Search





Search





AnalysisStocks

Snowflake Shares Surge 35% After Hours. $6 Billion Expansion of Partnership With Amazon AWS, First-Quarter Revenue Jumps 33%

TradingKey

AuthorAndy Chen

May 27, 2026 9:28 PM

AI Podcast

View all comments（0）



Snowflake shares surged following Q1 FY2027 earnings and a new partnership with Amazon AWS. Revenue reached $1.39 billion, up 33% year-over-year, with net revenue retention at 126% and RPO at $9.21 billion. The company provided strong guidance for Q2, forecasting an adjusted operating margin of 12.5% and product revenue between $1.415 billion and $1.42 billion. Snowflake also announced its acquisition of AI startup Natoma and a strategic cooperation agreement with AWS, committing $6 billion in infrastructure spending over several years to accelerate enterprise AI adoption.

AI-generated summary

Tradingkey - Snowflake ( SNOW) Following the announcement of its new partnership with Amazon AWS and its first-quarter earnings report, the company's shares surged over 35% in after-hours trading; as of press time, they remained up 33% at $233.10.

5-d4f528226c4447ccafd2348bc226139c

On the news front, Snowflake released its first-quarter results for fiscal 2027. The company reported revenue of $1.39 billion, up 33% year-over-year. Net revenue retention was 126%. Additionally, remaining performance obligations (RPO) reached $9.21 billion, up 38% year-over-year. The company has 779 customers with trailing 12-month product revenue exceeding $1 million, a 29% increase year-over-year.

At the same time, Snowflake provided strong guidance, forecasting a second-quarter adjusted operating margin of 12.5% and product revenue between $1.415 billion and $1.42 billion. Both figures exceeded market expectations of 11.9% and $1.37 billion.

7-3ef6d0f0869e41bb93e8d4ceffec7b37

In addition, Snowflake stated it would acquire AI startup Natoma, though the deal's value was not disclosed.

More significantly, Snowflake announced a multi-year strategic cooperation agreement with Amazon Web Services (AWS) to accelerate the application of enterprise AI agents. Snowflake committed $6 billion in infrastructure spending to AWS over several years, marking its largest single investment to date.

Specifically, Snowflake will purchase services and technology from AWS over a five-year period. Snowflake plans to expand its use of Amazon Graviton general-purpose chips and cloud GPUs for AI.

Snowflake CEO Sridhar Ramaswamy stated: "AI has sparked an unprecedented industry craze, but for enterprises, the real challenge and opportunity lie in turning intelligence into action. Snowflake is entering the era of the agentic enterprise, where AI systems no longer just answer questions, but help companies reason with trusted data, coordinate workflows, and create tangible business value. Through our partnership with AWS, we are enabling enterprises to bring AI directly to governed data environments, accelerating the pace of innovation, improving operational transparency, and achieving measurable business impact at scale."

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

View Original

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Marvell Technology First-Quarter Revenue Rises 28% Year-on-Year; After-Hours Stock Price Jumps Over 10% to Hit Record High

Tradingkey - On May 27, Eastern Time, Marvell Technology (MRVL) released its fiscal first quarter 2027 financial results during post-market trading, reporting revenue that exceeded market expectations. During the period, Marvell’s Q1 revenue reached a record high of $2.418 billion, compared to $1.89

Dow Jones Hits Record High. AI Tech Theme Recedes, JPMorgan Expects Consumer Staples Stocks to Rebound

Tradingkey - On May 26, Eastern Time, the three major U.S. stock indices showed divergent performance. The Dow Jones Industrial Average hit an intraday record high of 50,830.41, while the Nasdaq Composite and the S&P 500 turned lower. Although U.S. equities have staged a strong broad-based rebound over the past two months, the performance gap between the three indices remains significant. The Nasdaq Composite has led the market with a cumulative gain of approximately 27%, followed by the S&P 500 with an 18% increase over the same period. The Dow Jones has shown relative weakness, rising only 12% during this interval and significantly lagging behind the other two major indices.

Iran-U.S. MOU Details Disclosed. Gold Drops to $4,400 Mark Hitting New Low Since March 30; Two Major Crude Oil Futures Weaken

Tradingkey - According to Iranian sources, a "preliminary informal document" regarding a Memorandum of Understanding (MoU) framework between Iran and the United States has been disclosed. The content covers the Strait of Hormuz, regional military deployments, and arrangements for future agreements. Driven by the de-escalation of geopolitical tensions, gold prices dropped to their lowest levels since late March. Both major crude oil benchmarks plunged: WTI crude futures hit a low of $87.77 per barrel, the lowest since April 22, while Brent crude fell to a low of $94.17 per barrel.

Nvidia Rival Cerebras Systems Jumps More Than 10% After Cathie Wood Boosts Stake

Tradingkey - AI chipmaker Cerebras Systems (CBRS) shares rose, gaining more than 10% at one point to reach a high of $266.7. As of press time, the stock remains up 8.7% at $262.75. Renowned Wall Street investor Cathie Wood, founder and CEO of ARK Invest—often referred to as the "female Warren Buffett"—has significantly increased her stake in Cerebras Systems. Despite the stock’s post-listing retracement, Wood opted to buy the dip, signaling firm confidence in the long-term explosive potential of the company’s unique "wafer-scale" AI chip technology.

After Trillion-Dollar Market Cap, Micron Rises Another 8% Pre-Market. By Contrast, Nvidia Stock Price Seems Slightly Dim.

TradingKey - US storage stocks rallied in pre-market trading, with Micron Technology (MU) expanding its gains to 8%, once again drawing market attention.

Featured Tools