Snowflake Inc. (SNOW) — the earnings record

As of the 2026-08-31 card — updated after each print. An investment research diary, not advice.

The record at a glance

10/11EPS beats

11/11revenue beats

6 · 1 · 4up · flat · down (+3d, ±3%)

2026-12-02next print

Reactions across the covered prints span -22.6% to +59.9% — the beat column and the reaction column frequently disagree, which is the whole reason the record scores them separately. The street carries est revenue ~$1.65B into the next print.

Print by print

Print	Date	EPS	Revenue
Sep 26	2026-09-02	✓ beat	✓ beat
May 26	2026-05-27	✓ beat	✓ beat
Feb 26	2026-02-25	✓ beat	✓ beat
Dec 25	2025-12-03	✓ beat	✓ beat
Aug 25	2025-08-27	✓ beat	✓ beat
May 25	2025-05-21	✓ beat	✓ beat
Feb 25	2025-02-26	✓ beat	✓ beat
Nov 24	2024-11-20	✓ beat	✓ beat
Aug 24	2024-08-21	✓ beat	✓ beat
May 24	2024-05-22	✗ miss	✓ beat
Feb 24	2024-02-28	✓ beat	✓ beat

The per-print reaction chart, the load-bearing metric and the behavior read live on the full SNOW print-record card — free registration.

FAQ · from the current data · as of 2026-08-31

Quick answers

How often does Snowflake Inc. beat earnings estimates?

Across the last 11 covered prints (as of the 2026-08-31 card), Snowflake Inc. beat EPS estimates 10 of 11 times and revenue estimates 11 of 11 times, with 10 double beats.

How does SNOW stock react to earnings?

Measured close-of-print-day to the close three sessions later: 6 of the last 11 prints resolved up (beyond +3%), 1 flat, 4 down (as of the 2026-08-31 card) — reactions spanning -22.6% to +59.9%. Beat-or-miss and reaction are scored separately because they frequently disagree.

What was SNOW's biggest earnings reaction?

+59.9% over the three sessions after the May 26 print (2026-05-27).

When does Snowflake Inc. report earnings next?

2026-12-02 (Window closed 8 September: paid +9.8% — half the after-hours jump survived, and half was enough. Sixth payment in the last eight windows. Next print 2 December — est EPS $0.54 · est revenue ~$1.65B). The full print-record card — reaction chart, the load-bearing metric and the behavior read — updates after each print; registration is free. An investment research diary, not advice.

Mentioned on Closelooknet

Where SNOW appears in the diary — 38 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

The Agentic Winners 25Dossier · $49 · 31 Mar 2026Snowflake provides the governed data warehouse agents query for analytical context.
Agentic Application Software: The SaaSpocalypse MapDossier · $39 · 27 Feb 2026Long AI infrastructure from Strand 2: Datadog (DDOG — observability gravity), Cloudflare (NET — edge distribution), Snowflake (SNOW — data gravity), MongoDB (MDB — developer ecosystem), Pure Storage (PSTG — ICMS context memory), Elastic…
Agentic Infrastructure Software: The Orchestration LayerDossier · $39 · 24 Feb 2026The hardware requires all-flash array partners (Pure Storage, NetApp, Dell) to build the physical boxes, while software platforms (Elastic, MongoDB, Snowflake) organize and query the data.

101 and glossary

ABR — Agent Beneficiary Ratio: Scoring AI Disruption Impact101Key Companies NVDA NVIDIA Natural Position — infrastructure provider CRM Salesforce Cannibalize or Die — Agentforce pivot SNOW Snowflake Natural Position — data infrastructure for agents ZEN Zendesk Terminal — agents replace tier-1 support
Agentic AI Adoption Curve: Where We Are and What Comes Next101Key Companies CRM Salesforce Agentforce adoption as leading indicator MSFT Microsoft Copilot/agent platform — largest distribution ANTH Anthropic Agent framework + tool use (private) SNOW Snowflake Data infrastructure for agent workloads
Agentic AI: Who Eats Whose Lunch — A Concrete Winner/Loser Map101Cloud compute: AWS, Azure, GCP — agents run on their infrastructure Data platforms: Snowflake, Databricks — agents need data to act on Observability: Datadog, Elastic — monitoring agent behavior at scale Semiconductor: The entire 6-layer…
AI Infrastructure Outlook 2026: Layers, Risks, and Positioning101Snowflake, Datadog, and Confluent benefit from the inference-side of AI spending.
SaaSpocalypse: Why Agentic AI Destroys the SaaS Pricing Moat101Snowflake, Databricks, and MongoDB provide the data layer that agents consume.
The 6-Layer Model: How Closelooknet Maps the AI Supply Chain101Layer 5 — Data Platforms: Snowflake, Datadog, Confluent, Elastic.
Work-as-a-Service: The Post-SaaS Business Model101Similar to Snowflake's compute credits model.

Dailies

Chips — the open follows Seoul, then turns: chip index from −2.4% to +0.7%; small caps +1.6%Midday 10 · 20 Oct 2026The software fund IGV is up 0.8% at 106.86, ServiceNow +2.2%, Oracle +2.1% to 132.27, Snowflake +1.7%.
AI Trade — builders and runners sold, users bought: chips enter a bear market, Accenture +9.9% on the weekMorning 10 · 19 Oct 2026AI apps — software sold on Friday: IGV −4.8%; Snowflake −8.4%, Palo Alto −7.6%, Palantir −7.2%
Chips — bounce 2.5% to break an eight-day losing run; QQQ back above 720, AI users still boughtMidday 10 · 19 Oct 2026Software follows: the software fund IGV +1.7%, Palantir +5.0%, Snowflake +3.4%.
Tech — the whole complex sold: chip fund −2.1%, software −4.3%; Nasdaq −1.1% while the Dow is greenMidday 10 · 16 Oct 2026Chips fall for an eighth day and software joins them: CrowdStrike, Snowflake and Palo Alto −7%.
AI Trade — TSMC is ‘prudent’ on 2027: chip fund −2.0%, Dell −7.7%; software bought, Dow +0.9%Midday 10 · 15 Oct 2026DigitalOcean is down to $102.62 with no company news found; Cloudflare $310.30, Datadog −2.0%, Snowflake −2.3%.
Korea — Kospi −3.5% on its first day back as chipmakers catch up; SpaceX deal sinks T-Mobile 13%Morning 10 · 12 Oct 2026Software, second day up — cloud fund CLOU +3.9%, Snowflake +7.4%, Datadog +7.1%, Palantir +5.2% to a record
AI Capex — chip index −3.4% after OpenAI's revenue comes in at $50 billion, not $70 billion; software risesMorning 10 · 9 Oct 2026The sell-off hit the build-out — Broadcom −4.4%, Micron −4.8%, Oracle −5.5%, CoreWeave −7.8% — while application software rose: Atlassian +4.0%, Adobe +3.6%, Snowflake +3.2%, cloud fund WCLD +1.5%.
AI Trade — cloud fund +2.9% on a second up day, security +2.7%; chips −0.9% again, Delta −1.6% on fuelMidday 10 · 9 Oct 2026The data and monitoring layer: Datadog +5.7%, Snowflake +4.8%, Cloudflare +4.2%

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