Sridhar Ramaswamy, CEO of Snowflake, poses in front of the company signage outside of the New York Stock Exchange on Sept. 30, 2025.
NYSE
Snowflake shares rose 22% in extended trading on Wednesday after the data analytics software maker reported results and guidance that surpassed expectations.
Here’s how the company performed relative to LSEG consensus:
- Earnings per share: 62 cents adjusted vs. 45 cents expected
- Revenue: $1.55 billion vs. $1.48 billion expected
Snowflake’s revenue jumped 35% year over year in the fiscal second quarter, which ended on July 31, according to a statement. The company recorded a net loss of $191.7 million, or 55 cents per share, smaller than the net loss of $297.9 million, or 89 cents per share, one year ago.
The company pointed to gains from the CoCo artificial intelligence coding agent, which now has 9,100 accounts, an increase of over 2,000 during the quarter.
For the fiscal third quarter, Snowflake said it sees $1.59 billion in product revenue, above the $1.50 billion consensus among analysts polled by StreetAccount. Management pushed up its product revenue forecast for the fiscal year, calling for $6.07 billion, compared with $5.84 billion in May. It’s now forecasting a 14.5% adjusted operating margin, wider than the 13.5% figure it had projected in May.
As of Wednesday’s close, Snowflake shares were up 39%, while the S&P 500 index had gained about 12% in the same period. If the stock moves as high on Thursday as it did after hours on Wednesday, it would represent the fourth highest jump since Snowflake went public in 2020.
Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.
