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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...

Dell Technologies (DELL) reported expectation-beating Q1 FY2027 results, thereby validating its deep partnership with Palantir Technologies (PLTR) and NVIDIA (NVDA). Palantir shares surged 10% to $158 on the partnership validation, while Snowflake (SNOW) reported Q1 revenue of $1.39B, up 34% YoY with 13,600+ accounts using its AI capabilities, sparking a broader software rally. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn't one of them. Get them here FREE. Shares of Palantir (NASDAQ:PLTR) are up 10% in Friday morning trading, changing hands near $158. The pop follows a blockbuster quarter from Dell Technologies (NYSE:DELL), reported Thursday evening, that validated a high-profile partnership the two companies unveiled earlier this month. Even with today's rally, Palantir stock is still down 12% year to date (YTD), so this looks more like a recovery leg than a clean breakout. The catalyst is unusual because it lives inside someone else's earnings report rather than Palantir's own results. A second tailwind comes from Snowflake (NYSE:SNOW). The data cloud specialist's Wednesday earnings report kicked off a broader software and AI platform rally that carried into Friday's open. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn't one of them. Get them here FREE. Dell reported Q1 FY2027 revenue of $43.84 billion, beating estimates by 23% and growing 88% year over year (YoY). Non-GAAP EPS came in at $4.86 versus a $2.96 consensus, a 64% beat. AI-optimized server revenue jumped 757% YoY to $16.13 billion. The company also booked $24.4 billion in AI orders during the quarter and raised full-year FY27 AI server revenue guidance to approximately $60 billion. DELL stock is up 29% today, trading near $409. That matters for Palantir because the two companies unveiled a deep tie-up at Dell Technologies World on May 18. Palantir's Foundry and AIP platforms are coming on-premises to the Dell AI Factory with NVIDIA (NASDAQ:NVDA), with the Ontology layer running on Dell ObjectScale and PowerFlex storage. Palantir Rubix and Apollo handle the zero-trust runtime layer, targeting sovereign, defense, and regulated workloads. Snowflake reported Q1 FY27 revenue of $1.39 billion, up 34% YoY, with non-GAAP EPS of $0.39 beating by 22%. The company raised its full-year product revenue guidance t...

June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, which the U.S. hopes will result in Iran scaling back its nuclear program for decades. “We perhaps have the makings of a deal here,” Treasury Secretary Scott Bessent said on Thursday. A deal is reportedly awaiting approval from U.S. President Donald Trump. The price of WTI crude fell over -1% on Friday. ARM Stock Is Valued for Eternity, But Silicon Has an Expiration Date Ford Stock Is Moving Like Tesla Now. Its Results Can’t Justify the Premium. S&P 500 and Nasdaq 100 Post Record Highs on US-Iran Truce Reports Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! “If a deal is agreed upon, we should see another leg higher in risky assets and lower in rates. Positioning suggests that the rates market should see a greater reaction than equities,” said Mohit Kumar at Jefferies. Sentiment was also supported by some positive corporate news. Dell Technologies (DELL) popped over +37% in pre-market trading after the hardware maker posted upbeat Q1 results and raised its full-year revenue guidance amid surging demand for servers that power AI workloads. Also, Okta (OKTA) climbed more than +7% in pre-market trading after the company reported stronger-than-expected Q1 results and boosted its annual guidance. In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Chip stocks climbed, with Arm Holdings (ARM) jumping more than +10% and Advanced Micro Devices (AMD) rising over +4%. Also, Snowflake (SNOW) popped over +36% after the data warehousing company reported strong Q1 results, raised its full-year product revenue guidance, and expanded its collaboration with Amazon Web Services. In addition, Agilent Technologies (A) surged more than +16% and was among the top percentage gainers on the S&P 500 after the company posted upbeat FQ2 results and raised its full-year guidance. On th...

MongoDB stock jumped after the database software company reported fiscal first-quarter results that easily beat analyst forecasts.

Image source: The Motley Fool. May 27, 2026, at 5 p.m. ET Chief Executive Officer — Sridhar Ramaswamy Chief Financial Officer — Brian Robins Senior Vice President, Product — Christian Kleinerman Sridhar Ramaswamy: Thank you, Katherine, and thank you all for joining us today. AI is fundamentally reshaping how work gets done, and Snowflake is at the center of the transformation. Across industries, organizations are moving toward a future bed employees and intelligent agents work side by side to accelerate decisions, automate complex workflows and unlock entirely new levels of productivity and innovation. With Snowflake, that future is already taking shape. Our platform brings together the four elements organizations need to become an agent enterprise, a unified governed data foundation, access to leading AI models, connectivity across enterprise applications and workflows and a unifying agent control plane that turns intent into governed action. That control plane is becoming real through Snowflake Intelligence and Cortex Code or CoCo, as it's affectionately known. Snowflake Intelligence gives business users a natural language interface to enterprise data context and actions, while CoCo gives builders a natural language way to create applications, pipelines, agents and workflows directly on Snowflake. Snowflake is uniquely positioned to help customers become agentic enterprises as evidenced by our Q1 results. Product revenue came in at $1.334 billion with growth accelerating to 34% year-over-year, up from 30% last quarter and 26% a year ago, marking our strongest sequential dollar growth in company history. Our net revenue retention rate increased to 126%. And with our continued focus on executing with discipline and operational rigger, our Q1 non-GAAP operating margin expanded over 300 basis points year-over-year to 12%. I want to take a moment to touch on our outlook. Based on a combination of strength in our core data platform business, a meaningful uplift from AI capabilities, including CoCo and Snowflake Intelligence, we are increasing our FY '27 outlook from 27% to 31% year-over-year growth. Brian will share more details on our guidance in his remarks. Thank you to all of our Snowflake for the hard work and dedication to deliver these results. Across our business, AI is strengthening Snowflake on multiple levels simultaneously. First, AI is accelerating...

Snowflake to purchase Amazon’s custom Arm-based Graviton chips and graphics processing units. Reports revenue of $1.39 billion in the first quarter, representing 33% year-over-year (YoY) growth. Acquires Natoma, an enterprise Model Context Protocol (MCP) platform for AI agents. Snowflake (SNOW) share price soared about 36% after-hours on Wednesday after the AI cloud firm’s Q1 earnings surged past expectations along with strong full-year guidance, while a deal with Amazon (AMZN) provided added support. The data and cloud firm announced a $6-billion multi-year infrastructure commitment to Amazon’s AWS, its largest to date, reflecting the accelerating enterprise demand for AI and data workloads running on AWS. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Snowflake was founded on AWS eleven years ago, and ever since has surpassed $7 billion in lifetime sales and exceeded $2 billion in calendar year sales in 2025, more than doubling transaction growth year-over-year. The company, in a separate release, announced the takeover of Natoma, which is an enterprise model context protocol (MCP) platform for AI agents. MCP was introduced by Anthropic and helps to securely connect AI models to data sources and tools. “Agents don’t just need access to data…they need the right context, permissions and policy guardrails to operate safely inside the enterprise,” said Sridhar Ramaswamy, CEO of Snowflake. Snowflake reported revenue of $1.39 billion in the first quarter, representing 33% YoY growth, surging past analyst expectations of $1.32 billion for the quarter ending April. Total revenues included product revenues of $1.33 billion in the first quarter, a 34% YoY jump. The firm’s earnings came in at $0.39 per share, significantly beating expectations of $0.32 per share as per data from Fiscal.ai. “AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey,’ added Ramaswamy. SNOW expects product revenue of $1.42 billion in Q2, representing 30% growth from the same quarter last year. The company also raised its full-year product revenue guidance to $5.8 billion, up from its previous guidance of $5.7 billion. Retail sentiment on Stocktwits was “extremely bullish” with “extremely high” message volumes. One user highlighted the upcoming Snowflake Su...

As of 1 p.m. ET, the S&P 500 (SNPINDEX:^GSPC) rose 0.49% to 7,557.17, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.65% to 26,847.19 on tech strength, while the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.01% to 50,641.15, lagging growth benchmarks but holding near record territory. Snowflake surged after blowout Q1 earnings and a $6 billion deal with Amazon, while Microsoft advanced on plans to deploy in-house coding AI models. In healthcare, Eli Lilly gained as CVS restored coverage for the obesity drug Zepbound, and France became the first EU country to cover weight loss drugs in certain cases. Snowflake is today’s headlining stock, rising 38% after reporting Q1 earnings after earnings yesterday. The cloud-based data platform provider grew sales by 33%, agreed to a $6 billion deal with Amazon, and now counts 813 of the Forbes Global 2000 as customers. The AI boom remains a major tailwind for the company. Elsewhere, it was a good day for many consumer-facing stocks. Dollar Tree, Best Buy, and Hormel are up 19%, 18%, and 13%, respectively, today after each stock reported earnings. I’d argue that these results are promising for the broader economy, especially after Walmart and Target's earnings last week showed that the U.S. consumer remains surprisingly resilient. The S&P 500’s biggest loser so far today is Synopsys, despite the semiconductor design company’s earnings beat and raised guidance. Investors shouldn’t panic over the company’s 9% decline today, especially considering the company has been a 9-bagger over the last decade. Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and S&P 500 Index wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,072!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,303,352!* Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 210% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individu...

Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.

Snowflake SNOW 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%.Snowflake shares have surged 34.88% in pre-market trading. 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. Snowflake Inc. price-consensus-eps-surprise-chart | Snowflake Inc. Quote 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 customers. Large-customer depth continued to improve, with 779 customers above the $1 million trailing product revenue threshold, representing 29% year-over-year growth in that cohort.Retention remained a key support for the consumption model. Net revenue retention rate was 126%, reflecting continued expansion from existing customers, even as usage patterns...

For the quarter ended April 2026, Snowflake Inc. (SNOW) reported revenue of $1.39 billion, up 33.5% over the same period last year. EPS came in at $0.39, compared to $0.24 in the year-ago quarter. The reported revenue represents a surprise of +5.23% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $0.32, the EPS surprise was +21.88%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Snowflake performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Remaining performance obligations: $9.21 billion versus the five-analyst average estimate of $9.49 billion. Customers with trailing 12-month product revenue greater than $1 million: 779 versus 758 estimated by two analysts on average. Revenue- Product revenue: $1.33 billion compared to the $1.27 billion average estimate based on 10 analysts. The reported number represents a change of +33.9% year over year. Revenue- Professional services and other revenue: $56.62 million compared to the $56.39 million average estimate based on 10 analysts. The reported number represents a change of +25.1% year over year. Non-GAAP product gross profit: $1 billion compared to the $949.26 million average estimate based on eight analysts. Non-GAAP professional services and other revenue gross profit (loss): $-4.64 million versus $1.16 million estimated by five analysts on average. GAAP product gross profit: $947.46 million versus the two-analyst average estimate of $902.91 million. GAAP professional services and other revenue gross loss: $-21 million versus $-14.64 million estimated by two analysts on average. View all Key Company Metrics for Snowflake here>>> Shares of Snowflake have returned +24.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the late...

US stock futures edged up as a wave of tech earnings boosted confidence in the AI trade. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose roughly 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) hovered just about the flatline. After the closing bell, Snowflake (SNOW), Marvell (MRVL), and HP (HP) reported strong earnings results that showcased AI driving spending on cloud, chips, and computers. Snowflake’s earnings and its announcement of a $6 billion deal with Amazon Web Services stole the after-hours show, sending its stock up more than 30%. Salesforce (CRM) earnings, meanwhile, also beat Wall Street’s expectations, but a tepid forecast stoked investor concerns about AI disrupting the software business. In day trading, stocks cautiously rose to records as investors continued to wait for an official update on US-Iran negotiations. On Thursday, Wall Street will receive the latest reading of the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index. The data will indicate whether rising prices are increasing pressure on the central bank to raise interest rates. Earnings season also continues to draw to a close Thursday, with Costco Wholesale (COST), Dell Technologies (DELL), Dollar Tree (DLTR), Best Buy (BBY), and The Gap (GAP) expected to report their results.

Earnings season is winding down, with nearly all first quarter reports in the rearview mirror. S&P 500 companies have largely reported solid results and printed profits so far, even amid ongoing risks from the Iran war. The index is on track for double-digit earnings growth. This week, market watchers will get some fresh updates from computer hardware companies, software companies, and retail companies, among others. Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), Costco Wholesale (COST), Abercrombie & Fitch (ANF), and Dell Technologies (DELL) are among the companies reporting this week.