News Summary

• CEO Sridhar Ramaswamy believes the shift could make data more valuable — not less.
• Snowflake sees its extensive customer data footprint, combined with access to leading AI models, as a key advantage.
• For the third quarter, Snowflake expects product revenue of $1.588 billion to $ 1.593 billion, up about 37.5% year over year.
• It projects an adjusted operating margin of 15.5%, up from its previous forecast of 13.5%.