Snowflake Soars 14.46% on AI-Driven Earnings Surge

On August 28, 2025, Snowflake's stock surged by 14.46% in pre-market trading, reflecting a significant boost in investor confidence.

Snowflake reported its second-quarter fiscal 2026 earnings on August 27, 2025, revealing a 32% year-over-year increase in product revenue, totaling $1.09 billion. This substantial growth was driven by the company's data cloud platform and the increasing adoption of AI technologies, which now account for 50% of its revenue.

The company's robust performance in Q2 2025 has led to an upward revision of its fiscal year 2026 product revenue guidance. This positive outlook, coupled with the company's aggressive hiring strategy, suggests that Snowflake is well-positioned to continue its growth trajectory despite broader economic uncertainties.