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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Snowflake

Snowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Earnings data Q1 2022

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Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q1 2025

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Earnings data Q4 2025

Snowflake reports robust Q1 performance, eyes AI disruption in supply chain

Snowflake's Q1 earnings call showcased strong financial performance, with a focus on AI and machine learning workloads, supply chain management, and competitive advantages. However, challenges in consumption patterns and cost scrutiny were discussed, alongside opportunities in disruptive AI technologies and long-term growth prospects.

Snowflake reports strong Q2 results, faces challenges in sales execution

Snowflake's Q2 performance was strong, but challenges exist in maintaining product revenue growth and improving sales execution. The company's focus on AI, data sharing, and new product offerings presents opportunities for future growth.

Snowflake reports robust Q3 performance and eyes AI opportunities

Snowflake's Q3 FY 2024 performance reflects strong growth in product revenue and non-GAAP adjusted free cash flow. The company's introduction of new technologies and strong customer engagement through events like the Data Cloud World Tour and the Build Developer Conference are notable. However, challenges in product gross margins and the evolving sales approach require attention. Snowflake is well-positioned to capitalize on the increasing interest in AI and the demand for advanced data solutions in large enterprises.

Snowflake reports strong Q4 growth, eyes international expansion and product innovation

Snowflake's Q4 performance reflects robust growth in product revenue, margins, and customer adoption, positioning the company well for future expansion.
While facing challenges in customer ramp-up and international performance, Snowflake's strategic strengths in partnerships, acquisitions, and financial stability provide a solid foundation for growth.
Opportunities lie in product innovation, market expansion, and operational efficiencies, signaling a positive outlook for Snowflake's continued success in the cloud data industry.
By balancing growth initiatives with cost management strategies, Snowflake aims to achieve its long-term revenue targets and enhance shareholder value through prudent investments and customer-centric focus.

Snowflake reports robust Q1 growth, eyes AI expansion and supply chain dominance

Snowflake's Q1 performance reflects strong growth in product revenue and a focus on AI-powered data solutions. Despite challenges in demand environment and consumption slowdowns, the company remains optimistic about long-term growth prospects. Snowflake's strategic acquisitions and focus on efficient growth position it well for future opportunities in AI and data management.

Snowflake reports robust Q2 growth, eyes AI strategy and partnerships

Snowflake's Q2 performance reflects strong revenue growth, customer engagement, and financial health.
Strategic strengths in AI focus, partnerships, and customer alignment position Snowflake for continued growth.
Challenges in consumption growth and sales execution optimization require attention for sustained success.
Opportunities lie in workforce expansion, data strategy enhancement, and leveraging Container Services for future growth.

Snowflake reports robust Q3 results, eyes AI opportunities and partnerships

Snowflake delivered strong Q3 performance with notable revenue growth, margin improvement, and customer acquisition, supported by innovative product introductions.
While facing challenges in legacy optimizations and NRR stabilization, Snowflake is well-positioned to leverage opportunities in AI, partnerships, and market expansion.
The company's strategic focus on sales specialization, technology advancements, and customer growth underscores its resilience and potential for sustained success.
Snowflake's market engagement, product innovation, and financial discipline position it favorably for continued growth and leadership in the cloud data platform space.

Snowflake reports robust Q4 earnings, eyes AI growth opportunities

Snowflake's Q4 FY '24 earnings call highlighted strong financial performance, innovative product offerings, and positive customer feedback, positioning the company for continued growth.
While facing challenges in consumption trends and revenue guidance, Snowflake's focus on AI initiatives and product enhancements presents opportunities for future expansion and market leadership.
With a new CEO, Sridhar Ramaswamy, at the helm and a clear long-term strategy, Snowflake aims to navigate market challenges and capitalize on its strengths to drive sustained growth and customer value.

Snowflake reports robust Q1 performance, eyes AI innovation for growth

Snowflake's Q1 performance reflects strong revenue growth and financial stability, supported by AI innovation and strategic partnerships.
Challenges include sustaining revenue growth, customer adoption of AI products, and effectively monetizing data through new features.
Opportunities in leveraging Iceberg capability, collaborations with Microsoft, and AI applications position Snowflake for continued growth and innovation.

Snowflake surpasses Q2 expectations, expands product portfolio for growth

Snowflake delivered exceptional financial results, exceeding expectations and demonstrating strong growth across key metrics. With a focus on innovation and customer satisfaction, Snowflake is well-positioned to capitalize on market opportunities and drive continued success. While facing competition and cybersecurity challenges, Snowflake's strategic initiatives and expanding product offerings bode well for future growth.

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Snowflake, Inc. engages in the provision of cloud data warehousing software. The firm offers Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from data. Its platform supports a range of use cases including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of layers across storage, compute, and cloud services. The storage layer ingests structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. The company was founded by Marcin Zukowski, Thierry Cruanes, and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Snowflake Inc. (NYSE:SNOW ) Q1 2025 Earnings Call Transcript May 22, 2024 5:00 PM ET Company Participants Jimmy Sexton - Head of IR Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Christian Kleinerman - EVP of Product Conference Call Participants Keith Weiss - Morgan Stanley Mark Murphy - JPMorgan Kirk Materne - Evercore Karl Keirstead - UBS Raimo Lenschow - Barclays Brent Thill - Jefferies Matt Hedberg - RBC Brent Bracelin - Piper Sandler Tyler Radke - Citi Alex Zukin - Wolfe Research Operator Hello, everyone. Thank you for attending today's Q1 Fiscal Year 2025 Snowflake Earnings Call.

Snowflake Inc. (SNOW) Q1 2025 Earnings Call Transcript

The move to acquire TruEra is expected to support Snowflake's mission to deliver end-to-end capabilities for building AI apps with data cloud.

Snowflake acquires TruEra to deliver LLM observability inside data cloud

Snowflake Inc. (SNOW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.15 per share a year ago.

Snowflake Inc. (SNOW) Misses Q1 Earnings Estimates

Snowflake stock jumped on its Q1 report: Earnings came in below analyst expectations but sales and outlook exceeded consensus.

Snowflake Stock Jumps On Better-Than-Expected Revenue, Sales Guidance

Snowflake forecast second-quarter product revenue above Wall Street estimates and raised its expectations for the year on Wednesday on strong demand for its cloud-based services, amid a surge in use of generative artificial intelligence.

Snowflake sees second-quarter product revenue above estimates

In its first quarterly report since announcing the surprise departure of its chief executive, Snowflake Inc. upped its full-year forecast, to the delight of Wall Street.

Snowflake boosts its forecast, and its stock is cruising higher

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)---- $SNOW #TheAIDataCloud--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its first quarter of fiscal 2025, ended April 30, 2024. Revenue for the quarter was $828.7 million, representing 33% year-over-year growth. Product revenue for the quarter was $789.6 million, representing 34% year-over-year growth. Net revenue retention rate was 128% as of April 30, 2024. The company now has 485 customers with trailing 12-month product revenu.

Snowflake Reports Financial Results for the First Quarter of Fiscal 2025

When Snowflake reports Q1 earnings, analysts expect new chief executive Sridhar Ramaswamy to tout his plans to make artificial intelligence products a bigger part of company strategy.

Snowflake Earnings Watch: Will New CEO Build AI Product Momentum?

Snowflake's products play a vital role in artificial intelligence. The market didn't like the CEO transition and FY 2025 guidance.

1 Artificial Intelligence (AI) Stock, Down 30% From Its Highs, to Scoop Up Now

Snowflake went public in 2020 with high expectations. The company's valuation multiples have reset lower since its IPO.

If You'd Invested $700 in Snowflake Stock the Day of Its IPO, Here's How Much You'd Have Today

Snowflake Inc   (NYSE:SNOW) stock received a price-target cut from RBC Securities to $220 from $246 ahead of its first-quarter earnings report, which is due out after the close on Wednesday, May 22.

Snowflake Stock Higher Despite Pre-Earnings Bear Note

Snowflake's (SNOW) first-quarter fiscal 2024 results are likely to reflect gains from an increasing clientele and an expanding partner base.

Should You Buy Snowflake (SNOW) Stock Ahead of Q1 Earnings?

The consensus price target hints at a 27.4% upside potential for Snowflake (SNOW). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Snowflake (SNOW) Could Rally 27.37%: Here's is How to Trade

Norfolk Southern

We think Norfolk Southern stock (NYSE: NSC) and Snowflake stock (NYSE: SNOW) will offer similar returns in the next three years. Although these companies are from different sectors, they share similar market capitalizations of $50-55 billion.

Which Is A Better Pick – Norfolk Southern Or Snowflake Stock?

Besides Wall Street's top -and-bottom-line estimates for Snowflake (SNOW), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.

Gear Up for Snowflake (SNOW) Q1 Earnings: Wall Street Estimates for Key Metrics

SANTA CLARA, Calif. and PUNE, India , May 16, 2024 /PRNewswire/ -- Persistent Systems  (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced that it achieved Premier Services Partner status with Snowflake , the Data Cloud company.

Persistent Achieves Premier Services Partner Status with Snowflake, Boosting Data Management and Analytics Capabilities

The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.

Snowflake invests in Metaplane to solve data quality issues plaguing AI development

Bank of America maintained a neutral (hold) rating on the shares and lowered the price target to $200. Page view data from Similarweb paints an uncertain picture regarding demand.

Is Snowflake Stock Going to $200? 1 Wall Street Analyst Thinks So.

Apple

Snowflake's focus on data could set it up for a growth surge as both AI and its data use become more prominent. Snowflake has 461 customers who spend at least $1 million annually with the company.

2 Top Buffett Stocks to Buy and Hold for the Long Haul

Adobe

ServiceNow

We live in a fast-paced modern world, and cloud computing and AI have become vital for every business in any sector. The use and demand for both innovations continue to grow, and investors holding cloud computing stocks have also been enjoying their gains.

3 Top Cloud Computing Stocks to Invest In Before It's Too Late

SAN FRANCISCO--(BUSINESS WIRE)-- #DataAnalytics--PurpleCube AI, a unified data orchestration platform, has partnered with Snowflake, the Data Cloud company, to drive data-driven innovation at unprecedented speed and scale by embedding the power of Generative AI directly into the data engineering process. This approach enables joint customers to unify all data engineering functions on a single platform, automate complex data pipelines, and activate valuable insights efficiently and accurately. The combined exper.

PurpleCube AI partners with Snowflake to Revolutionize Data Engineering with Next-Generation AI and Machine Learning

Snowflake Inc. (SNOW) closed at $160.95 in the latest trading session, marking a +0.73% move from the prior day.

Why Snowflake Inc. (SNOW) Outpaced the Stock Market Today

Amazon

Microsoft

The stock market rebounded last week, igniting hopes of a sustained rally. However, in contrast to the previous AI-powered rally, the spotlight is now on recession-proof stocks.

Wall Street Favorites: 3 Cloud Computing Stocks With Strong Buy Ratings for May 2024

Snowflake investors endured a steep bear market decline from the stock's February highs. Snowflake's fiscal first quarter earnings release is viewed with caution, given the withdrawal of its long-term outlook. Given its potentially more robust AI capabilities, Databricks is confident it will gain market share against Snowflake.

Snowflake: Growth Is Hardly Cheap, Especially With AI Stocks (Rating Upgrade)

Coca-Cola

Visa

The market may be experiencing a shift from growth to value. If so, investors may be considering some Warren Buffett stocks.

News for Snowflake Stock (SNOW)