Snowflake (SNOW) Q3: Persistent $294m Net Loss Tests High-Growth Premium Narrative

Simply Wall St.12-05

Snowflake (SNOW) just posted Q3 2026 results that put revenue at about $1.2 billion with basic EPS of roughly -$0.87, keeping the focus firmly on scale over bottom line. The company has seen quarterly...

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The company has seen quarterly...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nyse-snow/snowflake/news/snowflake-snow-q3-persistent-294m-net-loss-tests-high-growth\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake (SNOW) Q3: Persistent $294m Net Loss Tests High-Growth Premium Narrative</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake (SNOW) Q3: Persistent $294m Net Loss Tests High-Growth Premium Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-05 16:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/software/nyse-snow/snowflake/news/snowflake-snow-q3-persistent-294m-net-loss-tests-high-growth><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Snowflake (SNOW) just posted Q3 2026 results that put revenue at about $1.2 billion with basic EPS of roughly -$0.87, keeping the focus firmly on scale over bottom line. The company has seen quarterly...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nyse-snow/snowflake/news/snowflake-snow-q3-persistent-294m-net-loss-tests-high-growth\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1951198990.SGD","symbol_name":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","start_time":0,"source_url":"https://simplywall.st/stocks/us/software/nyse-snow/snowflake/news/snowflake-snow-q3-persistent-294m-net-loss-tests-high-growth","article_id":"2589898276","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/275004592-main-header/1756230721922"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/software/nyse-snow/snowflake/news/snowflake-snow-q3-persistent-294m-net-loss-tests-high-growth","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589898276","pubTimestamp":1764923718,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Snowflake (SNOW) just posted Q3 2026 results that put revenue at about $1.2 billion with basic EPS of roughly -$0.87, keeping the focus firmly on scale over bottom line. 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The company has seen quarterly revenue move from about $942 million in Q3 2025 to $1.2 billion in Q3 2026, while basic EPS has stayed in negative territory over the same stretch, underscoring that growth is still coming with heavy margin pressure. See our full analysis for Snowflake. With the latest numbers on the table, the next step is to compare this print with the prevailing narratives around Snowflake's growth, margins, and long term trajectory to see which storylines still hold up and which start to look stretched. See what the community is saying about Snowflake NYSE:SNOW Earnings & Revenue History as at Dec 2025 AdvertisementRevenue Nears 4.4 Billion Trailing  On a trailing twelve month basis, revenue is about $4.4 billion, up from roughly $3.2 billion a year earlier, while trailing net losses widened from about $1.0 billion to $1.3 billion over the same span. Analysts' consensus view leans on strong platform demand, but this growth comes with clear trade offs:\n     Consensus highlights accelerating adoption from AI and analytics workloads, and the data backs that up with revenue growing roughly $1.2 billion over the last year, yet losses also expanded by more than $300 million. The same consensus points to future operating leverage. However, the trailing loss of about $1.3 billion against $4.4 billion of revenue shows that scale has not yet translated into bottom line improvement.    Losses Stay Above 1.3 Billion  Trailing twelve month net income is about negative $1.3 billion, and over the last five years losses have grown at roughly 19.1 percent per year, with forecasts still not calling for profitability within the next three years. Bears argue that heavy investment is not quickly converting into profitability, and the current figures give them plenty to point to:\n     Critics highlight that quarterly net losses remain close to $300 million per quarter, with Q3 2026 at about negative $294 million, which lines up with the long running pattern of deep red ink. The forecast for continued losses over at least three more years reinforces the bearish view that Snowflake may need much more time, and possibly more capital, before earnings turn positive.    Skeptics watching losses stay above $1.3 billion may want to see how the most cautious analysts frame Snowflake's path forward. 🐻 Snowflake Bear Case 18.1x Sales Versus 2.5x Sector  The stock trades on a trailing price to sales ratio of 18.1 times, below its peer group at 20.8 times but well above the broader US IT industry at 2.5 times, and the current $234.77 share price also sits above a DCF fair value of about $164.85. Supporters focus on faster growth to justify this premium, yet the numbers create a mixed setup for the bullish narrative:\n     Consensus narrative leans on forecast revenue growth of roughly 18.9 percent per year, faster than the US market at 10.6 percent, which can help rationalize a high multiple, but not necessarily one so far above sector norms. The gap between the $234.77 share price and the $164.85 DCF fair value shows that even with strong growth assumptions, one valuation framework still points to a meaningful downside from here.     Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Snowflake on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. See the numbers differently? In just a few minutes, you can map out your own take on Snowflake's story and share it with the community, Do it your way A great starting point for your Snowflake research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision. See What Else Is Out There Snowflake’s rapid revenue growth comes with widening losses, lofty sales multiples, and no clear path to profitability. As a result, its valuation can appear stretched relative to its fundamentals. If you want ideas with more grounded pricing and upside potential right now, use our these 912 undervalued stocks based on cash flows to focus on companies where cash flow and valuation line up more convincingly.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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