{"slug": "snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost", "title": "Snowflake climbs after Q1 results top expectations, guidance gets a boost", "summary": "Snowflake shares surged 30% in after-hours trading Wednesday after the cloud database company reported first-quarter revenue of $1.39 billion and adjusted earnings of $0.39 per share, both exceeding analyst estimates. The company raised its full-year product revenue guidance to $5.84 billion and announced plans to acquire Natoma, an AI agent integration platform, as it doubles down on its artificial intelligence strategy.", "body_md": "# Snowflake climbs after Q1 results top expectations, guidance gets a boost\n\nShares of [Snowflake](https://robinhood.com/us/en/stocks/SNOW/?source=sherwood) are surging after the company beat Wall Street’s projections in its latest earnings report, delivering on its AI thesis, with Q1 revenue up 33%.\n\nIt also announced an acquisition of an AI agent platform.\n\nSnowflake stock soared 30% in after-hours trading. It that move were to hold on Thursday, it would more than erase Snowflake’s nearly 20% decline so far this year.\n\n**Here are the numbers:**\n\nRevenue of $1.39 billion in the first quarter (compared to analyst estimates of $1.32 billion).\n\nAdjusted earnings per share of $0.39 (estimate: $0.32).\n\nFull-year product revenue guidance for 2027 of $5.84 billion, up from previous guidance of $5.66 billion (estimate: $5.67 billion).\n\nSnowflake is a cloud-based database company — essentially allowing businesses to mine their data for insights, charging for compute and storage along the way.\n\nThe company's stock has fallen this year as the company manages competition from hyperscalers like [Amazon](https://robinhood.com/us/en/stocks/AMZN/?source=sherwood) Web Services as well as the high cost of AI-related build out as they double-down on AI-tools.\n\nLast year, Snowflake — which now calls itself \"the AI Data Cloud company\" —[ announced](https://sherwood.news/markets/snowflake-sinks-as-weak-margin-forecast-overshadows-q3-beat/) $200 million deal to power its agentic AI with Anthropic's Claude.\n\nAlongside its Q1 earnings, Snowflake also announced it has signed an [agreement](https://investors.snowflake.com/news/news-details/2026/Snowflake-Announces-Intent-to-Acquire-Natoma-Providing-Secure-Connectivity-For-The-Agentic-Enterprise/default.aspx) to purchase [Natoma](https://www.snowflake.com/en/blog/snowflake-acquire-natoma-governed-agentic-access/), a platform for securely integrating AI agents with data, like Snowflake's. Terms of the deal weren’t disclosed.\n\n“AI agents will only become enterprise-ready if organizations can govern how they operate across systems, applications and tools,” said Pratyus Patnaik, Co-Founder and CEO of Natoma. “Together with Snowflake, we’re building the governance and connectivity layer that enables enterprises to securely operationalize AI at scale.”", "url": "https://wpnews.pro/news/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost", "canonical_source": "https://sherwood.news/markets/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost/", "published_at": "2026-05-27 20:26:52+00:00", "updated_at": "2026-05-27 20:49:21.536104+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-products", "ai-tools", "ai-agents", "ai-infrastructure"], "entities": ["Snowflake", "Amazon", "Anthropic", "Amazon Web Services"], "alternates": {"html": "https://wpnews.pro/news/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost", "markdown": "https://wpnews.pro/news/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost.md", "text": "https://wpnews.pro/news/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost.txt", "jsonld": "https://wpnews.pro/news/snowflake-climbs-after-q1-results-top-expectations-guidance-gets-a-boost.jsonld"}}