Snowflake Inc. (SNOW)

Snowflake topped expectations on both the top and bottom line in the second fiscal quarter of 2027, based on preliminary results reported September 2, 2026, with adjusted EPS of $0.62 topping the $0.45 estimate (+39%) and revenue of $1.547 billion topping the $1.483 billion estimate (+4.3%). Revenue rose 35.1% to roughly $1.5 billion (up from about $1.1 billion a year ago), led by Product revenue, which climbed 33.9% to about $1.3 billion, while Professional services and other revenue increased 25.1% to roughly $56.6 million. Profitability remained defined by high gross margin but operating losses, with gross profit of about $1.0 billion translating to a gross margin of 67.0%, while operating income was a loss of roughly $263.0 million for an operating margin of -17.0%. Net income was a loss of about $191.7 million (versus a loss of roughly $298.0 million a year ago), and the adjusted EPS gain of 77.1% came off $0.35 in the prior-year quarter. The company generated operating cash flow of about $91.4 million. For the next period, consensus calls for EPS of $0.53 on revenue of $1.594 billion.