Snowflake Earnings Q1 2027 Results May 2026: $1.39B Revenue, 34% Growth, $6B AWS Deal — Is SNOW a Buy?

# Snowflake Earnings Q1 2027 Results May 2026: $1.39B Revenue, 34% Growth, $6B AWS Deal — Is SNOW a Buy?

> **Quick answer:** Yes, Snowflake beat Q1 FY2027 earnings decisively. Product revenue came in at $1.33 billion (+34% YoY), total revenue hit $1.39 billion (+33%), and EPS of $0.39 crushed analyst estimates of $0.14. A simultaneous $6 billion, 5-year AWS partnership and raised FY27 guidance of $5.84 billion sent SNOW stock up over 36% in a single session. The stock was down ~19% year-to-date before this print — now the question is whether the blowout justifies the current ~16x price-to-sales multiple.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

Snowflake delivered one of the most emphatic earnings beats of 2026 on May 27, and Wall Street responded immediately. The Snowflake earnings Q1 2027 results showed accelerating revenue growth, better-than-expected margins, and a strategic AWS deal that signals serious infrastructure commitment for the AI era. SNOW stock added more than 36% in a single session — its largest one-day move in years. Here is everything you need to know about the numbers, the deal, and whether SNOW is actually worth buying at these levels.

## Snowflake Q1 FY2027 Earnings: The Numbers That Moved Markets

The headline figures from Snowflake's Q1 FY2027 report (quarter ended April 30, 2026) were uniformly strong: