Snowflake Inc Ordinary Shares

SNOW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Snowflake Earnings: Margin Pressure Unlikely to Ease Anytime Soon as Competition Remains High

Luke Yang

Dec 4, 2025

Snowflake's third-quarter revenue growth of 29% came slightly ahead of guidance. However, shares sold off up to 9% in after-hours trading, likely due to a disappointing fourth-quarter non-GAAP operating margin guidance at 7%, or nearly 400 basis points below this quarter's result.

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Snowflake Inc Ordinary Shares

Snowflake Earnings: Margin Pressure Unlikely to Ease Anytime Soon as Competition Remains High

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