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May 28, 2026 8:20 AM

These Analysts Boost Their Forecasts On Snowflake After Upbeat Q1 Results

Snowflake Inc. (NYSE:SNOW) on Wednesday reported upbeat financial results for the first quarter of fiscal 2027.

Snowflake posted first-quarter revenue of $1.39 billion, beating analyst estimates of $1.32 billion, according to Benzinga Pro. The AI data cloud company reported adjusted earnings of 39 cents per share for the quarter, beating analyst estimates of 32 cents per share.

"AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey. With Cortex Code and Snowflake Intelligence, we are extending from the trusted foundation for enterprise data and context to become the control plane for the Agentic Enterprise," said Sridhar Ramaswamy, CEO of Snowflake.

Snowflake sees second-quarter product revenue in the range of $1.415 billion ...