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Snowflake (SNOW) Investors Brace for AI-Driven Earnings Surge
Snowflake (SNOW) Investors Brace for AI-Driven Earnings Surge
BTCCSquare news:
Snowflake’s stock has surged 61% year-to-date, dwarfing the S&P 500’s 16% gain, as analysts anticipate another earnings beat. Consensus forecasts peg Q3 2026 EPS at $0.31 and revenue at $1.18 billion, with upward revisions reflecting bullish sentiment. The cloud-data platform’s track record—18 EPS beats in 20 quarters—signals resilience despite tough year-over-year comparisons.
Enterprise adoption of Snowflake’s AI workload solutions has accelerated, driving platform activity to record levels. Institutional demand mirrors the 14% boost in EPS estimates over the past year, while revenue projections climbed 3%. December 3’s earnings report will test whether Snowflake’s AI infrastructure investments can sustain its premium valuation.
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