Snowflake Stock Drops 5% After Earnings Beat and Raised FY27 Guidance
SNOW shares fell about 5% after a 17% earnings surge, framed as profit-taking rather than a broader sector selloff, while peer Datadog (DDOG) was nearly flat and the overall market moved little. Snowflake reported Q2 FY2027 results with non-GAAP EPS of $0.62 and revenue of $1.55B, and raised FY27 product revenue and margin guidance, with the stock still up on the week.