Cloud data software company Snowflake reported fiscal second-quarter 2026 results above analyst estimates on September 3 and raised full-year revenue guidance, with CEO Sridhar Ramaswamy attributing roughly half of the company's accelerating product revenue growth to artificial intelligence.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Snowflake shares rallied after the cloud data software company reported fiscal second-quarter results above Wall Street estimates and raised revenue guidance for both the current quarter and the full fiscal year [businessinsider.com#1][google.com#1]. Business Insider reported that the stock rose as much as 26% on Thursday before closing up 17% at $356.56, leaving the shares up 62% year to date [bu
Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company’s outperformance. He discusses the rapid adoption of Snowflake’s AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driv