Snowflake Shares Surge 13% After Strong Q4 Earnings and AI-Driven Growth Outlook

The cloud data company exceeded revenue and earnings expectations, projected robust growth for fiscal 2026, and announced its CFO's retirement.

Snowflake reported fiscal Q4 2025 earnings of $0.30 per share, beating analysts' expectations of $0.18, with total revenue rising 27% year-over-year to $986.8 million.
Product revenue reached $943.3 million, a 28% year-over-year increase and above forecasts, reflecting strong customer demand for its AI-powered data solutions.
The company projected Q1 2026 product revenue between $955 million and $960 million, representing a 21%-22% year-over-year growth, and set fiscal 2026 guidance at $4.28 billion, exceeding analyst estimates.
CEO Sridhar Ramaswamy highlighted a $6.9 billion remaining performance obligation and a 126% net revenue retention rate, underscoring customer loyalty and future growth prospects.
CFO Michael Scarpelli announced his retirement, with plans to transition into an advisory role once a successor is appointed.