Snowflake (SNOW) reported quarterly revenue that beat analysts’ expectations and issued a strong full-year outlook, sending shares higher in extended trading Wednesday.
Snowflake shares surged more than 6% in after-hours trading. The stock was up 16% for 2025 through Wednesday’s close.
The cloud software provider posted first-quarter product revenue of $996.8 million, up 26% year-over-year and above the analyst consensus from Visible Alpha. Looking ahead, Snowflake forecast full-year product revenue of $4.33 billion, surpassing the $4.29 billion called for by Wall Street.
Total revenue for the quarter came in at $1.04 billion, a 26% jump that also topped estimates. Adjusted net income of $87.3 million, or 24 cents per share, rose from $52.2 million, or 14 cents per share, in the year-ago quarter, well ahead of projections.
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