Snowflake Stock Surges 30%+ on Earnings Beat and $6 Billion AWS AI Deal
Snowflake (SNOW) shares surged over 30% on May 28, 2026, after reporting strong Q1 fiscal 2027 earnings, with revenue of $1.39 billion (up 33% YoY) and adjusted EPS of $0.39, beating estimates. The company announced a $6 billion, five-year strategic commitment with Amazon Web Services (AWS) to use Graviton chips and GPUs for AI workloads. Snowflake also acquired AI startup Natoma and raised its full-year product revenue guidance to $5.84 billion, citing an AI adoption inflection point.
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Snowflake (SNOW) Soars 36% as AI Propels Q1 Earnings
Snowflake Inc. (NYSE:SNOW) saw its share price surge 36.48% on May 28, 2026, closing at $239.20, after reporting strong Q1 fiscal year 2027 earnings driven by artificial intelligence momentum. The company reduced its net loss by 31% to $295 million from $430 million year-over-year, while revenues grew 33.6% to $1.39 billion. CEO Sridhar Ramaswamy highlighted AI as a powerful tailwind, citing products like Cortex Code and Snowflake Intelligence as key to the company's strategy. For Q2, Snowflake targets revenue of $1.415-$1.42 billion (30% growth), and raised its full-year product revenue outlook to $5.84 billion (31% growth), up from previous guidance of $5.66 billion.
Yahoo FinanceWhy Snowflake Stock Skyrocketed Today
Snowflake (NYSE: SNOW) shares surged on May 28, 2026, after the company reported strong Q1 earnings driven by artificial intelligence adoption. Revenue rose 33% year-over-year to $1.39 billion, with customers spending over $1 million annually increasing 29% to 779. Management raised full-year guidance, now expecting product revenue growth of 31% to $5.84 billion and an adjusted operating margin of 13.5%, up from prior forecasts of 27% growth and 12.5% margin. CEO Sridhar Ramaswamy cited AI as a powerful tailwind, highlighting new AI-powered coding tools (Cortex Code) and enterprise AI agent platform (Snowflake Intelligence). The stock had been down 20% in 2026 before this report, as investors feared disruption from AI-native rivals, but the earnings report alleviated those concerns.
Yahoo FinanceSnowflake Stock Soars Over 30% After Blowout Quarter and $6 Billion AWS Deal
Snowflake (NYSE: SNOW) shares surged more than 30% on May 28, 2026, following the company's fiscal first-quarter results and a new five-year, $6 billion spending commitment with Amazon Web Services (AWS). Product revenue grew 34% year-over-year to $1.33 billion, accelerating from 30% in the prior quarter. The net revenue retention rate rose to 126%, its first increase after three quarters at 125%, indicating accelerating customer spending. Management attributed much of the momentum to AI adoption, with the Snowflake Intelligence assistant seeing accounts more than double from the prior quarter. The company raised its full-year product revenue forecast to $5.84 billion, implying roughly 31% growth, up from a prior estimate of about 27%. The stock reached a year-to-date high after being down about 19% before the report.
Yahoo FinanceSnowflake Stock Surges Nearly 40% on AI Deals and Strong Earnings
Snowflake's stock surged over 34% on May 28, 2026, following a series of AI-related developments. The cloud software company announced a $6 billion deal with Amazon, plans to acquire an AI agent platform, and reported better-than-expected earnings driven by growing AI demand. The rally brought Snowflake shares back into positive territory for the year, after being down 20% year-to-date. Wall Street analysts, including those from William Blair and Wedbush, expressed optimism that AI adoption is accelerating Snowflake's business growth. Wedbush raised its price target to $280, citing Snowflake's strong infrastructure capabilities as a competitive moat in the AI revolution. The stock was up nearly 7% for 2026 after the session.
Yahoo FinanceSnowflake Surges 37% on $6 Billion Amazon Deal and AI Inflection Point
Snowflake (SNOW) shares surged 37% intraday on May 28, 2026, after reporting blowout Q1 FY2027 earnings and announcing a $6 billion multiyear deal with Amazon Web Services (AWS). Product revenue reached $1.33 billion, up 34% year-over-year, beating consensus estimates. Non-GAAP EPS of $0.39 topped the $0.32 consensus. The AWS deal involves using Amazon Graviton CPUs over five years, validating the chip's economics for enterprise data workloads. CEO Sridhar Ramaswamy declared Q1 a 'clear inflection point' for AI adoption, citing over 13,600 accounts using Cortex AI and Snowflake Intelligence. The company raised full-year product revenue guidance to $5.84 billion (31% growth) and lifted its operating margin target to 14%. The stock had been down 20% year-to-date before the report.
Yahoo FinanceSnowflake Q1 Fiscal 2027 Earnings Beat Estimates, Announces $6 Billion AWS Deal
Snowflake reported strong Q1 fiscal 2027 results, with revenue of $1.39 billion (up 33% YoY) and adjusted earnings of $0.39 per share, beating consensus estimates of $0.32. Product revenue reached $1.33 billion, a 34% increase. The company announced a $6 billion, five-year strategic collaboration agreement with Amazon Web Services (AWS), its largest cloud commitment to date, focusing on Graviton chips and GPU resources for AI workloads. Snowflake raised its full-year product revenue guidance to $5.84 billion (31% growth) and non-GAAP operating margin outlook to 13.5%. The company also signed a definitive agreement to acquire Natoma, an enterprise AI agent platform. Snowflake shares surged up to 36% in after-hours trading. Key metrics included 779 customers with over $1 million in trailing 12-month product revenue (up 29% YoY) and remaining performance obligations of $9.21 billion (up 38% YoY).
Yahoo FinanceSnowflake Stock Surges on Earnings Beat and $6 Billion AWS Expansion Deal
Snowflake's stock price surged toward a record gain following a strong earnings report that exceeded analyst expectations. The company also raised its financial outlook for the upcoming period. A key driver of investor enthusiasm was a $6 billion commitment to expand its strategic collaboration with Amazon Web Services (AWS), signaling deepening integration and accelerated growth driven by AI adoption. The news highlights Snowflake's position as a major beneficiary of the AI infrastructure boom, with its cloud data platform increasingly used for AI and machine learning workloads. The partnership expansion is expected to drive significant product-revenue growth for the company.
MarketWatch.com - Top StoriesSnowflake Stock Soars on Upbeat Outlook and AI Deal with Amazon
Snowflake shares surged over 35% in after-hours trading on Wednesday after the cloud data platform provider announced a $6 billion AI partnership with Amazon Web Services (AWS) and reported better-than-expected quarterly earnings. The company posted adjusted EPS of $0.39 on revenue of $1.39 billion, a 34% year-over-year increase, beating analyst estimates. Snowflake also raised its full-year revenue guidance to $5.84 billion, citing strong AI-driven demand. CEO Sridhar Ramaswamy described the quarter as a 'milestone quarter' marking an inflection point. The stock, which had been down 20% for 2026 through Wednesday's close, appeared poised to erase its year-to-date losses. Analysts at Wedbush noted AI is acting as a powerful tailwind for the company and the broader software sector.
Yahoo FinanceSnowflake Soars 30% on Earnings Beat and $6 Billion AWS Cloud Commitment
Snowflake's stock surged up to 30% in extended trading after reporting strong fiscal first-quarter results and announcing a $6 billion, five-year spending commitment with Amazon Web Services (AWS). The cloud data company reported adjusted earnings of 39 cents per share on $1.39 billion in revenue, exceeding analyst expectations. The expanded AWS deal includes increased use of Amazon's custom Arm-based Graviton chips and cloud-based GPUs for AI workloads. Snowflake also announced the acquisition of AI startup Natoma for an undisclosed sum. The agreement marks a significant deepening of the long-standing relationship between Snowflake and AWS, with the annual average spend rising to $1.2 billion from previous commitments. The deal signals growing momentum for AWS in AI and further adoption of Arm-based processors over traditional x86 architecture in data centers.
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