GoKawiilSnowflake shares jump 22% after strong quarterly earnings and raised outlook
Snowflake reported fiscal second-quarter revenue of $1.55 billion, up 35% year over year, and adjusted earnings of 62 cents per share, both beating analyst expectations. The company raised its full-year product revenue forecast to $6.07 billion and pointed to growth in its CoCo AI coding agent, which now serves over 9,100 accounts after adding 2,000 in the quarter.
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The results show Snowflake successfully monetizing AI features amid heavy competition among cloud data platforms, reinforcing investor confidence that enterprise AI tools can drive real revenue growth rather than just hype. A stock jump of this size, among the largest in Snowflake's history as a public company, signals strong market conviction in its improving margins and narrowing losses.
- Snowflake beat revenue and earnings estimates, sending shares up 22% after hours.
- Its CoCo AI coding agent gained over 2,000 accounts in a single quarter, reaching 9,100 total.
- Management raised full-year product revenue guidance and improved operating margin projections.
Snowflake: The Definitive Guide" (O'Reilly) — If Snowflake's blowout quarter has you curious about the data cloud everyone's building on, this O'Reilly guide walks through the platform's architecture, warehouses, and query workflows in practical detail. It's a solid way to get hands-on context behind the headlines about data analytics and AI coding agents.
See Snowflake: The Definitive Guide" (O'Reilly) on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Jordan Novet, 2026-09-02
Published there as: “Snowflake spikes 22% on healthy results and AI coding momentum”
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