Snowflake stories

Sep 2, 2026

Snowflake shares surge 22% on strong earnings despite bookings miss

Snowflake's stock jumped 22% in after-hours trading following second quarter fiscal 2027 results that beat expectations on revenue, profit, and guidance. However, one metric—bookings—fell short of analyst expectations, raising questions about future growth momentum.

Sep 2, 20263 sources

Aug 19, 2026

AI model routing services emerge as Stripe acquires OpenRouter and Ramp launches Router

Stripe agreed to acquire AI model router startup OpenRouter for a reported $7.5 billion, while corporate expense platform Ramp launched its own competing routing service called Router. Snowflake also announced dynamic model routing capabilities within its Cortex AI Gateway.

Aug 19, 20264 sources

Jul 22, 2026

Glow emerges from stealth at $1.2 billion valuation with $180 million in funding

Cybersecurity startup Glow, founded by former Meta and Snowflake executives, launched as a unicorn with $180 million raised, focusing on AI-era endpoint security for enterprises.

Jul 22, 20262 sources

Top claims

▪Snowflake's CoCo artificial intelligence coding assistant reached 9,100 accounts, adding more than 2,000 accounts during the fiscal second quarter ending July 31, 2026.
▪Snowflake stated in its earnings release that remaining performance obligations are not necessarily indicative of future product revenue growth because the metric does not account for the timing of customer consumption.
▪Snowflake reported non-GAAP operating income of $237.0 million, representing a 15.3% margin, and non-GAAP net income of $235.3 million for the fiscal second quarter ending July 31, 2026.

Topics

Revenue growth Stock market performance Cloud data platforms Enterprise software Earnings reports AI tools & products AI startups AI model routing Enterprise AI infrastructure Meta Venture capital funding Cybersecurity Enterprise AI security Endpoint security AI security