SNOW Snowflake delivered a strong Q3 with 29% revenue growth, solid beats on revenue and earnings, and continued strength in large enterprise customers. Backlog growth accelerated, signaling healthy demand, and operating margins improved on an adjusted basis, though GAAP profitability remains pressured by heavy stock-based compensation. The company raised full-year revenue guidance and hit a $100 million AI revenue run rate ahead of schedule, supported by rapid adoption of its AI products and a new partnership with Anthropic.
Despite the strong fundamentals, shares fell after management guided to lower Q4 margins due to increased AI investment.
SNOW These news outlets don't care about you making profits lol. They are creating liquidity when needed for their wealthy clients, not benefit you. Don't listen to them, let them fight each other. Focus on price action.
SNOW The analyst said AI agents will not work well unless internal corporate data are managed and compiled correctly. According one of the analyst's industry contacts, 75% to 80% of their clients want to build AI on Snowflake to centralize and prepare their corporate data.
SNOW Snowflake delivered a strong Q3 with 29% revenue growth, solid beats on revenue and earnings, and continued strength in large enterprise customers. Backlog growth accelerated, signaling healthy demand, and operating margins improved on an adjusted basis, though GAAP profitability remains pressured by heavy stock-based compensation. The company raised full-year revenue guidance and hit a $100 million AI revenue run rate ahead of schedule, supported by rapid adoption of its AI products and a new partnership with Anthropic. 
