"Snowflake's Q4 results reflect a business still growing at a compelling pace, with full-year FY2026 revenue reaching $4.68 billion, up 29.2% year-over-year, and gross margins holding firm above 67%. The operating loss trajectory is improving, but the company remains deeply unprofitable on a GAAP basis."
"Multiple law firms including Rosen Law and Robbins LLP filed securities class action lawsuits on February 25, 2026, alleging misstatements related to product efficiency features and their impact on revenue. A lead plaintiff deadline of April 27, 2026 keeps this story active in the near term."
Snowflake completed fiscal year 2026 with record quarterly revenue and full-year revenue of $4.68 billion, representing 29.2% year-over-year growth with gross margins exceeding 67%. Despite strong top-line performance, the stock fell nearly 20% in one month and 23% year-to-date. The company remains unprofitable on a GAAP basis, with improving but still negative operating losses. Multiple law firms filed securities class action lawsuits on February 25, 2026, alleging misstatements regarding product efficiency features and their revenue impact. A lead plaintiff deadline of April 27, 2026 maintains litigation as an active concern. Investors should monitor FY2027 guidance and management's litigation response.
Read at 24/7 Wall St.
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