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Snowflake (SNOW)
NYSE:SNOW
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 37 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -4.69%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, high net revenue retention, significant product innovation, and expanded AI capabilities. However, there were challenges, including large customers exceeding contract capacity and needing to purchase on-demand, slower projected growth for Q1 due to leap year effects, and high stock-based compensation. Overall, the sentiment is positive given the strong growth and innovation, although tempered by some challenges.Company Guidance
During Snowflake's Q4 fiscal 2025 earnings call, the company provided guidance for the first quarter and full year of fiscal 2026. Product revenue for Q1 is expected to be between $955 million and $960 million, reflecting a year-over-year growth of 21% to 22%. For the full fiscal year 2026, Snowflake anticipates product revenue of approximately $4.28 billion, representing a 24% year-over-year increase. The company also expects a non-GAAP operating margin of 5% in Q1, with FY '26 non-GAAP operating margin expanding to 8% and non-GAAP adjusted free-cash flow margin at 25%. Additionally, Snowflake forecasts its stock-based compensation as a percentage of revenue to decrease to approximately 37% from 41%, indicating an ongoing effort to improve efficiency and leverage AI for operational gains.Strong Revenue Growth
Product revenue for Q4 was $943 million, up 28% year-over-year, with remaining performance obligations totaling $6.9 billion, growing 33% year-over-year.
High Net Revenue Retention
Net revenue retention was a healthy 126%, indicating strong customer satisfaction and continued usage.
New Product Introductions
Snowflake introduced over 400 product capabilities to market, more than double the previous year, showing strong product innovation.
Positive Cash Flow and Margins
Q4 non-GAAP operating margin increased to 9%, and non-GAAP adjusted free cash flow margin was 43%.
Expansion of AI Capabilities
Introduced Cortex AI and expanded partnerships with Microsoft to incorporate OpenAI's models, making Snowflake the only platform hosting both Anthropic's and OpenAI's models.
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SNOW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $166.19 | $173.69 | +4.51% |
| Nov 20, 2024 | $129.12 | $171.35 | +32.71% |
| Aug 21, 2024 | $135.06 | $115.21 | -14.70% |
| May 22, 2024 | $163.34 | $154.58 | -5.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Snowflake (SNOW) report earnings?
Snowflake (SNOW) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Snowflake (SNOW) earnings time?
Snowflake (SNOW) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNOW EPS forecast?
SNOW EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.
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