Snowflake Inc Ordinary Shares

SNOW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Snowflake Earnings: Raised Guidance Drives Up Stock; FVE Cut to Reflect More Cautious Take

Eric Compton , Jivyaa Vaidya

Nov 21, 2024

No-moat Snowflake reported strong third-quarter earnings, with revenue and profitability coming in above guidance. Management now expects fiscal 2025 product revenue growth of 29%, up from the previous guide of 26%. Non-GAAP operating margins are expected to reach 5%, up from the previous guide of 3%, driven by the higher revenue outlook.

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Snowflake Inc Ordinary Shares

Snowflake Earnings: Raised Guidance Drives Up Stock; FVE Cut to Reflect More Cautious Take

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