Snowflake Q2 Earnings: Revenue, EPS Beat Estimates On Continued AI Momentum, Shares Surge

Snowflake Inc (NYSE:SNOW) reported financial results for the second quarter on Wednesday after the close. Here’s a look at the key details from the quarter.

SNOW is charging ahead with explosive momentum. See the market dynamics here.

Q2 Highlights: Snowflake reported second-quarter revenue of $1.14 billion, beating analyst estimates of $1.09 billion, according to Benzinga Pro. The AI data cloud company reported second-quarter adjusted earnings of 35 cents per share, beating analyst estimates of 27 cents per share.

Total revenue was up 32% year-over-year. Product revenue came in at $1.09 billion, also up 32% year-over-year. Net revenue retention rate was 125% in the quarter. 

Remaining performance obligations totaled $6.9 ...