Snowflake Inc.

Snowflake raised its fiscal 2027 product revenue guidance to $6.07 billion, implying 36% year-over-year growth, up from its previous outlook of $5.84 billion and 31% growth. In the fiscal second quarter 2026, product revenues rose 37% to $1.49 billion and accounted for 96% of total revenues. Management said AI products contributed roughly half of the recent acceleration, with CoCo surpassing 9,100 accounts after adding more than 2,000 in the quarter and CoWork expanding to 5,800 accounts, up nearly 11% sequentially. The company ended the second quarter of fiscal 2027 with 14,554 total customers, up 32% year over year, including 828 customers generating more than $1 million in trailing 12-month product revenues, up 27%, and 65 customers above $10 million. Fiscal third-quarter product revenues are expected between $1.588 billion and $1.593 billion, indicating 37-38% growth, while the Zacks Consensus Estimate for fiscal 2027 earnings stands at $2.19 per share, up 11.16% over the past 30 days.

Snowflake Inc. is drawing heightened investor attention after Zacks Investment Research highlighted sharply rising earnings estimates for the data-warehousing company. For the current quarter, Snowflake is expected to post earnings of $0.60 per share, a change of +71.4% from the year-ago quarter, while the Zacks Consensus Estimate has moved +17.5% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $2.19 points to a change of +75.2% from the prior year, and for the next fiscal year the consensus estimate of $2.84 indicates a change of +29.6%. On revenue, the consensus sales estimate for the current quarter of $1.64 billion indicates a year-over-year change of +35.5%, with current and next fiscal year estimates of $6.29 billion and $8 billion pointing to changes of +34.2% and +27.3%, respectively. In its last reported quarter, Snowflake posted revenues of $1.55 billion, a year-over-year change of +35.1%, and EPS of $0.62 versus $0.35 a year ago, beating the Zacks Consensus revenue estimate of $1.47 billion by +4.91% and the EPS estimate by +37.78%. Citing the size of the recent change in the consensus estimate along with three other earnings-related factors, Zacks rates Snowflake Zacks Rank #2 (Buy), though the stock carries a Zacks Value Style Score of F, indicating it trades at a premium to its peers.

Snowflake reported second-quarter fiscal 2027 results showing higher sales of US$1,546.79 million and a reduced net loss of US$191.72 million, while also completing a US$3,697.59 million share repurchase program that retired 25,378,000 shares. Management attributed the stronger performance to growing adoption of its AI offerings, including CoCo and CoWork, and raised full-year fiscal 2027 product revenue and operating margin guidance, signaling increased confidence in demand for AI-driven workloads. The company's narrative projects $11.7 billion revenue and $172.1 million earnings by 2029, requiring 29.1% yearly revenue growth and about a $1.3 billion earnings increase from -$1.1 billion today. The most optimistic analysts had already assumed revenue could reach about US$11.8 billion by 2029, so the acceleration in AI workloads could either support that upside case or expose how dependent the story is on aggressive assumptions. Sayari's decision to rebuild its Commercial World Model on Snowflake using CoCo was cited as a concrete example of how AI workloads can deepen usage on the platform.

Snowflake raised its fiscal 2027 product revenue target to $6.07 billion from $5.84 billion after second-quarter product revenue rose 37% to $1.49 billion, with CEO Sridhar Ramaswamy saying AI products drove roughly half of that growth acceleration. UBS analyst Karl Keirstead said the figures, alongside rapid growth at Palantir and Databricks, offered compelling proof of robust enterprise AI adoption. The beat lifted enterprise software broadly, with ServiceNow, Atlassian, Adobe, Intuit and Salesforce all up 3.5% to 6% the next day and the iShares Expanded Tech-Software ETF up 3%. Salesforce's own move came a week earlier, when its second-quarter fiscal 2027 results showed revenue of $11.35 billion, up 11% year over year, current remaining performance obligations up 14% to $33.5 billion and adjusted EPS of $5.90 against a $3.27 consensus, though $2.61 billion in net gains on strategic investments added $2.53 per share to non-GAAP EPS. Salesforce also announced Claudeforce with Anthropic, a partnership that initially brings Salesforce data, workflows and business logic into Claude through a plugin with 37 prebuilt sales skills, with further integrations planned across Claude, Salesforce and Slack.

Artificial intelligence (AI) technology has begun to generate real applications and revenue at the enterprise level, creating a chain of positive impacts from software and cloud to semiconductors. Yuanta Securities noted that AI adoption is transforming software costs into cloud revenue, with companies like Snowflake, Salesforce, and ServiceNow benefiting from AI agents, while NVIDIA is expanding its moat by controlling the source through Hugging Face. However, SEMICON Taiwan 2026 highlighted bottlenecks, such as TSMC's demand for chip-making equipment nearly doubling in six months, and memory issues that forced Google to reuse DDR4. The Asian supply chain is fully benefiting, with South Korea's semiconductor exports surging 209% year-over-year. Earnings from Dell, Broadcom, Snowflake, Credo, and Palo Alto Networks reflect strong demand, such as Dell's record-high AI server orders at $60.9 billion and Broadcom's AI revenue growing 221%.

Snowflake Inc. reported fiscal second-quarter product revenue of $1.49 billion, up 37% year over year, and total revenue of $1.55 billion, up 35%, sending shares up 17%. Adjusted earnings of $0.62 per share beat the $0.45 consensus estimate, marking the third consecutive quarter of accelerating product-revenue growth. CEO Sridhar Ramaswamy attributed about half of the acceleration to AI, with the CoCo coding assistant now used by over 9,100 accounts. Net revenue retention stood at 126%, and remaining performance obligations reached $9 billion, while the number of clients spending over $1 million annually rose to 828. Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion, implying about 36% growth. However, the stock trades at roughly 152 times consensus fiscal 2027 adjusted earnings, and even based on fiscal 2030 estimates of $5.86 per share, it is about 58 times earnings nearly four years out, leaving little room for disappointment.

Snowflake and C3.ai both reported earnings after the September 2 close, but Snowflake's stock jumped 16.6% the next day while C3.ai gained only about 3.6%, highlighting a stark contrast in AI demand. Snowflake's fiscal second-quarter product revenue reached $1.49 billion, up 37%, with remaining performance obligations rising 30% to $9.0 billion and net revenue retention at 126%. The company also reported over 9,100 accounts using its CoCo coding agent and 5,800 using its CoWork enterprise agent, indicating AI is expanding consumption on its data platform. In contrast, C3.ai reported $52.4 million in revenue, positive free cash flow of $2.1 million, and a non-GAAP operating loss of $36.2 million, which improved 33% sequentially, but revenue still fell roughly 25% year over year. C3.ai's bookings rose 73% from the prior quarter, yet its short interest stood at 42.14% of float as of August 14, reflecting a structural bearish overhang. Snowflake's AI adoption is already scaling its consumption engine, while C3.ai must restore revenue growth and sustain margins to gain similar confidence.

Snowflake has introduced CoCo, a coding assistant designed to help enterprises work with data and AI inside its platform, as part of a broader effort to move beyond core data warehousing into a more complete enterprise data and AI offering. The company highlighted clients such as Sayari that are rebuilding on Snowflake's AI Data Cloud to support AI-ready workloads, and management framed these moves as redefining enterprise software around data-driven AI user experiences. Snowflake also cited new partner milestones with Optimove, Varonis, and CrowdStrike as concrete examples of the AI Data Cloud being used for complex, data-heavy applications. The company's fiscal 2027 product revenue guidance stands at US$6,070 million, with third-quarter 2027 guidance of US$1,588 million to US$1,593 million, and investors are watching whether expanding AI use cases feed through to the top line. Snowflake has a market cap of $118.8 billion.

Snowflake Inc. reported a 37% year-over-year increase in Q2 2027 product revenue to $1.49 billion, marking its third consecutive quarter of growth acceleration, and raised its full-year product revenue growth guidance to 36% from 31%. The company's AI offerings, CoCo and CoWork, now serve over 9,100 and 5,800 accounts respectively, with CoCo adding more than 2,000 accounts in the quarter. Snowflake also added 692 net new customers, a 32% increase, and saw its net revenue retention reach 126%, with remaining performance obligations totaling $9 billion, up 30% year over year. Jefferies analyst Brent Thill raised the price target to $430 from $385, citing rapid AI adoption and potential for further re-rating. The company expects FY 2027 product revenue to reach $6.07 billion, with AI contributing about half of the growth acceleration, and raised its non-GAAP operating margin guidance to 14.5% from 13.5%.

Salesforce climbed to $264 on Thursday, gaining 2.75%, after Snowflake's stronger outlook signaled that enterprise AI spending is becoming real. Snowflake's quarterly product revenue surged 37%, with AI driving roughly half of its recent growth acceleration, according to Reuters. Salesforce is building its own AI capabilities, with second-quarter revenue jumping 11% to $11.3 billion and current remaining performance obligations up 14% to $33.5 billion. Its Agentforce and Data 360 annual recurring revenue approached $3.9 billion, including over $1.5 billion from Agentforce. Despite trading 22.13% below its GF Value of $339.05, Salesforce's combined AI-and-data run rate equals about 8.6% of annualized quarterly revenue, but the company must still prove it can capture similar budgets.

U.S. stocks rallied broadly Thursday after Federal Reserve Governor Christopher Waller signaled he could support leaving interest rates on hold this month, easing fears of a September hike. Traders now price in roughly a 50% probability of a hike, down from about 70% earlier in the week. The S&P 500 rose 0.96% to 7,740.14, the Dow Jones Industrial Average gained 1.1% to 53,658.71, and the Nasdaq 100 climbed 1.0% to 29,439.78. Software stocks led the rally, with Snowflake soaring 21.9% after strong earnings, while crypto-linked equities surged as bitcoin jumped 4.6% to about $80,900. However, packaged food stocks were routed, with Campbell's tumbling 9.7% on weak guidance and a dividend cut, and Tyson Foods falling 6.9% after lowering its outlook.

U.S. stocks climbed Thursday as investors grew hopeful the Federal Reserve would leave interest rates unchanged at its next meeting, following remarks from Federal Reserve Governor Christopher Waller. The Dow Jones Industrial Average advanced 635 points, or 1.2%, according to CNBC, which noted the move would mark the index's strongest single-session performance since Aug. 4. The S&P 500 added 1% and the Nasdaq Composite climbed 1.3%. The rally came after Waller said he would be inclined to support holding rates steady, so long as upcoming inflation data did not produce surprises. The 10-year Treasury yield fell to around 4.75% after his remarks, pulling back from its highest level since November 2023. The share of fed funds futures traders pricing in a rate hike at the central bank's meeting in a couple of weeks fell to 50.4% after Waller's statement, down from 63.2% a day earlier, according to CNBC, citing the CME FedWatch tool. A rise in the Japanese yen also contributed to the drop in Treasury yields, with the yen trading 2% stronger against the dollar at 155.36. The broad S&P 500 rally included all but two of its sectors, with consumer stocks leading gains. Snowflake stock surged more than 20% after the company topped second-quarter earnings and revenue estimates and offered an upbeat outlook. Broadcom stock fell 4% after the company paired its latest quarterly results with a fiscal fourth-quarter revenue forecast that fell short of what analysts had anticipated. Oil prices continued their climb, with West Texas Intermediate crude futures trading 0.5% higher at above $91 per barrel and Brent futures above $95, as tensions in the Middle East outweighed comments from President Donald Trump that he did not expect recent U.S.-Iran fighting to last long.

Snowflake Inc is up 19.9% at $366.83 after posting better-than-expected second-quarter earnings and revenue and lifting its full-year guidance, prompting analysts including Citigroup to raise price targets to $490 from $395. Options volume is eight times the intraday average, with calls accounting for 57% of the 188,000 contracts traded. Campbell's Co is down 10.8% at $21.22 after forecasting annual sales and profit below estimates and slashing its dividend, with options volume at seven times the average. Ciena Corp is down 9.9% at $319.33 despite record quarterly revenue of $1.67 billion and adjusted earnings of $2.11 per share, as its adjusted gross-margin outlook weighs on shares. ACM Research Inc is down 1.1% at $69.11, and the Schwab U.S. Dividend Equity ETF is up 0.1% at $35.05, with the ETF nearing $112 billion in assets and closing in on Vanguard Dividend Appreciation Index Fund ETF as the largest U.S. dividend ETF.

Stocks edged higher on Thursday, with Nvidia leading tech gains after the AI chip heavyweight announced the purchase of AI open model hub Hugging Face in a $13 billion deal. Long-dated bond yields slipped ahead of Friday's jobs report, with the 10-year Treasury dropping to 4.73% after touching its highest level since November 2023 in the prior session. Tech stocks rose as shares of Snowflake soared following a blowout quarter, while Broadcom shares dropped despite strong quarterly results as current-quarter revenue missed Wall Street estimates.

Snowflake surged in after-hours trading following its earnings report, with shares climbing $72.26, or 23.63%, to $378.10. The company said usage of its AI-assisted coding tools is expanding rapidly, drawing market enthusiasm. This news was reported by Kabutan News (minkabu PRESS).

Snowflake shares surged 24% in premarket trading after its second-quarter results beat analyst expectations, with adjusted earnings of 62 cents per share on revenue of $1.55 billion, surpassing the LSEG consensus of 45 cents and $1.48 billion, and the company raised its full-year product revenue guidance. The rally lifted software peers, with Datadog jumping over 5%, ServiceNow up 3%, and Salesforce rising 1.5%. In other moves, Hewlett Packard Enterprise slipped 3% after forecasting earnings growth of 16% to 20% for fiscal 2027, below the FactSet consensus of 18.7%, while Broadcom lost 2.5% as its fourth-quarter revenue forecast of $34.8 billion missed the $35.03 billion estimate. Campbell's Company fell nearly 7% on weak fiscal 2027 guidance, and Ultragenyx Pharmaceutical plunged over 46% after its Angelman syndrome drug failed a Phase 3 trial. On the upside, Petco jumped almost 9% on better-than-expected margins, Argan popped 7.5% on strong earnings, Five Below rose 4.5% on a beat, and Netskope gained 12% on upbeat revenue guidance, while Victoria's Secret sank over 18% on a revenue miss and NetApp shed 8% on soft deferred revenue.

Stock futures were mixed in premarket trading Thursday as investors weighed escalating U.S.-Iran geopolitical friction against persistent interest rate concerns. Among the biggest movers, Snowflake shares surged 24% after the data warehousing company reported strong fiscal Q2 results and issued an upbeat outlook, with product revenue rising 37% year-over-year to $1.49 billion, and management highlighting accelerating AI adoption. ChargePoint Holdings jumped 18% after beating Q2 expectations with revenue up 17.8% year-over-year, while its adjusted EBITDA loss narrowed sharply to $4.8 million from $22.1 million. On the downside, NetApp fell 9% despite record revenue of $2.03 billion, as free cash flow declined 35% year-over-year to $401 million, and Hewlett Packard Enterprise dropped 5% even after topping expectations with Q2 revenue of $12.21 billion, as the company raised its full-year outlook and expanded its Oracle collaboration.

Snowflake Inc. shares rose after the company raised its full-year revenue guidance above analyst estimates, driven by rapid adoption of its AI-powered coding assistant, AI Assistant. The company now expects product revenue for the fiscal year ending in January to be approximately $6.07 billion, surpassing the average analyst estimate of $5.86 billion. Additionally, Snowflake revealed that over 2,000 customer accounts began using its AI coding tool, CoCo, during the last quarter, bringing the total number of accounts using the tool to 9,100. In after-hours trading, Snowflake shares jumped 25.10% to $382.61. Mirroring this move, depositary receipts (DRs) linked to Snowflake and traded on the Stock Exchange of Thailand also rose: SNOW06, issued by Kiatnakin Phatra Securities Public Company Limited, climbed 18.87% to 6.30 baht, while SNOW23, issued by Innovest X Securities Company Limited, gained 18.75% to 5.70 baht.

Snowflake reported better-than-expected sales for Q2 CY2026, with revenue up 35.1% year on year to $1.55 billion, beating analyst estimates of $1.48 billion. Adjusted EPS came in at $0.62, surpassing the consensus of $0.45 by 38.7%. The company also guided Q3 product revenue to $1.59 billion at the midpoint. Snowflake's net revenue retention rate was 126%, and it ended the quarter with 828 customers paying more than $1 million annually. Following the results, the stock jumped 22.3% to $375.68.

Sayari has selected Snowflake to rebuild its Commercial World Model, turning over a decade of primary-source data—12 billion records from 715 sources across 250 jurisdictions—into an AI-ready foundation. The rebuild makes readable up to 75% of Sayari's archive that earlier technology could not capture, and is expected to cut data infrastructure costs by more than 50%. Sayari's archive includes roughly 1 billion original documents, such as corporate filings and shipping records, often the only accessible form of deep web data. The move, accelerated by Snowflake's AI coding assistant CoCo, will enable deeper risk detection and new intelligence products later this year, according to Chief Product Officer Jessie Abell.

Cantor Fitzgerald analyst Thomas Blakey raised the price target on Snowflake to $405 from $282 while maintaining an Overweight rating, ahead of the company's fiscal second-quarter 2027 earnings on September 2. The firm expects another beat, but projects product revenue to exceed the guide midpoint by only 3%, a narrower margin than last quarter's 5.5% beat. Snowflake's product revenue grew 34% year-over-year to $1.3 billion in Q1, with net revenue retention at 126%, driven by AI adoption across more than 13,600 accounts and Cortex Code usage by about 7,100 accounts. Cantor notes strong CoCo adoption and core usage, but questions whether incremental AI consumption can offset customer cost optimizations. Hedge fund interest has increased, with 103 funds holding positions, up from 80 in the prior quarter.

Yuki, the real-time cost optimization platform for Snowflake and BigQuery environments, has launched the Yuki Cortex Control Center, a new dashboard giving enterprises real-time visibility into what drives their Snowflake Cortex AI spend. The dashboard breaks down Cortex usage across agents, direct inference, SQL functions, Cortex Search, and coding tools—all billed from a single credit pool—down to the product, agent, user, role, or model responsible, and pairs that spend with cost and latency performance in one view. Yuki's CTO, Amir Peres, said the company is already live with the product and customer feedback is shaping the roadmap, noting that Cortex spend is becoming Snowflake's next black box. The Cortex Control Center is available now, free, to all Snowflake teams, with setup taking minutes and requiring no code changes. This launch extends Yuki's recent momentum, including partnerships with Integrate.io, joining the AWS ISV Accelerate program, and a 14-day free trial, alongside its listings on the Snowflake Marketplace and AWS Marketplace.

Snowflake is set to release its second-quarter fiscal 2027 results on September 2, with the Zacks Consensus Estimate for earnings steady at 45 cents per share, up 28.57% year over year, and revenues pegged at $1.47 billion, up 28.77%. The company has beaten estimates in all trailing four quarters, with an average surprise of 21.98%. Snowflake's expanding clientele, driven by strong AI capabilities like Snowflake Intelligence and Cortex Code, is expected to boost top-line growth, with product revenues guided between $1.415 billion and $1.42 billion, representing about 30% growth. However, the stock trades at a premium valuation, with a forward Price/Sales of 16.32X versus the industry's 4.08X, and faces margin pressures and competition. Despite these concerns, Snowflake's shares have surged 49.5% year to date, outperforming the sector, and the company carries a Zacks Rank #2 (Buy), suggesting investors should consider accumulating the stock ahead of the earnings release.

UOBAM reports in its UOBAM Weekly Market in Brief that this week (August 31 to September 4) investors should monitor the US non-farm payrolls and unemployment rate following the hawkish tone at the Jackson Hole meeting, while also looking forward to strong earnings from the technology sector, particularly Dell, Palo Alto Networks, MongoDB, Broadcom, and Snowflake. Recommended funds include UGIS, UGEAR, UGSTAR, and UGDIVP.

Snowflake Inc. is set to report quarterly earnings of $0.45 per share, up 28.6% from a year ago, with revenues forecast at $1.47 billion, a 28.8% increase. The consensus EPS estimate has remained unchanged over the past 30 days. Analysts also project product revenue of $1.42 billion, up 30%, and professional services revenue of $60.04 million, up 10.2%. Remaining performance obligations are estimated at $9.48 billion, compared to $6.90 billion a year ago. Total customers are expected to reach 14,399, up from 12,062, and customers with trailing twelve-month product revenue over $1 million are seen at 818, versus 654 last year. Non-GAAP product gross profit is projected at $1.06 billion, and GAAP product gross profit at $1.01 billion. Snowflake shares have gained 10.4% over the past month, outperforming the S&P 500's 4.3% rise, and the stock holds a Zacks Rank #2 (Buy).

Snowflake is benefiting from accelerating product revenue growth, rising AI adoption, and expanding consumption of its AI Data Cloud, which strengthens its position against Dell Technologies and Oracle. In the first quarter of fiscal 2027, product revenues rose 34% year over year to $1.33 billion, marking the strongest sequential dollar growth on record. Growth is fueled by AI offerings like Cortex Code and Snowflake Intelligence, with the latter's accounts more than doubling sequentially and Cortex Code used across over 7,100 accounts. The company added 616 net new customers in the quarter, up 38% year over year, including 13 new Global 2000 clients, and now serves 13,912 customers with a net revenue retention rate of 126%. Snowflake raised its fiscal 2027 product revenue guidance to $5.84 billion, implying 31% growth, and expects second-quarter product revenues between $1.415 billion and $1.42 billion. Meanwhile, Dell Technologies reported record revenues of $43.8 billion in the same quarter, up 88% year over year, with AI server revenues reaching $16.1 billion and an AI backlog of $51.3 billion, while Oracle introduced Oracle OPERA Cloud Assistant in June 2026. Snowflake shares have gained 43.8% year to date, outperforming the broader sector's 15.4% appreciation, and the Zacks Consensus Estimate for fiscal 2027 earnings is $1.97 per share, indicating a 57.60% year-over-year increase.

Snowflake has added OptionMetrics data to its private cloud marketplace, giving users direct access to options datasets across multiple regions. The integration includes historical and intraday options data for the US, Europe, Asia, and Canada, aimed at institutional and quantitative users. This move expands Snowflake's role as a data hub for investment research, trading, and risk management workflows.

Zeta Global reported second-quarter revenue of $442.8 million, beating analyst estimates of $420.7 million and representing 43.5% year-on-year growth. Adjusted EPS came in at $0.27 versus expectations of $0.19, while adjusted EBITDA reached $91.7 million, above the $86.44 million consensus. The company raised its full-year revenue guidance to $1.82 billion at the midpoint from $1.79 billion, and its EBITDA guidance to $405.2 million, above analyst estimates of $397.4 million. Management attributed the strong performance to accelerated adoption of its AI-powered Athena platform and partnerships with OpenAI, Palantir, and Snowflake. During the earnings call, analysts questioned executives about multi-use case adoption, partnership-driven go-to-market success, productization of ZBI use cases, expansion into business intelligence, and the impact of Palantir Foundry infrastructure on Athena users.

Snowflake added Alteryx One to Snowflake Marketplace, giving joint customers a no-code way to work with AI-ready enterprise data within the Snowflake AI Data Cloud. The integration allows business teams and IT to run analysis, workflows, and automation directly inside Snowflake through Alteryx One. The move extends Snowflake's partner ecosystem and aims to support secure, governed, and scalable analytics and AI deployment for enterprise users.

Snowflake has agreed to a multiyear, US$6 billion commitment with Amazon Web Services to support enterprise AI adoption. The deal, alongside a series of AI-focused launches and integrations including Cortex AI Gateway and new security and analytics partnerships, has coincided with a sharp acceleration in Snowflake's share price momentum, with the stock recording a 30-day return of 26.41% and a one-year total shareholder return of 72.31%. The stock last closed at $330.49, and while a narrative fair value estimate pegs it at $78.83, a discounted cash flow model suggests a future cash flow value of $443.48 per share.

Zeta Global reported second-quarter revenue of $443 million, up 44% year over year, and raised its full-year outlook across revenue, profit, and cash flow. Adjusted EBITDA rose 56% to $92 million, and the company returned to GAAP profitability with net income of $8.2 million. Full-year revenue guidance was increased by $33 million at the midpoint to $1.818 billion, while adjusted EBITDA guidance was raised to $405 million and free-cash-flow guidance to $255 million. The company highlighted accelerating AI adoption, with 40% of super-scaled customers becoming monthly active users of its Athena conversational AI offering within 130 days of availability. Zeta also expanded beyond marketing through its Zeta Business Intelligence offering and partnerships with OpenAI, Snowflake, and Palantir.

Zeotap has launched its end-to-end Composable Customer Data Platform as a Snowflake Native App on Snowflake Marketplace. The complete CDP runs inside an enterprise's own Snowflake account using Snowpark Container Services, meaning identity resolution, audience segmentation, journey orchestration and activation all execute without customer data ever leaving Snowflake's secure perimeter. The app removes the need to copy data into a separate system, with unified profiles materialised as customer-owned Snowflake tables and only hashed audiences leaving at activation. Capabilities include deterministic and probabilistic identity resolution, SQL-free audience building, multi-step journey orchestration, AI models on Snowflake Cortex AI, consent and governance dashboards, and over 250 activation endpoints. Eligible customers can purchase the app using existing committed Snowflake spend through the Marketplace Capacity Drawdown Program, potentially moving from connection to first live activation in as little as eight weeks.

Palantir and Snowflake reported contrasting quarterly results that highlight their different positions in the enterprise AI market. Palantir's revenue surged 84.7% year-over-year, driven by a 133% jump in U.S. commercial revenue to $595 million and an 84% increase in U.S. government revenue to $687 million, while CEO Alex Karp noted its Rule of 40 score reached 145%, a level he said only NVIDIA, Micron, and SK hynix have matched. Snowflake posted 33.5% revenue growth with product revenue of $1.33 billion, net revenue retention of 126%, and remaining performance obligations up 38% to $9.21 billion, as Cortex Code surpassed 7,100 accounts and Snowflake Intelligence accounts more than doubled sequentially. Palantir generated $925 million in free cash flow and raised its full-year revenue guidance to between $7.65 billion and $7.66 billion, while Snowflake continued to invest heavily through a $6 billion multi-year AWS agreement, an OpenAI partnership, and acquisitions, resulting in a GAAP operating loss of $326 million but an improved non-GAAP operating margin guidance of 13.5%. Year-to-date, Palantir shares have fallen 30.77% amid a price-to-earnings ratio near 174 and insider selling, whereas Snowflake shares have risen 33.7% with 44 buy ratings against 6 holds.

Snowflake raised its guidance after seeing enough traction with one of its early AI products to attribute the increase specifically to that product, according to Spyglass Capital Management's second-quarter investor letter. The cloud data platform company exceeded consensus expectations for both revenue and earnings in its first-quarter results. Spyglass noted that Snowflake's long-term potential remains misunderstood by most investors, and while the firm trimmed its position due to share price appreciation, Snowflake remains a core holding. Snowflake shares closed at $298.10 on July 30, 2026, with a one-month return of 14.59% and a 52-week gain of 45.40%, giving it a market capitalization of $103.32 billion.

Cursor has launched the Cursor Benchmark Partners program, a global alliance with Amazon Web Services, BCG, Databricks, McKinsey, NVIDIA, and Snowflake to deliver what it calls the first referenceable enterprise AI adoption stack. The initiative aims to help organizations move agentic AI workflows from pilot to production scale by providing a pre-vetted framework spanning technology, infrastructure, data governance, and services. Over the next year, the partners will develop new capabilities including Forward Deployed Engineering capacity and dedicated research and implementation resources. The program is organized around three key areas: transformation and adoption, context and governance, and accelerated cloud and deployment. Cursor says this marks the first step in its broader partner strategy to support enterprise AI adoption and production deployment.