SNOW

Snowflake's stock price has been impacted by several events over the past six months. In November 2024, the stock saw a significant jump following its Q3 FY2025 earnings report, which beat expectations due to AI workload consumption. In December 2025, the stock plunged due to a deceleration in product revenue growth and cautious Q4 guidance. In February 2026, the company reported an earnings beat for Q4 FY2026, but also reported a net loss for the full fiscal year. The abrupt departure of CRO Mike Gannon in March 2026 caused a stock decline. In April 2026, the stock fell due to macro and sector headwinds, including a "tariff-panic week," an AI software selloff, and disappointing earnings from ServiceNow and IBM, as well as a shareholder class action lawsuit. In May 2026, persistent insider selling kept institutional confidence fragile, while an upbeat report from Datadog sparked a rally in Snowflake shares.