🟢 Snowflake is trading 23.4% up in pre-market after Q2 product revenue beat and guidance raise

Snowflake is trading 23.4% up in pre-market at $377.50 after exceeding expectations with fiscal Q2 2027 product revenue of $1.49 billion.

• Product revenue rose 37% year over year.
• Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion.
• Non-GAAP operating-margin guidance increased to 14.5%, reflecting strong AI-driven growth and an improved outlook.