Snowflake Shares Soar After Strong Earnings Report: Attention on ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Should l Buy SNOW?
Source: NASDAQ.COM
Earnings Report Highlights: Snowflake's shares rose 13% after reporting second-quarter fiscal 2026 earnings of 35 cents per share, exceeding Wall Street expectations and nearly doubling the previous year's figure.
Revenue Growth: The company reported a 32% increase in revenues to $1.1 billion, surpassing the consensus estimate of $1.09 billion, with remaining performance obligations reaching $6.9 billion, up 33% year-over-year.
Increased Revenue Forecast: Snowflake raised its product revenue forecast for fiscal 2026 to $4.40 billion, driven by strong demand for data analytics services amid rising enterprise investments in artificial intelligence.
ETFs Exposure: Several exchange-traded funds (ETFs) like Twin Oak Endure ETF, TrueShares Technology, AI & Deep Learning ETF, and Global X Cloud Computing ETF have significant exposure to Snowflake and may benefit from its growth in the AI sector.
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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: 139.740
Low
237.00
Averages
278.19
High
312.00
Current: 139.740
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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- Customer Expansion: CEO Olivier Pomel revealed that Datadog secured partnerships with two major hyperscaler customers focused on training in their superintelligence labs, further solidifying its leadership in the cloud infrastructure market.
- Industry Impact: Datadog's robust performance not only boosted its own stock but also propelled shares of Snowflake and MongoDB up by 10% each, indicating widespread market confidence in AI-related companies.
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- Stock Surge: Datadog's stock soared 31% following its quarterly earnings report, marking its largest single-day gain since going public in 2023, reflecting strong market confidence in its AI solutions and solidifying its leadership in cloud infrastructure.
- Revenue Milestone: The company reported quarterly revenue exceeding $1 billion for the first time, indicating robust performance in the AI market, which has attracted investor interest and laid a solid foundation for future growth.
- Customer Base Expansion: CEO Olivier Pomel disclosed that Datadog secured two major hyperscaler customers for AI training, further enhancing its market position in the AI training sector and demonstrating its critical role in cloud infrastructure.
- Industry Impact: Datadog's impressive performance not only boosted its own stock but also lifted shares of other cloud infrastructure companies like Snowflake and MongoDB, indicating a growing market confidence in AI-related firms.
See More
Snowflake Aims to Integrate Enterprise Data and AI Workflows
- Massive Market Opportunity: Snowflake is striving to become the platform that integrates enterprise data and AI workflows, and if customers utilize its tools more deeply, the market potential could significantly increase, potentially leading to substantial revenue growth.
- High Stock Expectations: Despite the high expectations surrounding Snowflake, its stock carries a premium valuation, which necessitates caution from investors when assessing its risk and return profile.
- Investor Interest: Currently, Snowflake is viewed as one of the more compelling yet risky investment stories in the AI software sector, capturing the attention of numerous investors, particularly against the backdrop of rapid advancements in AI technology.
- Video Release Information: A related video was published on May 4, 2026, showcasing Snowflake's latest developments in data and AI integration, further heightening market interest in its future performance.
See More
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- Earnings Release Schedule: Snowflake will announce its financial results for Q1 FY2027 on May 27, 2026, after U.S. market close, reflecting the company's ongoing growth in the AI data cloud sector.
- Conference Call Details: Following the earnings release, Snowflake will host a conference call at 2 p.m. Pacific Time, allowing investors to dial in at 1-800-330-6730 (domestic) or 1-646-769-9500 (international), ensuring transparent communication of financial performance.
- Webcast and Replay: The conference call will be webcast live on Snowflake's Investor Relations website, with an audio replay available two hours post-call and accessible for 30 days, enhancing investor engagement and information accessibility.
- Customer Base and Market Position: With over 13,300 customers, including many of the world's largest companies, Snowflake demonstrates a strong market position in the AI data cloud platform, driving enterprise innovation and maximizing data value.
See More
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- Significant Customer Growth: Snowflake's customer count increased by 21% year-over-year in Q4 of fiscal 2026, surpassing last year's 19% growth, indicating strong market demand for its AI solutions and solidifying its position in the AI software market.
- Historic Contract Signings: The company signed its largest contract in history valued at over $400 million in the previous quarter, along with seven contracts exceeding $100 million, a substantial increase from just two in the prior year, which will significantly boost future revenue growth.
- Rising Remaining Performance Obligations: By the end of fiscal 2026, Snowflake's remaining performance obligations (RPO) reached $9.8 billion, a 42% year-over-year increase, indicating strong future revenue potential and market demand.
- Enhanced Profitability: The company's earnings per share rose by 50% in fiscal 2026 to $1.25, reflecting its ability to win more business from existing customers, with expectations for continued profitability growth, further boosting investor confidence.
See More
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- Historic Large Contracts: The company signed its largest deal in history valued at over $400 million in the previous quarter, along with seven contracts exceeding $100 million, showcasing its success in securing large transactions that are expected to drive future revenue growth.
- Strong Earnings Improvement: Earnings per share surged by 50% in fiscal 2026 to $1.25, reflecting the company's ability to win more business from existing customers, which further enhances its profitability.
- Massive Market Potential: The AI analytics platform market is projected to grow from $28 billion last year to $220 billion by 2035, providing Snowflake with substantial growth opportunities, making it an attractive investment despite a one-third decline in stock value in 2026.
See More
