India, Sept. 4 -- Snowflake Inc. (NYSE: SNOW) has just reported a quarter that did not just exceed expectations but rewrote them. The reason behind this is the accelerated product revenues by 37% on an annual basis and raised guidance to $6.07 billion for the entire year, which resulted in over 20% gain in one day.

The third-quarter of 2026 was yet another record-breaking quarter for Snowflake, with their earnings on September 2 showing that it had seen three successive quarters where their product revenues had accelerated despite being valued over $120 billion. According to the company's management, AI-based products, Cortex, CoCo and CoWork, were responsible for almost 50% of this growth.

Snowflake Stock Price Today

By Thursday, Sept...