Snowflake Inc. (SNOW) stock falls on Q4 2026 Earnings

Snowflake Inc. (SNOW) reported fourth-quarter 2026 revenue of $1.28 billion, up 30.12% year over year, slightly above the consensus revenue estimate by about $4.19 million.

Gross profit: $857.7 million, up 31.22% year over year.

Cost of sales: $426.3 million, up 27.96% year over year.

Operating result: loss of $318.2 million, a deterioration of 17.72% versus the prior year.

Net loss attributable to common shareholders: $309.6 million, down 5.47% year over year.

Diluted EPS: -$0.90 versus an expected $0.28, a clear miss on the earnings line.

Cash from operating activities: $781.2 million, up 80.52% year over year.

Purchases of property, plant and equipment (capex): $16.1 million, up 42.49% year over year.

Cash and cash equivalents: $2.83 billion, up 7.58% year over year.

Total liabilities: $7.21 billion, up 19.6% year over year.

Market reaction: shares were down 2.06% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Snowflake Inc. Insider Trading Activity

Snowflake Inc. insiders have traded $SNOW stock on the open market 211 times in the past 6 months. Of those trades, 0 have been purchases and 211 have been sales.

Here’s a breakdown of recent trading of $SNOW stock by insiders over the last 6 months:

FRANK SLOOTMAN has made 0 purchases and 31 sales selling 1,229,293 shares for an estimated $271,253,427.
MICHAEL L SPEISER has made 0 purchases and 147 sales selling 304,446 shares for an estimated $67,763,885.
BENOIT DAGEVILLE (Founder and Chief Architect) has made 0 purchases and 14 sales selling 188,708 shares for an estimated $45,574,597.
CHRISTIAN KLEINERMAN (EVP, Product Management) has made 0 purchases and 14 sales selling 84,412 shares for an estimated $19,844,906.
VIVEK RAGHUNATHAN (SVP, Engineering and Support) has made 0 purchases and 2 sales selling 23,602 shares for an estimated $5,235,549.
EMILY HO (Chief Accounting Officer) has made 0 purchases and 3 sales selling 3,316 shares for an estimated $743,828.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Snowflake Inc. Hedge Fund Activity

We have seen 668 institutional investors add shares of Snowflake Inc. stock to their portfolio, and 699 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 17,429,208 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $3,931,157,864
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,506,542 shares (-74.2%) from their portfolio in Q4 2025, for an estimated $1,646,635,053
BLACKROCK, INC. added 4,687,999 shares (+19.9%) to their portfolio in Q4 2025, for an estimated $1,028,359,460
FMR LLC added 2,684,060 shares (+24.1%) to their portfolio in Q4 2025, for an estimated $588,775,401
JENNISON ASSOCIATES LLC added 2,519,413 shares (+27.7%) to their portfolio in Q4 2025, for an estimated $552,658,435
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 1,993,159 shares (-51.8%) from their portfolio in Q4 2025, for an estimated $437,219,358
JERICHO CAPITAL ASSET MANAGEMENT L.P. added 1,575,580 shares (+inf%) to their portfolio in Q4 2025, for an estimated $345,619,228

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Snowflake Inc. Analyst Ratings

Wall Street analysts have issued reports on $SNOW in the last several months. We have seen 13 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 12/04/2025
Keybanc issued a "Overweight" rating on 12/04/2025
Baird issued a "Outperform" rating on 12/04/2025
Wedbush issued a "Outperform" rating on 12/04/2025
Cantor Fitzgerald issued a "Overweight" rating on 12/04/2025
BTIG issued a "Buy" rating on 12/04/2025
Needham issued a "Buy" rating on 12/04/2025

To track analyst ratings and price targets for Snowflake Inc., check out Quiver Quantitative's $SNOW forecast page.

Snowflake Inc. Price Targets

Multiple analysts have issued price targets for $SNOW recently. We have seen 28 analysts offer price targets for $SNOW in the last 6 months, with a median target of $272.5.

Here are some recent targets:

Brad Reback from Stifel set a target price of $225.0 on 02/23/2026
Gray Powell from BTIG set a target price of $235.0 on 02/23/2026
Bill Katz from TD Cowen set a target price of $270.0 on 02/20/2026
Eric Heath from Keybanc set a target price of $235.0 on 02/19/2026
Ittai Kidron from Oppenheimer set a target price of $250.0 on 02/18/2026
Tyler Radke from Citigroup set a target price of $270.0 on 02/18/2026
Gregg Moskowitz from Mizuho set a target price of $220.0 on 02/17/2026