Cloud data platform provider Snowflake (NYSE: SNOW) will be reporting earnings this Wednesday after market hours. Here’s what you need to know.
Snowflake beat analysts’ revenue expectations last quarter, reporting revenues of $1.21 billion, up 28.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates. It added 34 enterprise customers paying more than $1 million annually to reach a total of 688.
Is Snowflake a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Snowflake’s revenue to grow 27.4% year on year, in line with the 27.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Snowflake has a history of exceeding Wall Street’s expectations.
Looking at Snowflake’s peers in the data and analytics software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Commvault delivered year-on-year revenue growth of 19.5%, beating analysts’ expectations by 4.9%, and Palantir Technologies reported revenues up 70%, topping estimates by 4.9%. Commvault traded down 30.5% following the results while Palantir Technologies was up 6.8%.
Read our full analysis of Commvault’s results here and Palantir Technologies’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. Unfortunately, data and analytics software stocks have struggled in this environment as share prices are down 22% on average over the last month. Snowflake is down 25.2% during the same time and is heading into earnings with an average analyst price target of $266.02 (compared to the current share price of $157.62).
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