Snowflake Shares Surge 24% After Profit Beats Wall Street Estimate

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