Snowflake (SNOW.US) urgently clarifies that executives speaking out of line, reiterates Q3 and full-year revenue guidance.

On Monday, Snowflake (SNOW.US) reiterated its revenue guidance for the third quarter and full year of fiscal 2026 in a filing. This came after an executive at the company made unauthorized comments about the company's future performance in an interview. The interview was posted on the Instagram account "theschoolofhardknockz" and other related platforms. Snowflake stated in an 8-K filing submitted to regulatory authorities: "The executive is not the company's designated spokesperson for financial disclosure, and the comments should not be used as a basis for investment decisions." The company's initial revenue guidance was released on August 27th. According to generally accepted accounting principles in the US, product revenue for the third quarter is expected to be between $1.125 billion and $1.13 billion (market expectation is $1.18 billion); and full year product revenue for 2026 is expected to be $4.395 billion (market estimate is $4.61 billion). Before the Monday stock market opening, as of the time of writing, Snowflake's stock price had increased by over 1%.