Snowflake shares jump about 23% after second-quarter beat and guidance raise

Snowflake stock rose about 23% to $377.11 in Thursday trading on September 3, 2026, the day after it beat fiscal second-quarter estimates and raised its full-year product revenue forecast. Adjusted earnings of 62 cents a share compared with about 45 cents expected, and revenue of $1.55 billion compared with about $1.48 billion expected. The CoCo coding agent passed 9,100 accounts, which the company cited as a driver of the AI business.

• Shares up about 23% to $377.11 in Thursday trading (intraday figure)
• Adjusted EPS of $0.62 versus about $0.45 expected; revenue $1.55B versus about $1.48B expected
• Full-year product revenue guidance raised to $6.07B from $5.84B (about +36%)
• CoCo passed 9,100 accounts and CoWork reached 5,800