2026 Q2 Earnings Season: Snowflake's revenue exceeded expectations, increasing by 35% last quarter, with AI revenue showing a "significant leap"; Microsoft breaks 15 years of tradition by disclosing Azure; Broadcom's AI revenue is expected to reach 230 billion yuan by 2028.
Snowflake, a leading AI data cloud provider, delivered a financial report that exceeded market expectations in both performance and guidance. More importantly, Snowflake has raised its annual guidance for fiscal year 2027. In the second quarter, Snowflake's product revenue was $1.492 billion, a year-over-year increase of 37%, which was higher than the 35% growth rate of total revenue. The comprehensive upward revision of guidance was the most direct "trigger point" for after-hours trading. Snowflake's recent increase in its full-year guidance was quite significant.