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Forbes Global 2000 Customers

Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Snowflake

Snowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Earnings data Q4 2021

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Snowflake reports robust Q1 performance, eyes AI disruption in supply chain

Snowflake's Q1 earnings call showcased strong financial performance, with a focus on AI and machine learning workloads, supply chain management, and competitive advantages. However, challenges in consumption patterns and cost scrutiny were discussed, alongside opportunities in disruptive AI technologies and long-term growth prospects.

Snowflake reports strong Q2 results, faces challenges in sales execution

Snowflake's Q2 performance was strong, but challenges exist in maintaining product revenue growth and improving sales execution. The company's focus on AI, data sharing, and new product offerings presents opportunities for future growth.

Snowflake reports robust Q3 performance and eyes AI opportunities

Snowflake's Q3 FY 2024 performance reflects strong growth in product revenue and non-GAAP adjusted free cash flow. The company's introduction of new technologies and strong customer engagement through events like the Data Cloud World Tour and the Build Developer Conference are notable. However, challenges in product gross margins and the evolving sales approach require attention. Snowflake is well-positioned to capitalize on the increasing interest in AI and the demand for advanced data solutions in large enterprises.

Snowflake reports strong Q4 growth, eyes international expansion and product innovation

Snowflake's Q4 performance reflects robust growth in product revenue, margins, and customer adoption, positioning the company well for future expansion.
While facing challenges in customer ramp-up and international performance, Snowflake's strategic strengths in partnerships, acquisitions, and financial stability provide a solid foundation for growth.
Opportunities lie in product innovation, market expansion, and operational efficiencies, signaling a positive outlook for Snowflake's continued success in the cloud data industry.
By balancing growth initiatives with cost management strategies, Snowflake aims to achieve its long-term revenue targets and enhance shareholder value through prudent investments and customer-centric focus.

Snowflake reports robust Q1 growth, eyes AI expansion and supply chain dominance

Snowflake's Q1 performance reflects strong growth in product revenue and a focus on AI-powered data solutions. Despite challenges in demand environment and consumption slowdowns, the company remains optimistic about long-term growth prospects. Snowflake's strategic acquisitions and focus on efficient growth position it well for future opportunities in AI and data management.

Snowflake reports robust Q2 growth, eyes AI strategy and partnerships

Snowflake's Q2 performance reflects strong revenue growth, customer engagement, and financial health.
Strategic strengths in AI focus, partnerships, and customer alignment position Snowflake for continued growth.
Challenges in consumption growth and sales execution optimization require attention for sustained success.
Opportunities lie in workforce expansion, data strategy enhancement, and leveraging Container Services for future growth.

Snowflake reports robust Q3 results, eyes AI opportunities and partnerships

Snowflake delivered strong Q3 performance with notable revenue growth, margin improvement, and customer acquisition, supported by innovative product introductions.
While facing challenges in legacy optimizations and NRR stabilization, Snowflake is well-positioned to leverage opportunities in AI, partnerships, and market expansion.
The company's strategic focus on sales specialization, technology advancements, and customer growth underscores its resilience and potential for sustained success.
Snowflake's market engagement, product innovation, and financial discipline position it favorably for continued growth and leadership in the cloud data platform space.

Snowflake reports robust Q4 earnings, eyes AI growth opportunities

Snowflake's Q4 FY '24 earnings call highlighted strong financial performance, innovative product offerings, and positive customer feedback, positioning the company for continued growth.
While facing challenges in consumption trends and revenue guidance, Snowflake's focus on AI initiatives and product enhancements presents opportunities for future expansion and market leadership.
With a new CEO, Sridhar Ramaswamy, at the helm and a clear long-term strategy, Snowflake aims to navigate market challenges and capitalize on its strengths to drive sustained growth and customer value.

Snowflake reports robust Q1 performance, eyes AI innovation for growth

Snowflake's Q1 performance reflects strong revenue growth and financial stability, supported by AI innovation and strategic partnerships.
Challenges include sustaining revenue growth, customer adoption of AI products, and effectively monetizing data through new features.
Opportunities in leveraging Iceberg capability, collaborations with Microsoft, and AI applications position Snowflake for continued growth and innovation.

Snowflake surpasses Q2 expectations, expands product portfolio for growth

Snowflake delivered exceptional financial results, exceeding expectations and demonstrating strong growth across key metrics. With a focus on innovation and customer satisfaction, Snowflake is well-positioned to capitalize on market opportunities and drive continued success. While facing competition and cybersecurity challenges, Snowflake's strategic initiatives and expanding product offerings bode well for future growth.

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Snowflake, Inc. engages in the provision of cloud data warehousing software. The firm offers Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from data. Its platform supports a range of use cases including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of layers across storage, compute, and cloud services. The storage layer ingests structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. The company was founded by Marcin Zukowski, Thierry Cruanes, and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

SNOW's near-term prospects suffer from stiff competition and growing GPU-related costs despite an expanding portfolio and strong partner base.

Is Snowflake Stock's 9.47X PS Still Worth it? Buy, Sell, or Hold?

Salesforce

UiPath

Snowflake operates a platform for data analysis by collating disparate sets of data, and it has a growing total addressable market. Salesforce has a cloud-based platform and is a market leader in customer relationship management (CRM) software, analytics, and applications.

3 Growth Stocks That Could Skyrocket in 2024 and Beyond

Snowflake Inc. (NYSE:SNOW ) Goldman Sachs Communacopia + Technology Conference September 12, 2024 ET Company Participants Mike Scarpelli - CFO Conference Call Participants Kash Rangan - Goldman Sachs Kash Rangan If we have such a large gathering on the last day of a four-day conference, it has to be the company. Mike Scarpelli I don't know, but I think it's you, Kash, that they all want to see.

Snowflake Inc. (SNOW) Management presents at Goldman Sachs Communacopia + Technology Conference (Transcript)

Apple

Adobe

Autodesk

Advanced Micro Devices

Buzzfeed

CrowdStrike

Alphabet

HubSpot

Microsoft

NVIDIA

Palantir Technologies

Tesla

With AI now central to tech investing, the challenge is distinguishing companies leveraging AI from those "faking it". The Rule of 40 serves as a key metric, in my view. I see AI applications falling into three main categories—Creative Work, Data Analytics & Cybersecurity, and Automation & Robotics—with a fourth "Picks & Shovels" category for hardware providers like Nvidia. Understanding these categories helps clarify AI's business impact. Furthermore, analyzing Rule of 40 scores shows that few companies are truly excelling in monetizing AI.

Let's Talk About Investing In AI

Snowflake is making expensive investments in AI. The business is still growing at an impressive rate and its valuation has never been cheaper.

Why Snowflake Stock Dropped 12% Last Month

Snowflake is working to increase its capabilities in data management for enterprises and institutions alike.

Snowflake Stock Investors: Here's What You Need to Know

C3.ai

American software and data analytics company Palantir (NYSE: PLTR)  is among the hottest stocks in the market, having witnessed an 82% rally in 2024.

Two Palantir stock rivals to turn $100 into $1000 in 2025

SoundHound AI Inc

SoundHound AI expects its growth to accelerate again. Snowflake's growth is cooling off as it faces an uncertain future.

Better AI Stock: SoundHound AI vs. Snowflake

Snowflake reported strong FY2Q25 results, raising revenue guidance for FY2025 while maintaining profitability guidance. The growth in high quality customers, two nine-figure deals achieved this quarter, and commentary about signs of a stable optimization environment point to strong execution by the go-to-market team. Management does not expect any impact from the cybersecurity incident and has taken a more proactive approach to discuss security issues with customers.

Snowflake: It Is Not The End

Investing in technology stocks offers investors some of the best opportunities for realizing long-term wealth creation.

3 Tech Stocks You Better Be Buying on Each and Every Dip

HOUSTON--(BUSINESS WIRE)--Kipi.bi, a recognized leader in advanced analytics and AI services with Snowflake, today announces its rebranding as kipi.ai. This evolution marks a significant milestone in the company's strategic journey, reflecting its broader investment in data science, generative AI, and machine learning to drive innovation and empower businesses. The rebranding to kipi.ai signals the company's enhanced focus on leveraging AI to unlock unprecedented insights and accelerate innovat.

Kipi.bi Announces Strategic Rebrand to kipi.ai: Reinforces Commitment to Data Science and Data Solutions on Snowflake AI Data Cloud

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA's Ratings Feed, a division of KBRA Analytics, offers a simple but powerful solution for portfolio management of KBRA-rated credits including compliance and reporting, portfolio analysis, investor reporting, risk management functions, back testing models, and regulatory filings. Our global ratings are available across sectors including Structured Finance, Public Finance, Financial Guaranty, Financial Institutions, Project Finance, Insurance, Sovereigns, Funds, and.

KBRA Ratings Data Feed on Snowflake Marketplace

A slowdown in cloud computing growth has pressured SNOW stock. Investors are eyeing product initiatives under a new CEO for Snowflake stock.

Snowflake Stock Rebound? New CEO, Product Initiatives Key

Super Micro Computer

The ability for artificial intelligence (AI)-driven software and systems to learn without human intervention gives this technology a seemingly limitless ceiling. Very clear headwinds are beginning to mount for Wall Street's AI darling, Nvidia.

Forget Nvidia: 2 Hypergrowth Artificial Intelligence (AI) Stocks With Up to 243% Upside, According to Select Wall Street Analysts

Snowflake reported better-than-expected results last week, but guidance was in line with the market's outlook. The stock sank sharply in the wake of that report.

Is Snowflake Stock a Buy Now?

Micron Technology

This semiconductor company's recent sell-off in shares doesn't seem justified, as AI is supercharging its growth. This cloud company is building a robust revenue pipeline, and its focus on adding AI services to its platform could unlock a huge growth opportunity.

The Recent Tech Sell-Off Made These 2 Artificial Intelligence (AI) Stocks Even Better Buys

Snowflake's stock plummeted 15% post-2Q24 earnings, breaking key support levels, yet it remains a strong rebound investment in the SaaS market. Despite high stock-based compensation expenses affecting GAAP profitability, Snowflake enjoys robust sales growth and positive operating margins. The company reported better-than-expected 2Q24 earnings, with non-GAAP profits of $0.18 per share and a solid sales forecast for the year.

Why Snowflake Is Not A Falling Knife

Snowflake's stock recently hit new 52-week lows. The departure of its CEO earlier this year and a data breach have made this an awful stock to own in 2024.

Has Snowflake's Stock Reached a Bottom?

Snowflake's Data Cloud is a revolutionary data unification and analytics platform. The company is now focusing on developing AI products, and it's spending heavily on R&D.

Here's How Much Snowflake Spent on Research and Development Last Quarter

Warren Buffett recognizes that a company's reputation a critical asset. A bungled software update from CrowdStrike led to millions of crashing PCs and global IT disruption.

These 2 Tech Stocks Could Be in the Middle of Proving Warren Buffett Right

While many stocks are back at or close to their all-time highs, some, like Snowflake Inc. NYSE: SNOW, remain a long way away. The data storage giant is one of those tech companies that IPO'd during the pandemic when rates were super low and skyrocketed immediately.

Snowflake's Risk/Reward Profile Is Too Good To Miss

The streak of negative news continued at Snowflake after the company reported somewhat softer-than-expected FY25 Q2 results. The bear thesis centered around increasing competitive threats, decreasing margins, slowing revenue growth, rich valuation, and high stock-based compensation gained significant traction recently. I believe investors became overly pessimistic towards the company, disregarding its strong growth prospects and placing too much emphasis on not well-supported threats.

Snowflake: Peak Pessimism

Snowflake has seen 30% YoY revenue growth but a 40% YTD stock decline, raising concerns about its growth and profitability. Despite beating revenue estimates, Snowflake's margins are under pressure, and buybacks mainly offset stock-based compensation dilution, limiting stock price impact. Valuation remains high at 11x next year's sales, while its path to profitability is questionable. The fair value may be at best at today's levels.

Snowflake Stock Doesn't Inspire Much Confidence

American Woodmark

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

American Woodmark Reports Downbeat Results, Joins Snowflake And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Snowflake's latest earnings report exceeded analysts' expectations. But its revenue growth is decelerating, its retention rates are slipping, and its margins are declining.

News for Snowflake Stock (SNOW)