Snowflake (SNOW) Stock News

Snowflake has announced Snowflake Openflow, a revolutionary multi-modal data ingestion service that enables seamless data movement and integration across enterprise ecosystems. Powered by Apache NiFi, this service allows users to connect to virtually any data source and supports AI innovation through pre-built and extensible connectors. The solution addresses the $15B market opportunity by eliminating fragmented data stacks and simplifying data integration. Key features include hundreds of ready-to-use connectors for platforms like Box, Google Ads, and Salesforce, support for both structured and unstructured data, and streaming capabilities with up to 10GB/second throughput. Additional innovations include native dbt Projects integration, expanded Apache Iceberg table support, and Snowpipe Streaming. Major partners including Adobe, Microsoft, Oracle, and Salesforce have endorsed the platform, highlighting its potential to accelerate AI-powered innovations and data integration.

Snowflake (NYSE: SNOW) announced its intent to acquire Crunchy Data, a leading provider of trusted open source Postgres technology, to introduce Snowflake Postgres to the AI Data Cloud. This strategic acquisition, targeting a $350 billion market opportunity, will enable developers to build and deploy secure, compliant AI agents and applications with enterprise-grade PostgreSQL database capabilities. Crunchy Data's technology brings FedRAMP compliance and robust security features, addressing the growing demand for production-ready Postgres solutions, with PostgreSQL being used by 49% of developers. The integration will benefit existing customers like Blue Yonder and LandingAI, complementing Snowflake's Unistore capabilities. Snowflake Postgres will be available in private preview soon, pending regulatory approvals and customary closing conditions.

Snowflake (NYSE: SNOW) announced that Canva, the visual communication platform with over 230M monthly active users and $3B in annualized revenue, is leveraging Snowflake's AI Data Cloud to enhance user experience and drive B2B growth. Canva is using Snowflake's platform to accelerate feature delivery, optimize marketing operations, and personalize design experiences. The partnership has been crucial for Canva's transformation from a startup to a global enterprise solution, now serving major corporations like Salesforce, HP Inc, and Expedia. Key implementations include powering enterprise expansion through optimized B2B sales, accelerating roadmap delivery with data-driven development, enabling personalized experiences through unified user data, optimizing marketing ROI across global markets, and enhancing customer segmentation using AI integrations. Canva is also testing Snowflake's Cortex Analyst for advanced data infrastructure capabilities.

Qlik has announced native support for Snowflake-managed Apache Iceberg tables at Snowflake Summit 2025, enhancing data pipeline capabilities for Snowflake customers. The integration introduces key features including native streaming to Snowflake-managed Iceberg tables through Qlik Talend Cloud, Qlik Open Lakehouse optimization and mirroring, one-click data products with in-Snowflake quality execution, and Knowledge Mart for RAG on Snowflake Cortex. These advancements aim to reduce latency, optimize storage and compute efficiency, and accelerate AI-powered applications development. The new capabilities enable real-time data streaming, automated optimization, and AI-ready architectures for faster, more cost-effective insights. Currently available in private preview, general availability is expected in July 2025.

Snowflake (NYSE: SNOW) has announced a three-year partnership as the Official Data Collaboration Provider for the LA28 Olympic and Paralympic Games and Team USA. Through its AI Data Cloud platform, Snowflake will enable critical data collaboration functions including:

- Athletes' training data management and health records centralization - Fan engagement through personalized interactions - Enhanced LA28 Games planning and delivery - Secure data collaboration capabilities

The partnership aims to make LA28 the most technologically advanced and data-driven Olympic and Paralympic Games in history. Snowflake's platform will help Team USA centralize critical information while delivering personalized fan experiences at scale through its flexible software architecture.

Snowflake (NYSE: SNOW) reported strong Q1 FY2026 financial results with product revenue reaching $996.8 million, up 26% year-over-year. The company maintained a healthy net revenue retention rate of 124% and expanded its high-value customer base to 606 customers with trailing 12-month product revenue exceeding $1 million, representing 27% growth. Snowflake now serves 754 Forbes Global 2000 customers. Remaining performance obligations grew 34% year-over-year to $6.7 billion. The company's non-GAAP operating income was $91.7 million with a 9% margin. For Q2 FY2026, Snowflake projects product revenue between $1,035-$1,040 million, maintaining 25% growth. The full-year FY2026 guidance targets product revenue of $4,325 million, also representing 25% year-over-year growth.

Snowflake (NYSE: SNOW) has appointed Bill Scannell to its Board of Directors, effective May 7, 2025. Scannell, currently serving as President of Global Sales and Customer Operations at Dell Technologies, brings nearly four decades of experience leading go-to-market strategy and global growth across 180 countries. Under his leadership, Dell's customer-facing teams have become one of the most successful and customer-focused organizations across industries.

Snowflake CEO Sridhar Ramaswamy emphasized that Scannell's appointment comes at a crucial time as the company continues to focus on empowering enterprises to leverage data and AI capabilities. Scannell, who holds a Bachelor of Science degree in business management from Northeastern University, expressed enthusiasm about contributing to Snowflake's mission in the AI era.

Snowflake (NYSE: SNOW) announced significant expansion of its AI Data Cloud for Manufacturing, with a special focus on automotive solutions. The company reported impressive growth metrics since April 2023, including a 416% increase in Data Application and Data Collaboration initiatives, 185% increase in Analytics deployments, and 188% growth in Data Science solutions.

The platform currently serves 80% of major automotive OEMs, including notable clients like CarMax, Nissan, and Subaru of New England. Snowflake's automotive solutions focus on five key areas: data integration across the automotive lifecycle, scalable platform for connected vehicle data, revenue opportunities through data monetization, AI/ML capabilities for advanced analytics, and supply chain optimization.

The company's expansion addresses four major automotive industry trends: connected and software-defined vehicles, autonomous driving, electrification, and advanced manufacturing (Industry 4.0). The platform enables collaboration across the automotive ecosystem while maintaining security and governance standards.

Snowflake (NYSE: SNOW), the AI Data Cloud company, has scheduled the release of its Q1 FY2026 financial results for May 21, 2025, after U.S. markets close. The company will host a conference call at 3 p.m. Mountain Time to discuss the results.

Investors can join via phone at (833) 470-1428 (Access code: 692434), with separate dial-in numbers available for international participants. The call will be webcast on Snowflake's Investor Relations website, with an audio replay accessible for 30 days after the event.