Business
Snowflake shares surge toward record gain after earnings beat, raised outlook, and $6 billion AWS collaboration expansion
Snowflake Inc. reported better-than-expected quarterly earnings and raised its full-year outlook, while announcing a $6 billion commitment to deepen its partnership with Amazon Web Services (AWS), sending its stock toward a historic single-day gain.
Earnings and Guidance
The cloud data platform posted product revenue growth driven by accelerating artificial intelligence adoption, exceeding analyst estimates. Management raised its forecast for the current fiscal year, signaling sustained momentum from enterprise AI workloads.AWS Collaboration Expansion
The $6 billion multi-year commitment expands Snowflake’s existing agreement with Amazon.com Inc.’s cloud unit, AWS. The partnership aims to integrate Snowflake’s data platform more deeply with AWS infrastructure, allowing customers to run AI and analytics workloads across the combined ecosystem.Stock Performance
Snowflake’s shares climbed sharply in after-hours trading, on track for their largest percentage gain as a public company. The move follows a period of investor skepticism about the company’s growth trajectory, which now appears to be reversing as AI-related demand accelerates.Market Context
As of May 27, 2026:- United States dollar to Russian ruble: 70.90 RUB (change: -0.77)
- Euro to Russian ruble: 82.72 RUB (change: -0.58)
- Bitcoin: $74,354 (24-hour change: -1.9%)
- Crude oil: approximately $72 per barrel (estimated)