“`html
Snowflake Inc. (SNOW) is experiencing a significant growth trajectory in the enterprise data sector, with the Zacks Consensus Estimate for total customers in its fiscal third quarter forecasted at 12,482, representing a 17.6% increase year-over-year. The company’s strategic partnerships with major cloud providers such as Microsoft Azure, Amazon Web Services (AWS), and Google Cloud have facilitated this expansion, particularly among large enterprises which now total 686 contributing over $1 million in trailing revenue.
As of year-to-date, Snowflake shares have risen by 66.5%, significantly outpacing the broader Zacks Computer & Technology sector’s 4.4% growth. However, the company faces increasing competition from Amazon and Alphabet, which are significantly enhancing their cloud data and AI capabilities.
The consensus for Snowflake’s earnings for fiscal 2026 is projected at $1.17 per share, indicating a year-over-year increase of 40.96%, albeit a slight downward revision over the past 30 days.
“`
