Snowflake Inc Stock Price, News & Analysis

Snowflake (NYSE: SNOW) has appointed Bill Scannell to its Board of Directors, effective May 7, 2025. Scannell, currently serving as President of Global Sales and Customer Operations at Dell Technologies, brings nearly four decades of experience leading go-to-market strategy and global growth across 180 countries. Under his leadership, Dell's customer-facing teams have become one of the most successful and customer-focused organizations across industries.

Snowflake CEO Sridhar Ramaswamy emphasized that Scannell's appointment comes at a crucial time as the company continues to focus on empowering enterprises to leverage data and AI capabilities. Scannell, who holds a Bachelor of Science degree in business management from Northeastern University, expressed enthusiasm about contributing to Snowflake's mission in the AI era.

Snowflake (NYSE: SNOW) announced significant expansion of its AI Data Cloud for Manufacturing, with a special focus on automotive solutions. The company reported impressive growth metrics since April 2023, including a 416% increase in Data Application and Data Collaboration initiatives, 185% increase in Analytics deployments, and 188% growth in Data Science solutions.

The platform currently serves 80% of major automotive OEMs, including notable clients like CarMax, Nissan, and Subaru of New England. Snowflake's automotive solutions focus on five key areas: data integration across the automotive lifecycle, scalable platform for connected vehicle data, revenue opportunities through data monetization, AI/ML capabilities for advanced analytics, and supply chain optimization.

The company's expansion addresses four major automotive industry trends: connected and software-defined vehicles, autonomous driving, electrification, and advanced manufacturing (Industry 4.0). The platform enables collaboration across the automotive ecosystem while maintaining security and governance standards.

Snowflake (NYSE: SNOW), the AI Data Cloud company, has scheduled the release of its Q1 FY2026 financial results for May 21, 2025, after U.S. markets close. The company will host a conference call at 3 p.m. Mountain Time to discuss the results.

Investors can join via phone at (833) 470-1428 (Access code: 692434), with separate dial-in numbers available for international participants. The call will be webcast on Snowflake's Investor Relations website, with an audio replay accessible for 30 days after the event.

Snowflake (NYSE: SNOW) and Enterprise Strategy Group released the 'Radical ROI of Generative AI' report, surveying 1,900 business and IT leaders across nine countries. 92% of early AI adopters reported positive returns on investment, with organizations seeing an average return of $1.41 for every dollar spent.

The study reveals that 98% of respondents plan to increase AI investments in 2025. However, 58% of organizations struggle with making their data AI-ready. Key challenges include data integration (64%), governance enforcement (59%), and quality monitoring (59%).

Regional ROI variations were significant, with Australia/New Zealand achieving 44% returns, while Japan and France saw lower returns at 30% and 31% respectively. The report highlights that 80% of respondents are fine-tuning AI models with proprietary data, though 71% acknowledge that effective model training requires multi-terabytes of data.

Snowflake (NYSE: SNOW) has achieved Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization on AWS GovCloud US-West, enabling the company to handle highly sensitive Controlled Unclassified Information for DOD and related agencies. The authorization extends to all military services including Army, Navy, Air Force, Space Force, Marine Corps, Coast Guard, and Combatant Commands.

Alongside this milestone, Snowflake launched Snowflake Public Sector, Inc., a dedicated U.S. Public Sector subsidiary focusing on Federal, Defense, State and local government, and education entities. The platform will support critical operations including financial management, enterprise business operations, logistics & supply chain, cybersecurity, and Open Source Intelligence (OSINT).

Snowflake (NYSE: SNOW) has announced enhanced support for Apache Iceberg™ tables, combining open format flexibility with enterprise-grade performance. The innovation allows organizations to manage their data in an open, interoperable format while leveraging Snowflake's platform capabilities.

Key features include:

• Lakehouse Analytics with the same compute engine as Snowflake's native format
• Search Optimization Service and Query Acceleration Service for Iceberg tables
• Comprehensive security and governance with built-in business continuity
• Secure data sharing technology extended to Iceberg tables

Notable customers implementing these innovations include Illumina, Komodo Health, Medidata, and WHOOP. Snowflake's commitment to open source is evidenced by 35% of its acquisitions over the last four years being companies that strengthen open data ecosystems.

Snowflake (NYSE: SNOW) has appointed Mike Gannon as its new Chief Revenue Officer, effective March 14, 2025, following the retirement announcement of current CRO Chris Degnan. Gannon, who previously served as President of Americas Sales at VMware by Broadcom, brings a decade of experience leading high-caliber sales teams in competitive markets.

Chris Degnan, Snowflake's first salesperson, helped grow the company to $3.4 billion in revenue in the last fiscal year. At VMware, Gannon was responsible for integrating GTM functions into Broadcom and incorporating the Professional Services team. His prior experience includes sales leadership roles at EMC and Isilon Systems.

Snowflake (NYSE: SNOW) has announced its seventh-annual user conference, Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco. The event will feature a headline fireside chat between OpenAI CEO Sam Altman and Snowflake CEO Sridhar Ramaswamy discussing AI and data innovation.

The conference, positioned as the premier event for data, AI, and applications, will be Snowflake's largest user conference to date, featuring:

• Over 500 breakout sessions across 15 tracks
• 200 on-site partners
• 36 hands-on labs
• Three major keynotes
• Seven industry-specific AI Data Cloud sessions

The event will showcase how enterprises can leverage Snowflake's trusted data platform for AI-driven innovation, offering technical certifications, platform demonstrations, and the Snowflake Startup Challenge finale with up to $1M in potential investment opportunities.

Prodapt has launched OneFibreData, a new application powered by Snowflake (SNOW) designed for fibre broadband providers. The solution integrates data from multiple sources including cloud, on-premises, and APIs to create scalable data ecosystems.

The application promises to generate insights 2x faster, enabling more efficient operations and improved customer experiences. Key features include faster data mart development, simplified querying, and enhanced reporting & visualization capabilities, setting the foundation for actionable data analytics and AI workflows.

CityFibre's Director of Information Architecture highlighted that the solution enables AI deployment at scale earlier than expected. The platform leverages Snowflake's Data Cloud platform combined with Prodapt's system integration expertise, particularly beneficial for Telecom operators with multi-geo, multi-cloud environments.