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
- Adjusted EPS
- —
- Estimate
- $0.45
- Surprise
- —
- Revenue (period 2026-07-31)
- $1.55B
- Score at report (before → after)
- 5.0 → 5.1/10
Revenue source: xbrl.
How the report landed
TrendMatrix's engine moved from Hold (5.0/10) to Sell at 5.1/10 after the report.
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
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2)
- Sector modifier (Technology): -0.8
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
- $334.00
- Price target
- $391.17
- Stop
- $310.62
- Upside to target
- +17.1%
- Reward-to-risk
- 1.9:1
Model outputs from TrendMatrix’s engine as of 2026-09-24 — 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
- $118.12B
- P/E (fwd)
- 111.1
- 52-week range
- $118.30–$384.56
- Off 52-week high
- 13.1%
- RSI (14)
- 35
- Volume vs avg
- 0.50×
- Score today
- 5.0/10