Snowflake Shares Surge 24% on 62-Cent Profit Beat vs. 45-Cent Estimate

Snowflake shares jumped over 24% in premarket trading on September 3, 2026, after quarterly adjusted profit came in at 62 cents per share — 17 cents above the 45-cent Wall Street consensus, per Reuters. The company also raised its annual product revenue forecast, citing enterprise AI demand. A 24% gap-up from the August 25 close of $322.78 implies a price near $400.