Snowflake (SNOW) stock popped late Wednesday after the software maker's fourth-quarter earnings and revenue topped Wall Street targets while full-year fiscal 2026 guidance came in above expectations.
The enterprise software maker released its Snowflake earnings report after the market close.
↑ X NOW PLAYING How To Buy Stocks: IBD's Four Pillars Of InvestingOn an adjusted basis, Snowflake earnings were 30 cents per share, down 14% from a year earlier. Analysts expected Snowflake to report adjusted profit of 18 cents per share.
Revenue climbed 27% to $986.8 million, the enterprise software maker said. Analysts projected Q4 revenue of $956.9 million.
At RBC Capital, analyst Matthew Hedberg noted that Q4 revenue beat estimates by 3%, less than the 6% beat in Q3.
For fiscal 2026, Snowflake forecast product revenue growth of 24% to $4.28 billion vs. consensus estimates for 23% growth to $4.23 billion.
On the stock market today, Snowflake stock popped more than 11% to 184.87 in extended trading.
SNOW stock had advanced 10% in 2025 heading into the Snowflake earnings report after tumbling 22% last year.
Snowflake sells data analytics software that runs on cloud-computing platforms. Also, the company has evolved into a cloud data-management software provider.
Privately held Databricks is Snowflake's biggest rival.
According to IBD Stock Checkup, SNOW stock holds an IBD Composite Rating of 60 out of a best-possible 99. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating.
In addition, SNOW stock has an Accumulation/Distribution Rating of C. The rating, on an A+ to E scale, measures institutional buying and selling in a stock. A+ signifies heavy institutional buying; E means heavy selling.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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