Snowflake Stock Soars 9.7% on Strong Q1 Earnings

On May 22, 2025, Snowflake's stock surged by 9.7% in pre-market trading, reflecting strong investor confidence in the company's recent financial performance.

Snowflake Inc. reported impressive first-quarter earnings, with product revenue rising by approximately 26% to $996.8 million, surpassing estimates of 21.5% growth. The company's total revenue for the quarter reached $1.04 billion, marking a 26% increase and exceeding analyst expectations. Adjusted net income also saw a significant rise, reaching $87.3 million, or 24 cents per share.

Snowflake's strong performance was further highlighted by its earnings and revenue surprises, which were 9.09% and 3.74% respectively. The company's remaining performance obligations stood at $6.70 billion, and the number of customers with trailing 12-month product revenue exceeding $1 million reached 606, both of which were above analyst estimates.

Snowflake's robust financial results and positive outlook have driven investor optimism, contributing to the stock's pre-market surge. The company's ability to exceed earnings and revenue estimates, coupled with its strong product revenue growth, positions it favorably in the market.