Snowflake Reaffirms Outlook After Executive's Social Media Remarks

Snowflake (SNOW) is setting the record straight after an executive's off-the-cuff comments on social media caused a stir. The company reaffirmed Monday that its official revenue outlook for the third quarter and full fiscal year 2026 hasn't changed, following an interview posted by an Instagram account called theschoolofhardknockz.

In the video, the executive discussed Snowflake's future results but the company quickly clarified that the person wasn't authorized to speak for the firm. The officer is not a designated spokesperson authorized to disclose financial information, Snowflake said in an 8-K filing, adding that investors should disregard the statements.

The cloud data platform reiterated its guidance issued in late August: third-quarter product revenue between $1.125 billion and $1.13 billion (versus Wall Street's $1.18 billion consensus) and full-year FY26 product revenue around $4.395 billion (below the $4.61 billion estimate).

Investors seemed unfazed Snowflake shares rose 2.5% in premarket trading after the clarification, signaling confidence that the social media flap won't derail the company's outlook.