Back to top

Image: Bigstock

Snowflake (SNOW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Read MoreHide Full Article

Snowflake Inc. (SNOW - Free Report) reported $1.14 billion in revenue for the quarter ended July 2025, representing a year-over-year increase of 31.8%. EPS of $0.35 for the same period compares to $0.18 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of +5.51%. The company delivered an EPS surprise of +34.62%, with the consensus EPS estimate being $0.26.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Snowflake performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Remaining performance obligations: $6.9 billion compared to the $6.84 billion average estimate based on four analysts.
  • Customers with trailing 12-month product revenue greater than $1 million: 654 compared to the 634 average estimate based on two analysts.
  • Revenue- Product revenue: $1.09 billion versus $1.04 billion estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +31.5% change.
  • Revenue- Professional services and other revenue: $54.47 million versus the 11-analyst average estimate of $45.82 million. The reported number represents a year-over-year change of +37.7%.
  • Non-GAAP Product Gross Profit: $833.63 million versus the nine-analyst average estimate of $780.76 million.
  • Non-GAAP Professional Services and Other Revenue Gross Profit (Loss): $1.66 million compared to the $1.67 million average estimate based on eight analysts.
  • GAAP Product gross profit: $788.18 million versus the two-analyst average estimate of $744.86 million.
  • GAAP Professional Services and Other Revenue Gross Profit (Loss): $-15.03 million compared to the $-13.38 million average estimate based on two analysts.

View all Key Company Metrics for Snowflake here>>>

Shares of Snowflake have returned -11.2% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Snowflake Inc. (SNOW) - free report >>

Published in