Why Did Snowflake Stock Soar 14.28%? Earnings Beat Expectations

On August 28, 2025, Snowflake's stock surged by 14.28% in pre-market trading, reflecting a significant boost in investor confidence.

Snowflake's stock experienced a notable increase following the release of its second-quarter earnings report, which exceeded Wall Street's expectations. The company reported earnings and revenue that surpassed analyst estimates, driving the stock price higher.

Snowflake's strong performance was highlighted by a year-over-year revenue growth of 31.8%, with earnings per share reaching $0.24, surpassing the forecasted $0.21. This robust financial performance underscores the company's continued execution of its strategic initiatives.

Additionally, Snowflake lifted its annual product revenue forecast, further boosting investor optimism. The company's adjusted earnings of $0.38 per share also beat analysts' consensus estimate of $0.27 per share, contributing to the positive market sentiment.