{
  "id": 5285734,
  "title": "Snowflake leaps 23% on earnings beat and raised guidance",
  "url": "https://urgent.news/2026/09/03/snowflake-leaps-23-on-earnings-beat-and-raised-guidance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T08:32:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/snowflake-soars-20-on-earnings-beat-and-raised-guidance-4886712"
  },
  "original_language": "en",
  "account": null,
  "summary": "Snowflake Inc (NYSE:SNOW) has reported a strong second quarter of earnings, surpassing analyst expectations with adjusted earnings per share of $0.62, up from the consensus estimate of $0.45. The company's revenue reached $1.55 billion, marking a 35% year-over-year growth and representing a 37% increase in product revenue. CEO Sridhar Ramaswamy highlighted the accelerating growth driven by AI products, with product revenue up 37% year-over-year and AI continuing to compound the company's advantages. For the third quarter of fiscal 2027, Snowflake expects product revenue to reach $1.588 billion to $1.593 billion, representing 37% to 38% year-over-year growth, and has raised its full-year fiscal 2027 product revenue guidance to $6.07 billion, representing 36% YoY growth. The company's growth is becoming broad-based across its customer base, with no meaningful concentration in any one sector or in AI-native companies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SiliconANGLE",
        "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",
        "published": "2026-09-03T01:25:26.000Z"
      }
    ]
  },
  "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."
}