Snowflake Shares Surge 36% After Hours on Strong Earnings, $6 Billion Amazon AI Deal
Snowflake (SNOW) shares jumped about 36% in after-hours trading Wednesday after the cloud data company posted fiscal first-quarter results that beat analyst estimates and raised its full-year revenue guidance. The rally was further fueled by a multi-year, $6 billion infrastructure deal with Amazon Web Services (AMZN) — the largest such commitment Snowflake has ever made.
The agreement underscores surging enterprise demand for AI and data workloads running on AWS. Snowflake, which was founded on AWS 11 years ago, has now surpassed $7 billion in lifetime sales and recorded more than $2 billion in calendar-year revenue in 2025, with transaction growth more than doubling year over year.
In a separate announcement, Snowflake said it had acquired Natoma, an enterprise platform built on Anthropic’s Model Context Protocol (MCP) that helps securely connect AI agents to data sources and tools. MCP, introduced by Anthropic, is designed to give AI models the right context, permissions and policy guardrails needed to operate safely inside corporate environments.
“Agents don’t just need access to data… they need the right context, permissions and policy guardrails to operate safely inside the enterprise,” said Sridhar Ramaswamy, Snowflake’s CEO.
For the quarter ended in April, Snowflake reported total revenue of $1.39 billion, up 33% year over year and ahead of the $1.32 billion consensus. Product revenue came in at $1.33 billion, a 34% increase. Adjusted earnings per share were $0.39, topping the $0.32 estimate, according to data from Fiscal.ai.
“AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey,” Ramaswamy added.
Looking ahead, Snowflake guided second-quarter product revenue to $1.42 billion, representing 30% growth from a year earlier. The company also raised its full-year product revenue outlook to $5.8 billion, up from its prior forecast of $5.7 billion.
On Stocktwits, retail sentiment turned “extremely bullish” with “extremely high” message volumes. One user noted the upcoming Snowflake Summit, which will feature Anthropic’s CEO as a keynote speaker, and said the stock’s upward trend still has room to run.
Despite the post-earnings surge, SNOW stock is down 21.4% year to date.
Read More:CRM Stock Dips After-Hours As Q2 Revenue Outlook Marginally Misses Expectations
For updates and corrections, email newsroom[at]stocktwits[dot]com. Shashank Nayar has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice.