Snowflake (SNOW) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- —
- Estimate
- $0.45
- Surprise
- —
- Score at report (before → after)
- 5.0 → 5.1/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
TrendMatrix's engine moved from Hold (5.0/10) to Sell at 5.1/10 after the report.
Coverage in the report window
- Goldman Sachs Maintains Buy on Snowflake, Raises Price Target to $436 — benzinga, 2026-09-04
Where TrendMatrix's rating stands now
TrendMatrix currently rates SNOW Sell at 5.0/10.
3 of the last 4 quarters beat the estimate. Next scheduled report: 2026-12-02.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
What argues against it
- Concentration risk — Supplier: AWS
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $339.48
- Price target
- $376.87
- Stop
- $315.77
- Upside to target
- +11.0%
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
SNOW at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $123.55B
- P/E (fwd)
- 120.8
- 52-week range
- $118.30–$384.55
- Off 52-week high
- 11.7%
- RSI (14)
- 53
- Volume vs avg
- 1.28×
- Score today
- 5.0/10