Snowflake Inc. (NYSE: SNOW) reported Q3 2026 financial results with revenue of $1.21 billion, a 29% YoY growth, and product revenue at $1.16 billion, also growing 29% YoY. Product revenue rose to $258.1 million and $726.6 million for 3 and 9 months ending October 31, 2025, with an operating loss of $329.4 million in Q3 2025.

As of October 31, 2025, Snowflake’s RPO stood at $7.9 billion, expecting 48% to be recognized as revenue by October 31, 2026. For Q4 2026, product revenue is projected to be between $1,195 million – $1,200 million, a 27% YoY growth. Citi lowered SNOW’s price target to $300 from $310 on December 8, maintaining a “Buy” rating.

Snowflake Inc. offers a cloud-based data platform for organizations in the US and internationally. While SNOW shows investment potential, other AI stocks may offer better upside. For an undervalued AI stock with growth potential, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Snowflake (SNOW) Releases Financial Results for Q3 2026