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<US>Snowflake Profit Margin Guidance for Final FQ Misses, Sinking Shr Price by ~8% After Hours; USD200M Partnership with Anthropic Revealed
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US AI data cloud service provider Snowflake (SNOW.US) has announced its results for 3FQ ending October. Its revenue rose by 28.7% YoY to USD1.213 billion, exceeding market expectations of USD1.18 billion. Snowflake expects product revenue for the last fiscal quarter ending January 2026 to range from USD1.195 billion to USD1.2 billion, up around 27% YoY, slightly higher than the market expectation of USD1.19 billion. In contrast, Snowflake's expectation of an adjusted operating profit margin of around 7% for the last fiscal quarter missed analysts' average forecast of 8.5%, sparking market concerns about the profitability of its new AI tools. Its stock price fell by 7.9% to USD244.05 in after-hours trading overnight (3rd). Snowflake also announced a USD200 million partnership with AI startup Anthropic to introduce AI agents to global enterprises. AAStocks Financial News |
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