{
  "id": 5222187,
  "title": "Snowflake knocks it out the park with a stellar earnings and revenue beat",
  "url": "https://urgent.news/2026/09/03/snowflake-knocks-it-out-the-park-with-a-stellar-earnings-and-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T01:25:26.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/09/02/snowflake-knocks-it-out-the-park-with-a-stellar-earnings-and-revenue-beat/"
  },
  "original_language": "en",
  "account": "Snowflake Inc. has exceeded market expectations with strong second-quarter earnings and revenue results. The cloud data warehouse provider reported earnings of 62 cents per share, surpassing analyst forecasts of 45 cents. Revenue increased by 35% to $1.55 billion, exceeding the target of $1.48 billion. Executives forecast product revenue of $6.1 billion by fiscal 2026, representing 36% growth. Adjusted operating margin is expected to reach 14.5%, up from 10% in 2026. Despite still being unprofitable, Snowflake aims to become profitable in the upcoming fiscal year. CEO Sridhar Ramaswamy stated the company is on track to break even next year. Snowflake added 692 new customers in the quarter, up 32% from the previous year, with many utilizing AI tools to power their own AI agents. The company's AI tools, CoCo and CoWork, have seen strong adoption, with over 9,100 and 5,800 customer accounts respectively. While Snowflake faces competition from software giants like Microsoft and Databricks, some analysts raise concerns about potential revenue loss due to customers optimizing their platform usage through AI. However, Ramaswamy believes this could actually benefit the company in the long run, as it means customers are getting more value for their money. Despite trading at a premium of 15 times projected revenue, Snowflake's strong results and growing AI offerings suggest it may be able to meet investor expectations.",
  "summary": "Snowflake Inc. crushed the market’s expectations as it delivered solid second-quarter financial results today, before raising its outlook for the fiscal year. The results, which come in the wake of strong reports by Salesforce Inc. and Workday Inc. last week, further undermine those who claim software companies are in danger of disruption from artificial intelligence […] The post Snowflake knocks…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}