SNOW · PEAD ↑ 80

Snowflake reported Q1 FY2027 EPS of $0.39 on 2026-05-27 (after market close), beating the $0.32 consensus by $0.07 (+21.9%).

Print-day reaction on 2026-05-27 was −1.3% versus the prior close, a modest fade that masked the magnitude of the beat. Overnight, however, the stock gapped up +35.2% into the 2026-05-28 open, decisively reversing the initial softness. Over the subsequent two trading sessions (T+1 through T+3 close), price drifted an additional +17.1%, sustaining the surge with broad-based buying through 2026-06-01. Cumulative abnormal return of +56.7% versus SPY.US puts SNOW firmly in PEAD long territory; drift confirmed and amplified the overnight gap, with the holding window running through 2026-08-24.