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: 144.480
Low
237.00
Averages
278.19
High
312.00
Current: 144.480
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.
Notice of Class Action Lawsuit Against Snowflake Inc.
- Class Action Deadline: Rosen Law Firm reminds purchasers of Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the Class Period while failing to disclose that product efficiency gains and pricing changes would materially negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in the field.
- How to Participate: Investors can visit the Rosen Law Firm website or call toll-free at 866-767-3653 for more information on joining the class action, with no upfront fees required to ensure investor rights are protected.
See More
Snowflake Faces Class Action Lawsuit Risk
- Class Action Notification: Robbins Geller Rudman & Dowd LLP announces that purchasers of Snowflake Inc. (NYSE:SNOW) Class A common stock can seek lead plaintiff status in a class action lawsuit by April 27, 2026, covering the period from June 27, 2023, to February 28, 2024, highlighting investor concerns over potential legal risks facing the company.
- Allegations in Lawsuit: The lawsuit alleges that Snowflake and certain former executives violated the Securities Exchange Act of 1934 by failing to disclose the negative impacts of product efficiency gains, Iceberg Tables, and tiered storage pricing on revenues, raising doubts about the company's ability to meet future revenue targets.
- Stock Price Reaction: Following Snowflake's financial results announcement on February 28, 2024, which forecasted increased revenue headwinds, the stock price fell by over 18%, reflecting market concerns regarding the company's financial health and potentially impacting investor confidence.
- Law Firm Background: Robbins Geller is a leading law firm in securities fraud and shareholder rights litigation, recovering over $916 million for investors in 2025, demonstrating its strong capabilities and influence in the securities class action space, which may attract more investors to participate in the lawsuit.
See More
Pomerantz Files Class Action Against Snowflake Inc. for Securities Fraud
- Class Action Initiated: Pomerantz LLP has filed a class action lawsuit against Snowflake Inc., alleging securities fraud and other unlawful business practices, with investors required to apply as Lead Plaintiff by April 27, 2026.
- Significant Stock Drop: On February 29, 2024, Snowflake's stock plummeted by $41.72, or 18.14%, closing at $188.28, following CFO Michael P. Scarpelli's comments during the earnings call about anticipated revenue headwinds, indicating market concerns over the company's future outlook.
- Poor Financial Outlook: In its fiscal year 2024 report, Snowflake indicated expected revenue pressures related to product efficiency gains and tiered storage pricing, with customers potentially leveraging Iceberg Tables, an open-source data table format, further impacting revenue.
- Legal Firm Background: Pomerantz LLP is a prominent class action law firm specializing in corporate and securities litigation, with a long history of recovering multimillion-dollar damages for victims of securities fraud, showcasing its strong capabilities in the legal field.
See More
Snowflake Inc. Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities transactions from June 27, 2023, to February 28, 2024, potentially exposing investors to losses.
- False Statement Allegations: The complaint alleges that Snowflake made misleading statements regarding customer demand and potential revenues, with its tiered storage pricing and efficiency gains likely to negatively impact revenues and consumption, misleading investors throughout the class period.
- Investor Losses: As the market became aware of the truth about Snowflake, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to reach out before April 27, 2026, to participate in the lawsuit and seek recovery of their losses.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to contact them via phone or email to understand their rights and decide whether to participate in the lawsuit, ensuring they have legal representation before class certification.
See More
Snowflake Inc. Shareholder Class Action Lawsuit Filed
- Class Action Initiated: Bernstein Liebhard LLP announces a securities class action lawsuit on behalf of investors who purchased Snowflake Inc. (SNOW) shares between June 27, 2023, and February 28, 2024, alleging misrepresentations regarding customer usage and product developments, which may have led to investor losses.
- Litigation Timeline: Investors must file papers by April 27, 2026, to serve as lead plaintiff, representing other class members in directing the litigation, while absent members can still share in any recovery, ensuring broad participation.
- Fee Structure: All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected shareholders to join the lawsuit.
- Law Firm Credentials: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has been recognized multiple times in The National Law Journal’s “Plaintiffs’ Hot List,” showcasing its strong reputation and expertise in securities litigation.
See More
Market Sentiment Rebounds, Software Stocks Surge
- Market Sentiment Rebound: The afternoon session saw a surge in stocks, particularly growth-oriented favorites like Microsoft and ServiceNow, driven by a 'risk-on' sentiment stemming from potential peace negotiations between the U.S. and Iran.
- Autodesk Stock Surge: Design software company Autodesk (NASDAQ:ADSK) experienced a 5.1% increase in its stock price, reflecting investor confidence in its growth potential amid a recovering market environment.
- Snowflake's Price Volatility: Data storage firm Snowflake (NYSE:SNOW) saw its shares rise by 6.6%, despite a 33.8% decline year-to-date, as market optimism regarding its future performance prompted renewed investor interest.
- Analyst Support Boost: Bernstein reiterated an 'Outperform' rating for ServiceNow, highlighting its foundational role in business process automation, which further bolstered market confidence in the software sector.
See More
Notice of Class Action Lawsuit Against Snowflake Inc.
- Class Action Deadline: Rosen Law Firm reminds purchasers of Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the Class Period while failing to disclose that product efficiency gains and pricing changes would materially negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in the field.
- How to Participate: Investors can visit the Rosen Law Firm website or call toll-free at 866-767-3653 for more information on joining the class action, with no upfront fees required to ensure investor rights are protected.
See More
Snowflake Faces Class Action Lawsuit Risk
- Class Action Notification: Robbins Geller Rudman & Dowd LLP announces that purchasers of Snowflake Inc. (NYSE:SNOW) Class A common stock can seek lead plaintiff status in a class action lawsuit by April 27, 2026, covering the period from June 27, 2023, to February 28, 2024, highlighting investor concerns over potential legal risks facing the company.
- Allegations in Lawsuit: The lawsuit alleges that Snowflake and certain former executives violated the Securities Exchange Act of 1934 by failing to disclose the negative impacts of product efficiency gains, Iceberg Tables, and tiered storage pricing on revenues, raising doubts about the company's ability to meet future revenue targets.
- Stock Price Reaction: Following Snowflake's financial results announcement on February 28, 2024, which forecasted increased revenue headwinds, the stock price fell by over 18%, reflecting market concerns regarding the company's financial health and potentially impacting investor confidence.
- Law Firm Background: Robbins Geller is a leading law firm in securities fraud and shareholder rights litigation, recovering over $916 million for investors in 2025, demonstrating its strong capabilities and influence in the securities class action space, which may attract more investors to participate in the lawsuit.
See More
Pomerantz Files Class Action Against Snowflake Inc. for Securities Fraud
- Class Action Initiated: Pomerantz LLP has filed a class action lawsuit against Snowflake Inc., alleging securities fraud and other unlawful business practices, with investors required to apply as Lead Plaintiff by April 27, 2026.
- Significant Stock Drop: On February 29, 2024, Snowflake's stock plummeted by $41.72, or 18.14%, closing at $188.28, following CFO Michael P. Scarpelli's comments during the earnings call about anticipated revenue headwinds, indicating market concerns over the company's future outlook.
- Poor Financial Outlook: In its fiscal year 2024 report, Snowflake indicated expected revenue pressures related to product efficiency gains and tiered storage pricing, with customers potentially leveraging Iceberg Tables, an open-source data table format, further impacting revenue.
- Legal Firm Background: Pomerantz LLP is a prominent class action law firm specializing in corporate and securities litigation, with a long history of recovering multimillion-dollar damages for victims of securities fraud, showcasing its strong capabilities in the legal field.
See More
Snowflake Inc. Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities transactions from June 27, 2023, to February 28, 2024, potentially exposing investors to losses.
- False Statement Allegations: The complaint alleges that Snowflake made misleading statements regarding customer demand and potential revenues, with its tiered storage pricing and efficiency gains likely to negatively impact revenues and consumption, misleading investors throughout the class period.
- Investor Losses: As the market became aware of the truth about Snowflake, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to reach out before April 27, 2026, to participate in the lawsuit and seek recovery of their losses.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to contact them via phone or email to understand their rights and decide whether to participate in the lawsuit, ensuring they have legal representation before class certification.
See More
Snowflake Inc. Shareholder Class Action Lawsuit Filed
- Class Action Initiated: Bernstein Liebhard LLP announces a securities class action lawsuit on behalf of investors who purchased Snowflake Inc. (SNOW) shares between June 27, 2023, and February 28, 2024, alleging misrepresentations regarding customer usage and product developments, which may have led to investor losses.
- Litigation Timeline: Investors must file papers by April 27, 2026, to serve as lead plaintiff, representing other class members in directing the litigation, while absent members can still share in any recovery, ensuring broad participation.
- Fee Structure: All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected shareholders to join the lawsuit.
- Law Firm Credentials: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has been recognized multiple times in The National Law Journal’s “Plaintiffs’ Hot List,” showcasing its strong reputation and expertise in securities litigation.
See More
Market Sentiment Rebounds, Software Stocks Surge
- Market Sentiment Rebound: The afternoon session saw a surge in stocks, particularly growth-oriented favorites like Microsoft and ServiceNow, driven by a 'risk-on' sentiment stemming from potential peace negotiations between the U.S. and Iran.
- Autodesk Stock Surge: Design software company Autodesk (NASDAQ:ADSK) experienced a 5.1% increase in its stock price, reflecting investor confidence in its growth potential amid a recovering market environment.
- Snowflake's Price Volatility: Data storage firm Snowflake (NYSE:SNOW) saw its shares rise by 6.6%, despite a 33.8% decline year-to-date, as market optimism regarding its future performance prompted renewed investor interest.
- Analyst Support Boost: Bernstein reiterated an 'Outperform' rating for ServiceNow, highlighting its foundational role in business process automation, which further bolstered market confidence in the software sector.
See More
