Snowflake Inc. (SNOW) reported $1.28 billion in revenue for the quarter ended January 2026, representing a year-over-year increase of 30.1%. EPS of $0.32 for the same period compares to $0.30 a year ago.
The reported revenue represents a surprise of +2.42% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $0.27, the EPS surprise was +19.18%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $9.77 billion versus $8.89 billion estimated by five analysts on average.
- Customers with trailing 12-month product revenue greater than $1 million: 733 compared to the 729 average estimate based on two analysts.
- Revenue- Product revenue: $1.23 billion versus the 10-analyst average estimate of $1.2 billion. The reported number represents a year-over-year change of +30%.
- Revenue- Professional services and other revenue: $57.36 million compared to the $54.6 million average estimate based on 10 analysts. The reported number represents a change of +32% year over year.
- Non-GAAP product gross profit: $921.46 million compared to the $889.68 million average estimate based on eight analysts.
- Non-GAAP professional services and other revenue gross profit (loss): $-0.77 million versus $1.56 million estimated by seven analysts on average.
- GAAP product gross profit: $874.71 million compared to the $837.99 million average estimate based on two analysts.
- GAAP professional services and other revenue gross loss: $-17.05 million versus $-14.94 million estimated by two analysts on average.
View all Key Company Metrics for Snowflake here>>>
Shares of Snowflake have returned -24.3% over the past month versus the Zacks S&P 500 composite's -0.3% 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.
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Snowflake Inc. (SNOW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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