.
Snowflake TodaySNOWSnowflake$352.26 -4.21 (-1.18%) As of 10:55 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$118.30▼$384.56Price Target$414.24Add to WatchlistSnowflake's NASDAQ: SNOW stock surged more than 20% following its Q2 fiscal year 2027 (FY2027) release because of the guidance, and it could continue to rise because of what's to come.
Investors looking for artificial intelligence winners beyond chips are increasingly turning to software and cybersecurity.
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