Snowflake Inc. (NYSE:SNOW) is among the Prime AI and Know-how Shares to Purchase Based on Hedge Funds. On December 3, the corporate launched its monetary outcomes for Q3 2026, with income coming at $1.21 billion, reflecting 29% YoY progress amidst 29% YoY progress in product income to $1.16 billion.
Snowflake Inc. (NYSE:SNOW)’s product income rose $258.1 million and $726.6 million for 3 and 9 months ended October 31, 2025 on a YoY foundation, respectively, primarily due to increased consumption of its platform by present prospects. That is evidenced by the web income retention price of 125% as of October 31, 2025. The corporate noticed an working lack of $329.4 million in Q3 2025 in comparison with $365.4 million in Q3 2024, amidst a rise in complete working bills of ~16.7% YoY to $1.15 billion and a better gross revenue.
As of October 31, 2025, Snowflake Inc. (NYSE:SNOW)’s RPO got here at $7.9 billion, of which it anticipates ~48% to be acknowledged as income within the 12 months ending October 31, 2026 contemplating the historic buyer consumption patterns. For This fall 2026, the corporate expects product income of between $1,195 million – $1,200 million, reflecting a progress of 27% on a YoY foundation. The corporate expects a non-GAAP working margin of seven%.
In a unique replace, on December 8, Citi decreased its worth goal on the corporate’s inventory to $300 from $310, whereas maintaining a “Purchase” score.
Snowflake Inc. (NYSE:SNOW) provides a cloud-based information platform for numerous organizations within the US and internationally.
Whereas we acknowledge the potential of SNOW as an funding, we consider sure AI shares supply larger upside potential and carry much less draw back threat. In case you’re on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
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Disclosure: None. This text is initially revealed at Insider Monkey.
