Cloud analytics firm Snowflake lifts annual product revenue forecast; shares jump 13%
Snowflake raised its forecast for fiscal 2026 product revenue on Wednesday, banking on strong demand for its data analytics services, as enterprises prioritize artificial intelligence spending.
Shares of the company were up 13% in extended trading.
Snowflake is benefiting from the acceleration in AI software adoption and higher spending from enterprises looking to modernize data infrastructure.
