Snowflake reports Q2 revenue up 35% YoY to $1.55B, vs. $1.48B est., and forecasts Q3 and FY 2027 product revenue above estimates; SNOW jumps 22%+ after hours (MarketWatch)

Snowflake reported second-quarter revenue of $1.55 billion, a 35% year-over-year increase that beat the $1.48 billion estimate, and projected third-quarter and full-year product revenue that exceeds analysts’ forecasts. The strong earnings lifted Snowflake’s shares more than 22% in after-hours trading.