NewsMV
Snowflake (SNOW) stock rose 59.3% from January 18 to October 15, 2026, outperforming the S&P 500's 12.5% gain over the same period.
The price movement tracked three quarterly earnings reports, with buyers positioning for sustained sales growth driven by artificial intelligence usage on the company's data platform.
The company's revenue growth rate has accelerated in each quarter since January. Revenue increased 30.1% year-over-year in fiscal fourth quarter 2026, the period ending January 31.
By fiscal second quarter 2027, that pace reached 35.1%. Product revenue, which comprises nearly all of Snowflake's sales, grew 37% in the latest quarter.
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