Snowflake Stock Surges 40% on $6B Amazon Deal, Strong Earnings

Author: Işıl Şahin…

Snowflake Stock Surges 40% on $6B Amazon Deal, Strong Earnings

Data warehousing company Snowflake reported a strong earnings beat and announced a massive $6 billion partnership with Amazon's AWS unit, sending its stock up nearly 40% in after-hours trading.

Earnings Beat Expectations

For the quarter ending April 30, Snowflake reported adjusted earnings of 39 cents per share, above the 32 cents forecast. Revenue jumped 33% year-over-year to $1.39 billion, topping estimates of $1.3 billion.

AWS Deal Steals the Show

The expanded partnership with AWS includes a $6 billion commitment over five years for AI infrastructure, seen as a major vote of confidence from the cloud giant.

Impacted Symbols

Symbols affected by this headline and their sentiment signals

SNOWPositive

Snowflake Inc.

The company's stock surged nearly 40% due to strong earnings and a major partnership with Amazon, indicating a direct and significant positive impact.

Impact score95%

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