Snowflake Surges 35%+ on $1.39B Q1 Beat, $6B AWS Deal, and Raised Guidance
Snowflake posted first-quarter revenue of $1.39 billion — up 33% year-over-year — and lifted its full-year product revenue guidance to $5.84 billion, both clearing analyst expectations. The company simultaneously announced a $6 billion multi-year cloud partnership with Amazon Web Services, signaling deep enterprise commitment to its data platform. At least five Wall Street firms raised their price targets in response, with Stifel setting a $300 target.
A 35%+ single-day move in a large-cap tech name reshapes sentiment across the entire cloud and AI infrastructure sector — names like Databricks peers, cloud hyperscalers, and data analytics stocks all catch spillover attention. For investors holding broad tech ETFs or AI-themed funds, Snowflake's weight means this move contributes directly to performance. The $6B AWS deal also confirms that enterprise AI spending is accelerating, not stalling — a meaningful read-through for the sector.
Snowflake's next earnings report (Q2 FY2026, expected around August 2025). Upcoming results from cloud peers: Databricks (private, watch for funding news), MongoDB (MDB) next earnings cycle. AWS and Azure cloud growth figures in Amazon and Microsoft's next quarterly reports (expected July 2025).
- Snowflake stock surges 36% in premarket trade on AI-driven Q1 earnings beat · Investing.com
- Snowflake surges 35% after Q1 results see bullish views from analysts · Seeking Alpha
- Snowflake jumps as enterprise demand for data offerings drives forecast raise · Investing.com
- Goldman Sachs raises Snowflake stock price target on strong results · Investing.com
- Mizuho raises Snowflake stock price target on strong AI growth · Investing.com
- Raymond James raises Snowflake stock price target on AI momentum · Investing.com
- Rosenblatt raises Snowflake stock price target on strong Q1 results · Investing.com
- ETFs with high Snowflake exposure in spotlight after earnings rally · Seeking Alpha
- Snowflake stock rockets after earnings beat and $6 billion Amazon cloud deal · Quartz
- US Strikes Iran Targets; Snowflake Jumps on Results | Bloomberg Brief 5/28/2026 · Bloomberg
- Stifel raises Snowflake stock price target to $300 on AI strength · Investing.com
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