What changed
Snowflake printed Q2 FY27 adjusted EPS of $0.62, beating consensus of $0.45 by $0.17 (+38.7%). Revenue was $1.55B, up 35% YoY. Guidance calls for Q3 FY27 revenue of $1.6B and FY27 revenue of $6.1B. Strength was driven by core data platform growth and a meaningful step-up in AI revenue.
Why it matters
Snowflake printed Q2 FY27 adjusted EPS of $0.62, beating consensus of $0.45 by $0.17 (+38.7%). Revenue was $1.55B, up 35% YoY. Guidance calls for Q3 FY27 revenue of $1.6B and FY27 revenue of $6.1B. Strength was driven by core data platform growth and a meaningful step-up in AI revenue.