Snowflake (cloud data company)SnowflakeSnowflakequarterly / fiscal quarterjìdù季度revenue / earningsyínɡshōu营收to exceed / to surpasschāochū超出expectations / forecastyùqī预期，and / alsobìng并withyǔ与AmazonYàmǎxùn亚马逊to sign / to concludeqiānshǔ签署$6 billion60 yì měiyuán60亿美元agreement / dealxiéyì协议。
May 29, 2026 at 8:00 AM
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BusinessSnowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal
Cloud data company Snowflake reported first-quarter revenue of $1.39 billion, up 33 percent year-on-year. The company simultaneously announced it will invest $6 billion in Amazon cloud services over five years.
Cloud data company Snowflake released its fiscal year 2027 first quarter financial report on May 28. The company's quarterly revenue reached 1.39 billion dollars, exceeding analyst expectations. Product revenue was 1.33 billion dollars, growing 34 percent year-over-year. Adjusted earnings per share was 39 cents, higher than market forecasts. Meanwhile, Snowflake announced a five-year 6 billion dollar partnership agreement with Amazon cloud services. Both parties will focus on advancing enterprise-level artificial intelligence workloads. The agreement will utilize Amazon Graviton chips and artificial intelligence GPU technology. Following the announcement, the company's stock price surged nearly 37 percent after-hours trading. The company also raised full-year product revenue guidance to 5.84 billion dollars.
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