Snowflake, Inc. (SNOW) on Wednesday announced third-quarter fiscal 2026 results for the period ended October 31, 2025, reporting a net loss of $293.9 million, or $0.87 per share, compared to $324.2 million, or $0.98 per share, last year.
Management attributed the strong quarter to escalating customer adoption of its AI-ready Data Cloud platform, fueling both consumption and contract growth.
Total revenue reached $1.21 billion, up 29 percent year-over-year, supported by product revenue of $1.16 billion, also up 29 percent.
The company said its net revenue retention rate stood at 125 percent, and it counted 688 customers with trailing 12-month product revenue over $1 million, plus 766 customers among the Forbes Global 2000, underscoring robust enterprise demand.
SNOW closed Wednesday at $265, up 2.05%, and traded after hours at $244.15, down 20.85% on the NYSE.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.