Snowflake reported fiscal Q2 2027 revenue of $1.55 billion, clearing analyst consensus by $70 million. Non-GAAP earnings per share came in at $0.62, beating estimates by $0.17. The company also issued forward guidance above expectations, with management pointing to growing customer adoption of AI workloads on its cloud data platform as the demand driver.
Snowflake's beat signals that enterprise spending on AI data infrastructure is holding up even as broader software sector growth slows. Investors in cloud software ETFs and AI-adjacent names should note this as evidence that the data layer of the AI stack is monetizing ahead of schedule. The guidance raise matters more than the beat itself, because it tells you customers are committing to future spending, not just using existing contracts.
Snowflake next earnings report: approximately November 2025. Salesforce Q2 FY2026 results: August 27, 2025. Datadog Q2 2025 earnings: August 5, 2025.
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