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Stock impact report

Snowflake (SNOW) Boosts FY2026 Guidance on Strong Enterprise Demand [Yahoo! Finance]

Snowflake Inc. (SNOW) 
Last snowflake inc. earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
from $221 on December 4 while retaining a Market Perform rating after the company's third-quarter fiscal 2026 results. The cloud data company boosted its fiscal year 2026 guidance by roughly 1.5%, which was ahead of expectations, though consistent with past trends, and announced revenue that exceeded estimates by 3%. Meanwhile, strong consumption and enterprise customer momentum drove a 29% increase in product revenue, which came in above Street projections by $28 million. Snowflake Inc. (NYSE:SNOW) also generated $100 million in annual recurring revenue from AI workloads a quarter above its schedule, while contracted remaining performance obligation (cRPO) development and net revenue retention (NRR) stayed consistent. Following the earnings results, the company's management emphasized that its core business activities, as well as recent categories like data engineering and artificial intelligence/machine learning, continue to make great progress. Citing the Snowflake's steady Show less Read more
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