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Snowflake Inc. (SNOW) will release its third-quarter fiscal 2026 results on December 3. The Zacks Consensus Estimate for earnings is steady at 31 cents per share, indicating a year-over-year growth of 55%. The consensus for revenues is pegged at $1.18 billion, reflecting an increase of 25.39% from the same quarter last year.
As of fiscal Q2 2026, Snowflake reported a net revenue retention rate of 125% and a 19% year-over-year growth in its customer base, reaching 12,062 customers. The company anticipates product revenues for Q3 fiscal 2026 between $1.125 billion and $1.13 billion, achieving a year-over-year growth between 25% and 26%. The Zacks Consensus Estimate suggests an increase to 12,483 total customers, representing 421 net new customers in the upcoming quarter.
Snowflake’s stock has risen 62.7% year-to-date, outperforming the Zacks Computer & Technology sector (up 27.2%) and the Zacks Internet Software industry (up 6.9%).
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