Overview
- Snowflake is due to report fiscal first-quarter 2027 results after the market close on Wednesday with options pricing implying about a 12% post‑earnings move.
- Street consensus calls for roughly $1.3 billion in revenue and $0.32 in adjusted EPS, which would mark about 27% revenue growth year over year.
- Investors will closely track product and customer usage metrics for Snowflake’s AI offerings, including Cortex Code and Snowflake Intelligence, as signs that AI agents raise data consumption.
- Snowflake has said AI-related revenue reached a $100 million annual run rate in an earlier quarter and it has agreed to acquire Observe to add AI observability to its platform.
- The stock is down about 31% over six months, the company faces a late‑April shareholder class action over consumption disclosures, and analysts still carry a Strong Buy consensus with an average target near $233.