Snowflake Projects 30% Revenue Growth as Enterprise AI Adoption Accelerates

EarningsProduct / Tech
โดย Zacks Investment Research·Read original
Summary · why it matters

Snowflake expects fiscal second-quarter 2027 product revenues between $1.415 billion and $1.420 billion, implying 30% year-over-year growth driven by accelerating enterprise AI adoption. The company's AI products, including Snowflake Intelligence and Cortex Code, are seeing rapid uptake, with Cortex Code already used by more than 7,100 accounts. Snowflake recently unveiled Cortex AI Gateway and new AI security capabilities to help enterprises securely deploy and manage AI agents across platforms, building on its acquisition of Natoma. Despite strong AI momentum, Snowflake faces stiff competition from Amazon and Oracle, with Amazon Web Services' chips business exceeding a $20 billion annual revenue run rate and Oracle introducing AI-powered hotel operations tools. Snowflake shares have gained 23.2% year-to-date, outperforming the broader Zacks Computer & Technology sector's 9.6% increase, though the stock trades at a premium with a forward price-to-sales ratio of 13.79 times.

Impact on stocks 3

Cloud & Digital Infrastructure± Mixed · 2 stocks
Snowflake Inc.
SNOW
▲ PositiveDemandrelevance

Snowflake projects 30% revenue growth driven by accelerating enterprise AI adoption and rapid uptake of AI products.

Oracle Corporation
ORCL
▼ NegativeCompetitionrelevance

Snowflake's strong AI adoption and revenue growth pose competitive threat to Oracle's database and AI offerings.

Artificial Intelligence▼ · 1 stocks
Amazon.com Inc
AMZN
▼ NegativeCompetitionrelevance

Snowflake's AI momentum and growth highlight competitive pressure on Amazon's AWS and its chips business.

Theme Impact 2

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