Snowflake Q3 FY2026 Earnings Beat: $1.21B Revenue, $200M Anthropic AI Deal and $2B AWS Milestone Can’t Stop SNOW Stock Slide
Snowflake reported Q3 revenue of $1.21 billion, up 29% and above estimates, with adjusted EPS of $0.35. Shares fell after hours as the company projected a drop in operating margin to 7% for Q4, citing increased AI investment. Snowflake also announced new partnerships with Anthropic, AWS, and Accenture. The company ended the quarter with $1.94 billion in cash.