SNOW

SNOW's $9.21 billion contracted backlog surged 38% YoY, outpacing revenue growth and signaling customers are committing to longer, larger deals. Management raised FY27 product revenue guidance to $5.84 billion, driven by 13,600+ accounts adopting AI capabilities and a $6 billion AWS deal. Shares jumped from $177 to $255 the day after Q1 earnings, while existing customers spent 26% more year over year. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today. Snowflake's title bet references an $80 billion data opportunity, but the number in the Q1 FY27 filing that actually validates the thesis is the size of the contracted backlog. That contracted figure is what long-term holders should anchor on. Snowflake (NYSE:SNOW) closed Q1 FY27 with $9.21 billion in remaining performance obligations, up 38% year over year. The company reported the figure on May 27, 2026. RPO represents contracted business Snowflake has booked with customers but has not yet recognized as revenue. This figure grew faster than the 33.48% quarterly revenue increase, which is the tell. RPO is the backlog. When this number accelerates past revenue growth, customers are signing longer, larger contracts. Product revenue for the quarter came in at $1.33 billion, up 34% year over year, which management described as the strongest sequential dollar growth in the company's history. Net revenue retention held at 126%, meaning existing customers spent 26% more than a year ago. Perhaps more important is the count of customers generating more than $1 million in trailing product revenue. This figure reached 779 this past quarter (up 29% YoY), with Snowflake adding 616 net new customers (up 38% YoY), and showcasing 13,600+ accounts are now using Snowflake AI capabilities. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today. Shares closed at $260.15 on July 2, 2026, up 18.6% year to date from a start of $219.36 on December 31, 2025. On a one-week view, SNOW rose 14.57%, moving from $227.06 on June 25, 2026 to $260.15 on July 2, 2026. On the one-year view, the stock is up 19.7% from $217.34 on July 2, 2025. Following the Q1 earnings report, shares moved from $177.4949 at filing to $255.55 one day after. The $9.21 billion backlog is th...

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Snowflake (NYSE:SNOW) and the rest of the data storage stocks fared in Q1. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 4 data storage stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 3.4% while next quarter’s revenue guidance was 4.6% above. Luckily, data storage stocks have performed well with share prices up 36.1% on average since the latest earnings results. Named after the unique architecture of its data warehouse which resembles a snowflake pattern, Snowflake (NYSE:SNOW) provides a cloud-based data platform that enables organizations to consolidate, analyze, and share data across multiple cloud providers. Snowflake reported revenues of $1.39 billion, up 33.5% year on year. This print exceeded analysts’ expectations by 5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ billings estimates. Snowflake scored the biggest analyst estimate beat and fastest revenue growth of the whole group. The company added 46 enterprise customers paying more than $1 million annually to reach a total of 779. Unsurprisingly, the stock is up 47.2% since reporting and currently trades at $257.97. Is now the time to buy Snowflake? Access our full analysis of the earnings results here, it’s free. Built for simplicity in a world of complex cloud solutions, DigitalOcean (NYSE:DOCN) provides a simplified cloud computing platform that enables developers and small businesses to quickly deploy and scale applications. DigitalOcean reported revenues of $257.9 million, up 22.4% year on year, outperforming analysts’ expectations by 3.3%. The business had a very strong quarter with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations. DigitalOcean achieved the highest guidance raise and highest full-year gu...

It has been about a month since the last earnings report for GitLab Inc. (GTLB). Shares have added about 1.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Gitlab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. GitLab delivered first-quarter fiscal 2027 non-GAAP earnings of 23 cents per share, which beat the Zacks Consensus Estimate of 20 cents by 15%.Total revenues were $264.2 million, topping the consensus mark of $254 million by 4.04%. The top line increased 23% year over year, supported by solid demand for GitLab’s DevSecOps platform. Subscriptions, self-managed and SaaS revenues (90.6% of total revenues) increased 18% year over year to $239.3 million, beating the Zacks Consensus Estimate by 3.16%. License, self-managed and other revenues (9.4% of total revenues) rose 25% year over year to $24.9 million. GitLab’s revenue growth was supported by continued strength in enterprise adoption and customer expansion metrics. Customers with more than $5,000 of ARR increased to 10,831 (up 7% year over year), while customers with more than $100,000 of ARR rose to 1,519 (up 18%). Dollar-Based Net Retention Rate was 117%. Contracted demand also improved. Total RPO grew 18% year over year to $1.1 billion, while current RPO increased 24% year over year to $724.1 million. On a non-GAAP basis, research & development expenses increased 13.1% year over year to $57.9 million. Sales and marketing expenses were up 19.2% year over year to $101.9 million. General and administrative expenses increased 11.7% year over year to $34.3 million in the reported quarter.Profitability improved year over year. GitLab reported non-GAAP operating income of $37.5 million compared with $26.1 million a year ago. The non-GAAP operating margin expanded to14.2% from 12.2%. Non-GAAP gross margin was 87.7% in the first quarter of fiscal 2027. As of April 30, 2026, cash and cash equivalents and short-term investments were $1.36 billion compared with $1.25 billion as of Jan. 31, 2026.In the reported quarter, the company generated cash flow from operations of $149.2 million compared with $45.7 million in the previous quarter.A...

It has been about a month since the last earnings report for Snowflake Inc. (SNOW). Shares have lost about 5.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Snowflake due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Snowflake Inc. before we dive into how investors and analysts have reacted as of late. Snowflake reported first-quarter fiscal 2027 non-GAAP earnings of 39 cents per share, which beat the Zacks Consensus Estimate by 21.88%. The company reported earnings of 24 cents per share in the year-ago quarter.Revenues were $1.39 billion, up 33% year over year and beat the Zacks Consensus Estimate by 5.23%. SNOW’s fiscal first quarter was driven by consumption across its core platform, with product revenue representing the majority of results. Product revenues totaled $1.33 billion, which accounted for 96% of total revenues. Professional Services and other revenues were $56.6 million, which contributed 4% of total revenues, representing a 25.1% year-over-year increase.Geographically, results remained concentrated in the Americas, which represented 78% of revenue, with EMEA and APJ contributing 16% and 6%, respectively. The steady regional mix suggests Snowflake is scaling internationally without materially changing its revenue concentration. Snowflake framed the quarter as an inflection point in its AI roadmap, citing accelerating adoption of first-party AI products alongside core platform demand. Management pointed to strong sequential product revenue dollar growth and emphasized the role of offerings such as Cortex Code and Snowflake Intelligence in broadening usage across the installed base.The company also underscored ecosystem moves aimed at extending distribution and deepening enterprise relevance. It expanded collaboration with AWS through a new $6 billion multi-year agreement, highlighted ongoing work with OpenAI, and noted that capabilities from its SAP partnership reached general availability. Snowflake also signed a definitive agreement to acquire Natoma in May 2026 to strengthen secure connections for AI agents across tools and workflows. SNOW ended the quarter with 13,912 total customers and added 616 net new customers, including 13 new Forbes Global 2000 custo...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management has concluded a comprehensive strategic review and entered advanced negotiations for a potential transaction to maximize shareholder value. The enterprise AI conversation has shifted from experimentation to practical deployment, making governed data infrastructure more critical than ever to ensure trustworthy outputs. Domo is pivoting from providing proof-of-concepts to 'operationalizing AI' through forward-deployed engineering teams that build production-ready agents in 24 to 48 hours. Strategic partnerships with Snowflake, Google Cloud, and Databricks are increasingly complementary, with Domo serving as the application and action layer on top of modern data warehouses. The company is seeing deep platform adoption in high-stakes environments, such as real-time fan experience monitoring for major live sporting events and automated compliance for pharmaceutical marketing. Management attributes improving retention metrics to the successful transition toward consumption-based pricing and multi-year contract structures. The board aims to announce a final strategic transaction in the near term following a deliberate and well-informed review process. Management expects the cohort of customers on consumption-based pricing to remain a compounding tailwind for both gross and net retention as they become a larger percentage of the base. The company anticipates significant operational efficiencies for customers through AI agents, citing one healthcare agency's expectation to reduce review costs by approximately 80%. Domo is prioritizing the deployment of AI applications that compress business planning cycles from days to minutes to drive long-term expansion opportunities. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Domo failed to meet the minimum ARR covenant under its existing debt facility for Q1, resulting in the debt being reclassified as a current liability. The company entered into a signed forbearance agreement with its lender, who has agreed not to accelerate repayment while Domo pursues its strategic transaction. Subscription revenue decreased 2% year-over-year, which management attributed primarily to variability in overage-related revenue...

Snowflake (SNOW) is a stock investors should pay attention to right now. After years of promise, the company's artificial intelligence (AI) strategy has finally hit an inflection point. Product revenue grew 34% year-over-year (YOY) to $1.33 billion in the first quarter of fiscal 2027, beating the consensus estimate of $1.32 billion, while adjusted EPS came in at $0.39 against Wall Street's estimate of $0.32. The tech stock surged more than 40% between May 28 and June 1. Currently, Snowflake has a market capitalization of $83.4 billion. The ongoing rally in SNOW stock is a sign that Snowflake is becoming a compounding AI story, creating a rare window for long-term investors. Honeywell Stock Is Likely to Reward Shareholders Following Quantinuum IPO, Split Nasdaq Futures Plunge as Broadcom Sinks on Disappointing AI Chip Sales Forecast Michael Burry Takes Aim at Palantir Stock Again, But He’s Missing the Bigger Picture Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Two products are driving the inflection: Snowflake Intelligence and Cortex Code, known internally as "CoCo." Snowflake Intelligence gives business users a natural language way to query and analyze enterprise data, while CoCo is a general-purpose coding agent built specifically for data and AI workflows. CoCo launched in February 2026, and more than 7,100 customer accounts adopted the product by the end of fiscal Q1. Notably, accounts using Snowflake Intelligence more than doubled quarter-over-quarter as well. "AI is compounding Snowflake's advantage in data," said CEO Sridhar Ramaswamy on the earnings call. Customers using CoCo are building pipelines, migrating legacy workloads, and deploying AI agents at dramatically faster speeds. One partner, Infinite Lambda, used CoCo to build a full Customer 360 application in just five hours before a major pitch. CFO Brian Robins added on the call that CoCo delivered a "step function change" in AI revenue potential and represented the largest single driver to the company's upward guidance revision. According to reports, Snowflake's partnership with Amazon (AMZN) has also expanded significantly. Specifically, Snowflake has signed a new five-year, $6 billion agreement with AWS. Under the new arrangement, Snowflake will expand its use of Amazon's Graviton chips along with cloud-based GPUs for AI workloads....

Broadcom (AVGO) stock sinks further in Thursday trading despite topping estimates for fiscal second quarter earnings and revenue, while also outpacing forecasts on third quarter guidance. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma in assessing Broadcom's post-earnings stock reaction compared to other AI players.

Palantir stock rose Monday, eyeing an early buy point, as software names again rallied, boosted by financial results at Snowflake and Dell.

Snowflake Inc. (NYSE:SNOW) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. Cramer discussed the company’s upcoming analyst day, as he commented: Stock market data. Photo by Burak The Weekender on Pexels Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges. Cramer made positive comments about the company’s earnings during the May 27 episode, as he stated: While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Snowflake (SNOW) has moved into the spotlight after a strong quarterly report, higher full year product revenue guidance, and a new US$6 billion, five year AI focused collaboration with Amazon Web Services. See our latest analysis for Snowflake. The share price reaction has been sharp, with a 1-day share price return of 6.84% and a 7-day share price return of 48.40% around the earnings beat, guidance raise, and US$6 billion AWS AI agreement. That short term momentum sits against a 1-year total shareholder return of 24.25% and a 3-year total shareholder return of 45.85%, suggesting recent enthusiasm is building on a longer period of positive, but more measured, investor gains. If Snowflake's AI focus has your attention, it can be useful to see what else is moving in the space, including 31 AI small caps. With the stock up 81.24% over 30 days and trading around US$255.55, yet still sitting below an average analyst price target near US$280, you now face a key question: is there still value here, or is the AI growth story already fully priced in? Snowflake last closed at $255.55, while the most followed narrative on Simply Wall St, according to Brogers, puts fair value closer to $78.83 using a discounted cash flow framework. Read the complete narrative. Want to see what is behind that steep discount to fair value? The narrative leans on strong revenue momentum, future margins, and a premium future earnings multiple. The exact mix of those inputs may surprise you. Result: Fair Value of $78.83 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you still need to watch for two pressure points: high ongoing losses relative to US$5.0b revenue, and intense competition from Databricks in cloud data warehousing. Find out about the key risks to this Snowflake narrative. With sentiment clearly split between risk and reward, this is a moment to move quickly, review the underlying data, and shape your own view using the 1 key reward and 2 important warning signs. If Snowflake is on your radar, do not stop there. Use the same data driven approach to spot other stocks that might fit your style. Target dependable cash generators by scanning for companies with strong income streams and ro...

Sridhar Ramaswamy sees the major software players beginning to sort the AI winners from the losers. As of now, Snowflake, the cloud storage company where Ramaswamy is chief executive, is on the upside. Ramaswamy just delivered a blowout first quarter for Snowflake, which this week reported a beat across the board. The results helped vault its shares up 36% and extended five-day gains past 50%. Shares also surged after the 14-year-old company said it would pay Amazon $6 billion during the next five years for the tech giant’s popular Graviton chips, reflecting strong demand Snowflake is seeing for its services. The positive results were much needed for Snowflake following a stock slump that has decimated many software-as-a-service businesses due to investor fears about AI replacing traditional software vendors. Snowflake is among a pack of companies anchoring themselves after launching major AI initiatives that incorporate agentic technology with the data the company handles. The strong Q1 results (revenue grew 33% year-over-year, the fastest pace in two years) validated the consumption-based pricing model the company has long had, Ramaswamy said, and showed that traditional software can transition to AI compute. “It’s important to understand that all software companies are not the same,” Ramaswamy told Fortune on Friday, days before Snowflake is set to host its tech summit in San Francisco. The difference for Snowflake, Ramaswamy said, is that it has priced its products by consumption from the getgo. “We recognize revenue only when a customer actually uses Snowflake’s capabilities,” he said. “We have to show value to make money.” Software pricing is among the top issues vendors like Snowflake have had to figure out since the advent of agentic AI, which has put pressure on the the industry’s traditional enterprise seat-based pricing model. Ramaswamy predicted that companies reliant on seat-based income will scramble to justify their premiums as employees use AI to accomplish an immense amount of work. Ramaswamy became Snowflake’s chief executive in 2024, as the AI boom was taking off. Snowflake’s bet has been that the foundational “infrastructure layer” that supports and runs its user-facing products, along with its consumption model, places the company well for the long run. About two-and-a-half years ago, Snowflake began a broad effort to put AI into its pla...

ServiceNow (NOW) stock is rising 14% to $124 as capital rotates into beaten-down enterprise software following Dell Technologies (DELL) posting Q1 FY2027 revenue of $43.84B (up 88% YoY) with AI-optimized server revenue jumping 757% to $16.13B. Snowflake (SNOW) has reported Q1 revenue of $1.39B (up 34% YoY) and raised its full-year guidance, while Wipro (WIT) has expanded its AI partnership with ServiceNow (NOW) for agentic workflows. Dell’s blowout earnings validated the enterprise AI infrastructure thesis that ServiceNow is positioned to capture through its workflow and governance layer, triggering broad repricing across the software stack as the “SaaSpocalypse” narrative retreats. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today. Shares of ServiceNow (NYSE:NOW) are up 14% in Friday trading, changing hands at roughly $124 after closing Thursday at $108.73. The pop comes as capital rotates back into beaten-down enterprise software names following a blowout quarter from Dell Technologies (NYSE:DELL). The move is striking given the setup. ServiceNow stock still sits 47% below its one-year high, so this is a bounce off of a deeply oversold tape. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today. The broader software complex is participating. Snowflake (NYSE:SNOW), Wipro (NYSE:WIT), and C3.ai (NYSE:AI) shares are all in motion as investors reprice the AI workflow layer. Dell Technologies reported Q1 FY2027 results after Thursday's close, posting revenue of $43.84 billion, up 88% year over year (YoY) against a consensus near $35.77 billion. Non-GAAP EPS of $4.86 crushed the $2.96 estimate by 64%. The headline figure was AI-optimized server revenue of $16.13 billion, up 757% YoY, with $24.4 billion in AI orders booked during Q1. Dell Technologies also raised its full-year FY27 revenue guidance to $165 billion to $169 billion and lifted its full-year AI server outlook to roughly $60 billion. Those numbers validate the enterprise AI buildout that ServiceNow is leveraged to. ServiceNow sits as the workflow and governance layer on top of that infrastructure spend, and the read-through is direct. Dell stock is up 29% in Friday's session. The rotation started earlier in th...