Why Snowflake Stock Rocketed Higher Today

Snowflake stock surged approximately 20% after delivering strong Q2 fiscal 2027 results that beat analyst expectations. The company reported $1.55B in revenue (up 35% YoY) and $0.62 adjusted EPS (up 77%), exceeding consensus estimates. Snowflake raised its full-year 2027 guidance to $6.07B and provided optimistic Q3 guidance, demonstrating that AI developments are accelerating rather than hindering its business growth.