Snowflake Projects 27¢ Q4 EPS and $1.25B Revenue as AI Adoption Accelerates
Snowflake forecasts Q4 EPS of 27¢ on $1.25B revenue, following a Q3 beat of 35¢ vs. 31¢ consensus and $1.21B revenue. Its Snowflake Intelligence AI agent achieved the fastest adoption ramp in company history, underscoring investor focus on AI-driven growth metrics.
1. Q4 Earnings Forecast and Historical Trends
Snowflake expects Q4 earnings per share of 27¢ on revenue of $1.25 billion, aiming to extend its streak of beats after topping Q3 estimates with 35¢ EPS versus a 31¢ consensus and $1.21 billion revenue versus $1.18 billion. The company has exceeded both earnings and revenue forecasts in each of the last four quarters, reinforcing its track record of consistent outperformance.
2. AI Adoption and Growth Strategy
The Snowflake Intelligence enterprise AI agent reached the fastest adoption ramp in company history, driving real-time, actionable intelligence for businesses. Strategic partnerships with leading AI model providers, cloud platforms and application ecosystems position Snowflake to integrate AI-driven capabilities across the data lifecycle and validate its long-term growth strategy.
3. Technical Outlook and Momentum Indicators
Technically, the stock trades 12.4% below its 20-day moving average and 29.8% below its 100-day moving average, with a February death cross where the 50-day average fell below the 200-day average. A low momentum score of 15.27 highlights potential resistance in the near term, suggesting investors should monitor support levels closely.