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Here's What Key Metrics Tell Us About Snowflake (SNOW) Q3 Earnings

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Snowflake Inc. (SNOW - Free Report) reported $1.21 billion in revenue for the quarter ended October 2025, representing a year-over-year increase of 28.8%. EPS of $0.35 for the same period compares to $0.20 a year ago.

The reported revenue represents a surprise of +2.68% over the Zacks Consensus Estimate of $1.18 billion. With the consensus EPS estimate being $0.31, the EPS surprise was +12.9%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: $7.88 billion compared to the $7.46 billion average estimate based on five analysts.
  • Customers with trailing 12-month product revenue greater than $1 million: 688 versus the two-analyst average estimate of 686.
  • Revenue- Product revenue: $1.16 billion compared to the $1.13 billion average estimate based on 10 analysts. The reported number represents a change of +28.7% year over year.
  • Revenue- Professional services and other revenue: $54.53 million versus the 10-analyst average estimate of $52.7 million. The reported number represents a year-over-year change of +30.4%.
  • Non-GAAP product gross profit: $879.17 million compared to the $915.73 million average estimate based on eight analysts.
  • Non-GAAP professional services and other revenue gross profit (loss): $1.16 million versus $1.78 million estimated by seven analysts on average.
  • GAAP product gross profit: $837.57 million versus the two-analyst average estimate of $798.98 million.
  • GAAP professional services and other revenue gross loss: $-15.53 million compared to the $-14.79 million average estimate based on two analysts.

View all Key Company Metrics for Snowflake here>>>

Shares of Snowflake have returned -2.2% over the past month versus the Zacks S&P 500 composite's -0.1% 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.

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