Episode Details

Snowflakes Q4 FY2026 earnings surpassed expectations, with product revenue up 30% and total revenue at $1.284 billion. The company guided for faster growth in FY2027, and their stock rebounded after the positive outlook. Analysts remained bullish, with price targets ranging from $208 to $280. Snowflakes new AI coding tool, Cortex Code, gained traction, and they secured their largest deal ever. Remaining performance obligations jumped 42%, indicating significant expansions. Over 70% of their customer base now uses AI features, but competition and cloud spending shifts pose challenges.

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