Snowflake Inc.'s stock surged more than 11% on Thursday, reaching its highest level in over a year following the company's announcement of first quarter results that exceeded analyst expectations.
The data cloud provider announced fiscal first quarter 2026 revenue of $1.04 billion, representing a 26% increase from $828.7 million in the previous year, surpassing the LSEG estimate of $1.01 billion. This marks a milestone for the company, which launched its IPO in 2020, as its first quarter exceeding $1 billion in revenue.
Snowflake shares were up 11.15% at 12:29 am ET to sell for $198.82.
