NYSE:SNOW 14 January 2026 - 27 February 2026

Snowflake shares fell 1.9% after hours Thursday, reversing part of a 2.3% gain during the regular session. The company reported fourth-quarter product revenue up 30% to $1.23 billion and a 42% jump in contracted backlog. Guidance topped estimates but signaled slower growth, with fiscal 2027 product revenue forecast at $5.66 billion. Snowflake also disclosed two $200 million AI deals and a $600 million acquisition of Observe.

Snowflake shares slipped 0.6% premarket to $168.22 after forecasting FY2027 product revenue of $5.66 billion and Q1 product revenue of $1.262–$1.267 billion. For the quarter ended Jan. 31, product revenue rose 30% to $1.23 billion. Remaining performance obligations reached $9.77 billion, up 42%. The company added 740 net new customers and ended with 733 customers generating over $1 million each.

Snowflake shares dropped 8.6% to $157.60 Monday, holding near that level after hours ahead of Wednesday’s earnings report. The company announced an expansion of its Cortex Code CLI and a new monthly subscription outside its core model. BTIG cut its price target to $235 from $312. U.S. software stocks broadly declined amid concerns over AI-related spending shifts.

Snowflake shares fell 1.5% to $206.16 Wednesday, extending losses after Barclays downgraded the stock and cut its price target to $250, citing valuation and rising competition. Trading volume dropped sharply from the previous day. Key U.S. economic data releases are due Thursday, with Snowflake’s earnings report expected next month.

Snowflake shares fell 5% to $209.39 in after-hours trading Tuesday after Barclays downgraded the stock and cut its price target to $250, citing valuation concerns and rising competition. Wall Street is now watching Snowflake’s March 4 earnings for signs of enterprise tech spending.