Snowflake (SNOW) Narrows Q1 Loss, Lifts FY27 Outlook, Shares Jump

Snowflake Inc. (SNOW) reported a narrowed fiscal first-quarter loss and raised its fiscal 2027 revenue forecast, driving shares higher in after-hours trading on May 27, 2026. The cloud data platform provider posted a net loss of $X per share, narrower than analysts’ expectations, while revenue surged X% to $X billion. For the current quarter ending in July, Snowflake projected product revenue between $X billion and $X billion, exceeding consensus estimates. The company also lifted its full-year fiscal 2027 product revenue guidance to $X billion, citing accelerating adoption of its AI Data Cloud and new workload migrations. The results mark a continued turnaround driven by cost discipline and emerging demand for artificial intelligence tools that run on Snowflake’s platform. The stock climbed X% in extended trading, adding to a Y% gain so far this year.