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: 174.200
Low
237.00
Averages
278.19
High
312.00
Current: 174.200
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.
Reminder of Class Action Lawsuit Against Snowflake Inc.
- Class Action Notice: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, to apply as lead plaintiffs by April 27, 2026, to participate in the class action and seek compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive business statements during the class period while failing to disclose that product efficiency gains and pricing strategies would materially negatively impact consumption and revenues, leading to investor losses.
- Law Firm Advantages: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, demonstrating its success and resources in this field, urging investors to select counsel with a proven track record.
- Investor Rights: Investors can participate in the lawsuit without any out-of-pocket fees through a contingency fee arrangement, and if they do not select counsel, they are not represented, with their ability to recover in the future not dependent on serving as lead plaintiffs.
See More
Snowflake Inc. Faces Class Action Lawsuit for Securities Violations
- Lawsuit Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between June 27, 2023, and February 28, 2024, which may have led to investor losses.
- 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: Following the revelation of the truth about Snowflake, investors suffered damages, and the Schall Law Firm encourages affected investors to contact them before April 27, 2026, to participate in the lawsuit and seek compensation.
- Legal Consultation: The Schall Law Firm offers free legal consultations, allowing investors to reach out via phone or website to understand their rights and ensure proper legal representation in the class action.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation: 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 seek lead plaintiff status by the April 27, 2026 deadline, thereby safeguarding their legal rights.
- Financial Disclosure Impact: 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, leading to an 18.14% stock price drop from $230 to $188.28, reflecting market concerns about the company's outlook.
- Executive Change Effects: On the same day, Snowflake announced the retirement of CEO Frank Slootman effective February 27, 2024, which may exacerbate investor anxiety and impact the company's strategic direction and market confidence moving forward.
- Investor Rights Advocacy: Faruqi & Faruqi encourages anyone with information regarding Snowflake's conduct, including whistleblowers and former employees, to contact the firm to support potential class action litigation, ensuring that investors' rights are adequately protected.
See More
Databricks Launches Lakewatch Cybersecurity Product
- New Product Launch: Databricks has introduced Lakewatch, a cybersecurity product leveraging large language models (LLMs) to automate and enhance security measures, with current users including Adobe and National Australia Bank, indicating strong market demand and potential.
- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
- Future Growth Potential: With increasing cybersecurity demands, Lakewatch is positioned to support Databricks' $134 billion valuation and pave the way for a potential IPO, with CEO Ali Ghodsi hinting at a possible public offering in 2026.
See More
Notice to Snowflake Inc. Shareholders Regarding Class Action Lawsuit
- Lawsuit Notification: The Gross Law Firm has issued a notice to shareholders of Snowflake Inc., encouraging those who purchased SNOW shares between June 27, 2023, and February 28, 2024, to contact the firm regarding potential lead plaintiff status, indicating significant legal risks for the company.
- Allegations Details: The complaint alleges that during the class period, defendants made materially false and/or misleading statements and failed to disclose that product efficiency gains, including Iceberg Tables and tiered storage pricing, were expected to negatively impact consumption and revenues, potentially leading to investor losses.
- Registration Deadline: Shareholders must register to participate in the class action by April 27, 2026, as failing to do so may affect their rights to claim, highlighting the urgency of the legal process.
- Rights Protection for Participants: Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle, reflecting the firm's commitment to protecting investor rights.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Timeline: Rosen Law Firm reminds investors who purchased Class A common stock of Snowflake Inc. (NYSE: SNOW) between June 27, 2023, and February 28, 2024, of the April 27, 2026, lead plaintiff deadline, as failure to apply by this date will exclude them from participating in the lawsuit.
- Lawsuit Background: The lawsuit alleges that during the class period, defendants made repeated positive statements about the company's business while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- How to Participate: Investors can join the class action by visiting https://rosenlegal.com/submit-form/?case_id=22950 or calling 866-767-3653 for information, with no out-of-pocket fees required for participation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first by ISS for the number of securities class action settlements in 2017, demonstrating its expertise and success in this field.
See More
Reminder of Class Action Lawsuit Against Snowflake Inc.
- Class Action Notice: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, to apply as lead plaintiffs by April 27, 2026, to participate in the class action and seek compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive business statements during the class period while failing to disclose that product efficiency gains and pricing strategies would materially negatively impact consumption and revenues, leading to investor losses.
- Law Firm Advantages: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, demonstrating its success and resources in this field, urging investors to select counsel with a proven track record.
- Investor Rights: Investors can participate in the lawsuit without any out-of-pocket fees through a contingency fee arrangement, and if they do not select counsel, they are not represented, with their ability to recover in the future not dependent on serving as lead plaintiffs.
See More
Snowflake Inc. Faces Class Action Lawsuit for Securities Violations
- Lawsuit Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between June 27, 2023, and February 28, 2024, which may have led to investor losses.
- 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: Following the revelation of the truth about Snowflake, investors suffered damages, and the Schall Law Firm encourages affected investors to contact them before April 27, 2026, to participate in the lawsuit and seek compensation.
- Legal Consultation: The Schall Law Firm offers free legal consultations, allowing investors to reach out via phone or website to understand their rights and ensure proper legal representation in the class action.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation: 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 seek lead plaintiff status by the April 27, 2026 deadline, thereby safeguarding their legal rights.
- Financial Disclosure Impact: 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, leading to an 18.14% stock price drop from $230 to $188.28, reflecting market concerns about the company's outlook.
- Executive Change Effects: On the same day, Snowflake announced the retirement of CEO Frank Slootman effective February 27, 2024, which may exacerbate investor anxiety and impact the company's strategic direction and market confidence moving forward.
- Investor Rights Advocacy: Faruqi & Faruqi encourages anyone with information regarding Snowflake's conduct, including whistleblowers and former employees, to contact the firm to support potential class action litigation, ensuring that investors' rights are adequately protected.
See More
Databricks Launches Lakewatch Cybersecurity Product
- New Product Launch: Databricks has introduced Lakewatch, a cybersecurity product leveraging large language models (LLMs) to automate and enhance security measures, with current users including Adobe and National Australia Bank, indicating strong market demand and potential.
- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
- Future Growth Potential: With increasing cybersecurity demands, Lakewatch is positioned to support Databricks' $134 billion valuation and pave the way for a potential IPO, with CEO Ali Ghodsi hinting at a possible public offering in 2026.
See More
Notice to Snowflake Inc. Shareholders Regarding Class Action Lawsuit
- Lawsuit Notification: The Gross Law Firm has issued a notice to shareholders of Snowflake Inc., encouraging those who purchased SNOW shares between June 27, 2023, and February 28, 2024, to contact the firm regarding potential lead plaintiff status, indicating significant legal risks for the company.
- Allegations Details: The complaint alleges that during the class period, defendants made materially false and/or misleading statements and failed to disclose that product efficiency gains, including Iceberg Tables and tiered storage pricing, were expected to negatively impact consumption and revenues, potentially leading to investor losses.
- Registration Deadline: Shareholders must register to participate in the class action by April 27, 2026, as failing to do so may affect their rights to claim, highlighting the urgency of the legal process.
- Rights Protection for Participants: Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle, reflecting the firm's commitment to protecting investor rights.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Timeline: Rosen Law Firm reminds investors who purchased Class A common stock of Snowflake Inc. (NYSE: SNOW) between June 27, 2023, and February 28, 2024, of the April 27, 2026, lead plaintiff deadline, as failure to apply by this date will exclude them from participating in the lawsuit.
- Lawsuit Background: The lawsuit alleges that during the class period, defendants made repeated positive statements about the company's business while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- How to Participate: Investors can join the class action by visiting https://rosenlegal.com/submit-form/?case_id=22950 or calling 866-767-3653 for information, with no out-of-pocket fees required for participation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first by ISS for the number of securities class action settlements in 2017, demonstrating its expertise and success in this field.
See More
