Snowflake Surges to 13th in Trading Volume with $5.196 Billion Turnover

On May 22, 2025, Snowflake (SNOW) saw a significant surge in trading volume, with a turnover of $5.196 billion, marking a 154.7% increase from the previous day. This substantial rise placed Snowflake at the 13th position in terms of trading volume for the day. The stock price of Snowflake also increased by 13.43%.

Snowflake Inc. reported its fiscal first-quarter results after the market closed on May 21, 2025. The company exceeded street expectations with adjusted earnings per share of $0.24, surpassing the consensus estimate of $0.21. Revenue grew by 26% year over year, driven by a 26% increase in product revenue and a 16% rise in professional services and other segments.

Snowflake has raised its full-year product revenue guidance to $4.33 billion, up from the previous forecast of $4.28 billion. This new projection surpasses the market consensus of $4.29 billion. For the second quarter, the company expects product revenue to range between $1.035 billion and $1.045 billion, indicating around 25% growth from the previous year and slightly ahead of analysts' expectations.

Remaining performance obligations increased by 34% to $6.7 billion, indicating strong future demand. Snowflake's platform has gained traction as enterprises invest in artificial intelligence and migrate workloads to the cloud. The company's ongoing partnerships with OpenAI and Anthropic are also attracting customers developing AI applications.