Snowflake Reports Reduced Losses in Q3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
0mins
Should l Buy SNOW?
Source: NASDAQ.COM
Financial Performance: Snowflake, Inc. reported a net loss of $293.9 million for Q3 fiscal 2026, an improvement from a loss of $324.2 million in the previous year, with total revenue reaching $1.21 billion, a 29% increase year-over-year.
Customer Growth: The company experienced strong customer adoption of its AI-ready Data Cloud platform, resulting in a net revenue retention rate of 125% and 688 customers generating over $1 million in product revenue over the last 12 months.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 143.980
Low
237.00
Averages
278.19
High
312.00
Current: 143.980
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Core Holdings Strategy: In his annual letter, Abel emphasized a focus on core holdings such as Apple, American Express, Coca-Cola, and Moody's, which are expected to compound value over decades, reflecting a long-term investment strategy.
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- Management Changes: Following Combs' departure at the end of 2025, Abel is unlikely to replace him, with Ted Weschler continuing to manage about 6% of the portfolio, indicating a preference for maintaining the existing management structure.
- Core Holdings Strategy: In his annual letter, Abel emphasized a focus on core holdings such as Apple, American Express, Coca-Cola, and Moody's, which are expected to compound value over decades, reflecting a long-term investment strategy.
- Amazon Stake Reduction: Berkshire nearly eliminated 80% of its stake in Amazon in Q4 2025, with market speculation linking this decision to Combs' investment style, raising further questions about the company's investment direction.
See More
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- False Statements: The complaint alleges that Snowflake made false and misleading statements regarding customer demand and potential revenues, indicating that its tiered storage pricing and efficiency gains could negatively impact revenues, thereby harming investors' interests.
- Investor Losses: Investors suffered damages when the truth about Snowflake was revealed, and the Schall Law Firm encourages affected shareholders to contact them before April 27, 2026, to participate in the lawsuit and seek recovery of their losses.
- Legal Consultation: The Schall Law Firm offers free consultations, allowing investors to reach out via phone or email to understand their rights and potential legal actions, ensuring they receive appropriate legal representation in the class action.
See More
Notice of Class Action Lawsuit Against Snowflake Inc.
- Class Action Timeline: The class action lawsuit against Snowflake Inc. covers stock purchases from June 27, 2023, to February 28, 2024, with a deadline of April 27, 2026, for investors to apply as lead plaintiffs to seek compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about product usage and business developments during this period while failing to disclose the negative impact of efficiency gains and pricing strategies on revenues, resulting in investor losses when the truth emerged.
- Choosing Legal Counsel: The Rosen Law Firm advises investors to select experienced legal counsel to ensure effective representation in the class action, cautioning against choosing firms that merely act as intermediaries without substantial litigation experience.
- Historical Performance: The Rosen Law Firm has recovered over $438 million for investors in 2019 alone and was ranked first by ISS Securities Class Action Services in 2017, demonstrating its strong capabilities and influence in the securities class action field.
See More
Snowflake Stock Hit by Software Sell-Off
- Market Sell-Off Pressure: As of the afternoon of April 15, 2026, Snowflake's stock price has been severely impacted by a widespread sell-off in the software sector, resulting in a loss of billions in market valuation, indicating a significant decline in investor confidence in software stocks.
- Investor Sentiment Deterioration: This sell-off not only affects Snowflake but also reverberates throughout the software industry, intensifying investor concerns about future profitability, which may lead to further capital outflows from the sector and hinder overall industry recovery.
- Valuation Volatility: With the market reassessing software stock valuations, Snowflake faces pressure on its valuation, potentially placing the company at a disadvantage in future financing and acquisition activities, thereby impacting its long-term growth strategy.
- Market Reaction Analysis: The video published on April 17, 2026, reflects the market's sensitivity to software stocks, indicating that Snowflake must take measures to stabilize investor confidence to avoid further declines in stock price.
See More
Snowflake Stock Hit by Software Sell-Off Amid AI Trillionaire Debate
- Software Sell-Off Impact: Snowflake investors are caught in a software stock sell-off that has wiped billions off valuations, indicating a decline in market confidence in tech stocks, which could affect future financing and investor trust in the company.
- Investment Recommendation Exclusion: The Motley Fool's analyst team has excluded Snowflake from their list of the 10 best stocks, reflecting a cautious market sentiment regarding its future performance, which may lead investors to reassess their portfolios.
- Historical Return Comparison: Compared to the recommendations of Netflix in 2004 and Nvidia in 2005, Snowflake's absence from the list suggests its potential investment returns may not match those of other tech stocks, impacting its attractiveness to investors.
- Market Performance Discrepancy: With Stock Advisor's average return at 1,016%, significantly outperforming the S&P 500's 197%, it indicates that Snowflake's performance in the current market environment may be lacking, prompting investors to seek more appealing investment opportunities.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Snowflake Inc., specifically encouraging investors who purchased securities between June 27, 2023, and February 28, 2024, to contact them before the April 27, 2026 deadline to seek lead plaintiff status.
- Financial Results Disclosure: On February 28, 2024, Snowflake disclosed its financial results for the quarter ending January 31, 2024, indicating expected revenue headwinds due to product efficiency gains and tiered storage pricing, which undermined investor confidence.
- Significant Stock Price Drop: Following the financial results announcement, Snowflake's Class A common stock plummeted from $230.00 to $188.28, a decline of 18.14%, reflecting market concerns about the company's future performance.
- Executive Change Impact: On the same day, Snowflake announced the retirement of CEO Frank Slootman, which further exacerbated investor anxiety and could potentially affect the company's strategic direction and market trust.
See More
