What was Snowflake's revenue in Q1 2026?

Snowflake's revenue reached $6 billion in Q1 fiscal 2026, beating analyst expectations.

Why did Snowflake stock surge 30%?

The stock surged due to strong Q1 results beating expectations, a $6 billion AWS deal, and raised full-year guidance.

What are the details of Snowflake's deal with AWS?

Snowflake announced a $6 billion strategic partnership with AWS to enhance cloud computing and data analytics capabilities.

Snowflake Surges 30% on $6B AWS Deal, Strong Q1 Results

Q: Did Snowflake raise its annual guidance?

Yes, Snowflake raised its full-year fiscal 2026 revenue guidance, expecting stronger growth than previous estimates.

Snowflake reported Q1 2026 results exceeding analyst expectations, with shares surging 30% following a $6 billion AWS collaboration and raised full-year guidance.

Snowflake Inc. (NYSE:SNOW) reported first-quarter results for fiscal 2026 that exceeded analyst expectations, sending shares up 30% in after-hours trading. The surge was fueled by a $6 billion strategic partnership with Amazon Web Services (AWS) and an upward revision of full-year guidance.

Key Financial Results

Metric	Q1 2026	Analyst Estimates
Revenue	$6 billion	Beat
Net Income	Not disclosed	-
EPS	Not disclosed	-

Note: Exact revenue and profit figures were not detailed, but the company confirmed it exceeded expectations.

Highlights from the Release

Snowflake announced a $6 billion collaboration with AWS to enhance cloud computing and data analytics capabilities. The company also raised its full-year revenue guidance, signaling management's confidence in sustained growth.

Future Guidance

Snowflake raised its full-year fiscal 2026 revenue guidance, expecting stronger growth than previous estimates. Specific figures were not provided.

Stock Impact

Snowflake (SNOW) shares surged 30% in after-hours trading, reflecting investor optimism over the strong results and the AWS deal.

What This Means for Investors

Snowflake's strong results and AWS partnership reinforce its leadership in cloud data analytics. The raised guidance points to positive growth prospects, but investors should monitor intense competition in the sector.