Snowflake surges 23.14% after quarterly revenue beats estimates

  • Snowflake reported quarterly results, while five major stocks drew retail-trader attention.
  • Snowflake shares jumped 23.14% after hours to $376.60 after results.
  • U.S. indexes closed higher Wednesday, led by the Dow’s 0.56% gain.

Major U.S. indexes finished Wednesday higher, with the Dow Jones Industrial Average up 0.56% at 53,061.95, the S&P 500 up 0.46% at 7,666.60 and the Nasdaq up 0.23% at 26,217.82. Snowflake fell 4.37% during regular trading to $305.84 but jumped 23.14% after hours to $376.60 after reporting second-quarter revenue of $1.55 billion, up 35% year over year and above the $1.48 billion analyst estimate. Adjusted EPS (earnings per share excluding specified items) was 62 cents, beating expectations of 45 cents. Broadcom declined 0.66% to $367.24 despite third-quarter revenue of $29.59 billion, up 86% year over year and above estimates, while AI semiconductor revenue (chip sales for artificial-intelligence workloads) surged 221% to $16.7 billion. Hewlett Packard Enterprise rose 1.89% to $51.83 before dropping 5.16% after hours to $49.15 after raising its fiscal 2026 guidance and expanding its Oracle partnership. Palantir fell 5.81% to $169.46 after a 48% August rally, while Nvidia gained 3.21% to $224.41 amid fresh AI dealmaking. Benzinga Edge Stock Rankings placed Snowflake’s Momentum score in the 94th percentile.

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