Snowflake (NYSE: SNOW) looks increasingly attractive following its December pullback, as its third-quarter results point toward robust momentum heading into 2026. The company’s performance aligns with a broader trend of accelerating adoption of cloud-based and AI-enabled services by businesses and enterprises, as evidenced by results from Salesforce (NYSE: CRM) and Guidewire Software (NYSE: GWRE).
Snowflake, as a data-centric service, is well-positioned for this trend, and its positioning was reflected in its earnings results. Revenue grew at an above-consensus 28.4%, and internal metrics, such as retention rates, remaining performance obligations, and client growth, all point to accelerating business for Snowflake in the upcoming quarters.
