Snowflake (SNOW) Q2 earnings report 2027
Snowflake shares surged 22% after the company reported second-quarter results that exceeded analyst expectations. The data analytics firm also raised its full-year revenue forecast, citing strong adoption of its AI coding agent, CoCo.
Why it matters
Strong performance from data infrastructure companies serves as a key indicator of the broader market's investment in AI-driven software tools.
Snowflake shares rose 22% in extended trading on Wednesday after the data analytics software maker reported results and guidance that surpassed expectations.
Here's how the company performed relative to LSEG consensus:
Snowflake's revenue jumped 35% year over year in the fiscal second quarter, which ended on July 31, according to a statement . The company recorded a net loss of $191.7 million, or 55 cents per share, smaller than the net loss of $297.9 million, or 89 cents per share, one year ago.
The company pointed to gains from the CoCo artificial intelligence coding agent, which now has 9,100 accounts, an increase of over 2,000 during the quarter.
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