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High materiality8/10

Snowflake shows growth inflection; raises full-year guidance on strong Q1

Jun 5, 2026, 9:06 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong beat across product revenue, higher guidance, and durable RPO/N RR metrics should drive short- to medium-term upside. Historically, similar beats with raised guidance have led to multiple expansion and re-rating, supported by increased analyst conviction (GS target hike, 45 buys).

AI summary

What happened, with direct paths to the underlying reporting

Snowflake posted Q1 FY2027 product revenue of $1.33B, up 34%, with total revenue of $1.39B and adjusted EPS of $0.39. The company called the quarter an inflection point and raised guidance to $5.84B in product revenue for the year, while remaining performance obligations climbed 38% to $9.21B, underscoring durable, long-term customer commitments and an improving growth trajectory.

  • Snowflake Q1 FY2027 product revenue $1.33B; up 34% YoY.
  • Adjusted EPS $0.39; revenue beat by about $69M.
  • Guidance raised: full-year product revenue $5.84B; RPO $9.21B, +38%.
  • Goldman target raised to $278; consensus $229; 45 buys.
  • NRR 126%; new customers 616; >$1M accounts 779; 46 crossed.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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