Snowflake Inc. (NYSE: SNOW) announced its financial results for the first quarter of fiscal year 2026, ending April 30, 2025. The company reported revenue of $1.04 billion, a 26% increase compared to the same period last year, surpassing analysts’ expectations of $1.01 billion. Adjusted earnings per share were $0.24, exceeding the anticipated $0.21. Following the announcement, Snowflake’s stock rose by 6.9% in after-hours trading. The company also provided a positive outlook for the second quarter, forecasting product revenue between $1.035 billion and $1.04 billion, above the estimated $1.022 billion.
Key Facts: Snowflake Reports Record Q1 Revenue, Stock Rises After Earnings Beat Expectations
- Q1 revenue: $1.04 billion, up 26% year-over-year.
- Adjusted EPS: $0.24, beating the expected $0.21.
- Product revenue: $996.8 million, a 26% increase from the previous year.
- Net revenue retention rate: 124%.
- 606 customers with over $1 million in trailing 12-month product revenue.
- 754 Forbes Global 2000 customers.
- Stock rose 6.9% in after-hours trading post-earnings announcement.
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Source: Snowflake Inc. Press Release
Tags/Keywords: Snowflake, SNOW, Q1 Earnings, Revenue Growth, Stock Increase, Cloud Data, AI, Fiscal 2026