Snowflake (SNOW) Earnings Preview: What Investors Need to Know Before Wednesday’s Report
The enterprise data management specialist will unveil its fiscal first quarter 2027 performance after trading concludes on May 27. The Street anticipates revenues around $1.32 billion, translating to roughly 27% annual expansion. This projection edges out the 25.7% revenue acceleration Snowflake delivered during the comparable period twelve months earlier. Per-share earnings are forecast at $0.32, representing a 33.3% improvement versus the prior-year quarter. During the previous reporting period, the company exceeded expectations with $1.28 billion in revenue, marking 30.1% yearly growth. Snowflake also surpassed projections for billings and EBITDA while onboarding 45 additional enterprise clients spending above $1 million per year. This premium customer segment now totals 733. Despite recent operational strength, the stock has declined approximately 22% since January. Investor concerns center on margin compression from substantial AI infrastructure spending and uncertainty about how autonomous AI agents might disrupt conventional enterprise software models. Recent weeks have witnessed a recovery, however, with shares advancing 19.3% over the trailing 30-day period. Wall Street Analyst Perspectives TD Cowen analyst Derrick Wood maintained his Buy recommendation alongside a $255 valuation target. His channel checks with ecosystem partners indicate robust quarterly performance, fueled by core data warehouse workloads, competitive customer wins, and accelerating artificial intelligence implementation. Wood is particularly focused on developments