Snowflake (SNOW) Climbs 20% as Revenue Soars

We recently published 10 Stocks Crushing Wall Street’s Wildest Expectations. Snowflake Inc. (NYSE:SNOW) is one of the best performers on Thursday.

Snowflake soared by 20.27 percent on Thursday to finish at $241 apiece as investors cheered its stellar revenue performance in the second quarter of fiscal year 2026.

In its financial statement, Snowflake Inc. (NYSE:SNOW) said revenues increased by 31.76 percent to $1.145 billion from $869 million in the same period last year, helping net loss attributable to shareholders narrow by 6 percent to $298 million from $317 million year-on-year.

In the six-month period, however, net loss widened by 14.6 percent to $727.88 million from $635 million year-on-year, while revenues rose by 28.87 percent to $2.19 billion from $1.7 billion in the same comparable period.

“Thousands of customers are betting their business on Snowflake, and more than 6,100 accounts are using Snowflake’s AI every week. Customers love that our platform is easy to use, connected to enable fluid access to data wherever it sits, and trusted by companies of all sizes and industries. We have an enormous opportunity ahead as we continue to empower every enterprise to achieve its full potential through data and AI,” said Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy.

While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.