An image of the Snowflake logo on a corporate office_ Image by Grand Warszawski via Shutterstock_
Snowflake (SNOW), the cloud data company that helps businesses bring scattered data together through its Data Cloud platform, has given investors plenty to cheer about lately.
SNOW stock has enjoyed a strong run since late May, helped by growing enterprise demand for AI tools, an expanded $6 billion multiyear partnership with Amazon.com (AMZN) Amazon Web Services, and quarterly results that came in ahead of Wall Street’s expectations. But after that rally, some would be wondering whether Snowflake can keep the momentum going.
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If Snowflake has been on your watchlist, there is one date you will want to circle – Sept. 2, 2026. That’s when the company is scheduled to report its fiscal second-quarter 2027 results after the market closes. Wall Street is already looking for double-digit growth in both revenue and earnings, while management remains upbeat about the business.
And this is where earnings reports get interesting. A quarterly report is not just about looking at how the company performed. It can give investors a glimpse of what is coming next. For Snowflake stock, the Sept. 2 report could provide exactly that – making it a date investors may not want to miss.
About Snowflake Stock
Founded in 2012, Snowflake has become one of the biggest names in modern data infrastructure. Headquartered in Montana, the company operates its Data Cloud, a unified platform that helps businesses store, manage, analyze, and securely share massive amounts of data. With a market capitalization of $115.8 billion, Snowflake has become a major player in an increasingly data-driven economy.
What makes the company particularly interesting is how broadly its platform is used. Snowflake serves customers across financial services, media, retail, healthcare, manufacturing, technology, telecommunications, travel, and the public sector. In other words, wherever businesses rely heavily on data to make decisions, Snowflake has an opportunity to play a role. The company is also pushing aggressively into artificial intelligence (AI), making AI a bigger part of its growth story.
Snowflake stock has gone from being a laggard to one of the more interesting cloud names on the market this year. The first few months of 2026 were fairly quiet for SNOW, but the stock price performance has improved significantly. Shares have jumped 123% over the past three months and gained 96% over the past six months.
The turnaround becomes even clearer when we look at the lows. SNOW touched a 52-week low of $118.30 in April and has since surged 181.6% from that level. That rally has pushed the stock 72.72% higher over the past 52 weeks, while shares recently touched a three-year high of $341.95. And year-to-date (YTD), SNOW is up 52%.
Technically, the chart suggests investors may want to expect some cooling after such a powerful run. The 14-day RSI is 80.38, putting the stock in overbought territory. The MACD oscillator signals bullishness, with the MACD line above the signal line and the histogram in positive territory. So, momentum is clearly strong, but the stock may be due for a breather.
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At first glance, Snowflake’s valuation looks expensive, with shares trading at 172.63 times forward adjusted earnings and 19.04 times sales. However, both multiples remain below the company’s five-year averages. With strong revenue growth expected this year and next, along with new enterprise deals potentially adding momentum, growth-focused investors may still find the premium valuation reasonable.
A Snapshot of Snowflake’s Q1 Results
Snowflake’s first-quarter numbers for fiscal 2027, released in May, were nothing short of impressive. The company’s non-GAAP EPS grew 62.5% year-over-year (YOY) to $0.39 on revenue of $1.39 billion, which rose 33.5% YOY. Both figures came in ahead of Wall Street’s expectations. More importantly, the growth was still being driven by strong consumption across Snowflake’s core platform.
Product revenue remained the star of the show, reaching $1.33 billion, or about 96% of total revenue. Professional services and other revenue contributed another $56.6 million, up 25.1% annually. Management also described the quarter as an important step forward for its AI strategy, pointing to faster adoption of first-party AI products alongside continued demand for its core platform. Products such as Cortex Code and Snowflake Intelligence are helping the company expand usage among its existing customer base.
Furthermore, Snowflake is working to make its ecosystem harder for enterprises to ignore. The company expanded its relationship with AWS through a new $6 billion multi-year agreement and signed a definitive agreement in May 2026 to acquire Natoma, aimed at strengthening secure connections for AI agents across enterprise tools and workflows.
The customer numbers tell another encouraging part of the story. Snowflake ended the quarter with 13,912 customers, adding 616 net new customers, including 13 Forbes Global 2000 companies. Meanwhile, its net revenue retention rate stood at 126%, showing that existing customers continued to expand their spending. Remaining performance obligations rose 37.7% to $9.2 billion, providing further visibility into future revenue.
The balance sheet remains another strength. As of April 30, Snowflake had $2.08 billion in cash and cash equivalents and $870.3 million in short-term investments. It generated $243.2 million in operating cash flow during the quarter, while adjusted free cash flow came in at $265.5 million.
For fiscal 2027, management raised its product revenue outlook to $5.84 billion, representing 31% YOY growth, and lifted its full-year non-GAAP operating margin target to 13.5%. It also maintained expectations for a 75% non-GAAP product gross margin and a 23% adjusted FCF margin. With AI adoption accelerating, the next test is whether Snowflake can turn that enthusiasm into sustained consumption growth.
For Q2, Snowflake expects product revenue between $1.415 billion and $1.42 billion, implying roughly 30% annual growth, with a non-GAAP operating margin of 12.5%.
Analysts tracking Snowflake predict its Q2 revenue to be around $1.48 billion, while loss for the quarter is expected to narrow 36.3% YOY to $0.51 per share. For fiscal 2027, per-share loss is anticipated to be $1.84, shrinking by 44.9% YOY and then narrowing by another 8.2% annually to $1.69 in fiscal 2028.
What Do Analysts Expect for Snowflake Stock?
Evercore ISI is feeling more upbeat about Snowflake, recently raising its price target to $360 while keeping an “Outperform” rating. The brokerage firm expects Snowflake to beat its second-quarter fiscal revenue guidance by about 300 to 400 basis points, with Wall Street likely looking for the high end.
Evercore says early CoCo momentum is now better reflected in guidance, pointing to a more normal beat this quarter. Its partner survey also signals another solid beat-and-raise quarter. The brokerage firm expects Snowflake to modestly lift second-half guidance and deliver further margin expansion. Investors will also watch how CoCo and Cortex demand affects consumption and gross margins.
Snowflake has a consensus “Strong Buy” rating overall. Of the 45 analysts covering the stock, 36 advise a “Strong Buy,” three recommend a “Moderate Buy,” five suggest a “Hold,” and the remaining one gives a “Strong Sell” rating.
The stock currently trades above the mean price target of $303.95. The Street-high target price of $500 for Snowflake implies the stock could rally as much as 49.9%.
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On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
If it fails that, it moves to an exclusion screen that uses five ratios – operating asset intensity, expense intensity, cash flow, fair value intensity, and capital dependence – to make the final call.
A company becomes ineligible for index inclusion if it fails four out of the five test ratios.
MSCI’s description of the so-called non-operating companies not fit for index inclusion reads like a checklist of bitcoin treasury firms without naming one.
Companies that “create value by accumulating and holding non-operating assets,” generate little cash from actual operations, and depend on outside capital rather than their own business to grow, MSCI explained. Companies not currently in the index face the stricter thresholds based on their latest single filing.
An earlier consultation, opened in October 2025, targeted “digital asset treasury” firms, specifically those holding 50% or more of assets in bitcoin or other cryptocurrencies. That proposal named 39 companies, triggering crypto market volatility and industry backlash. The proposal was ultimately deferred.
Nothing is decided yet
MSCI has invited feedback from market participants through Sept. 30, and the results will be announced roughly two weeks later, on Oct. 16.
It has said that any resulting changes would be folded into the November 2026 index review, if the proposal is adopted at all.
Wall Street isn’t waiting around! Despite the CLARITY Act being stalled until September, the bigger hands are moving ahead with their crypto ambitions.
Here’s the breakdown.
NASDAQ files for standardised crypto ETF listings
Nasdaq is asking the SEC to make it easier to launch options on crypto-backed ETFs. Under the proposed rule change, certain ETFs holding “digital commodities” could qualify for options listings based on a set of standard requirements. This would essentially negate the separate approval process each time.
Interestingly, this comes at a time of limbo for the industry, with the CLARITY Act being delayed at the Senate. AMBCrypto previously reported that the SEC also has plans for a “Regulation Crypto” agenda. This would be a framework for tailored rules around certain cryptocurrency investment contracts.
The plan will offer the industry much needed immediate clarity, as the act itself lies in wait.
While others sell, Blackrock stays
It’s also worth noting that institutional interest in Bitcoin is nowhere close to slowing down.
BlackRock’s Robert Mitchnick recently stated that BTC’s decoupling from equities is a healthy development. The argument is that its performance during July’s AI-led pullback means it is a great portfolio diversifier and potential hedge.
That view can also be evidenced by the ETF flows. Over the last 24 hours alone, BlackRock’s Bitcoin ETF saw enough buying from clients to outweigh the combined selling from several other major funds. Including those linked to Fidelity, ARK, and VanEck.
Source: Arkham Intelligence
This contrast is peculiar, but important. Even though regulation is on shaky ground, some of the biggest names in TradFi are still treating Bitcoin as an asset worth holding.
Final Summary
Nasdaq is pushing to streamline crypto ETF options as the CLARITY Act remains stalled.
Blackrock has continued to back BTC despite other funds selling.
The results of the Democratic primary delivered a blow to the progressive wing of the party, but also to Polymarket and Kalshi—popular prediction market platforms that had gained a near-infallible reputation after accurately forecasting the outcome of every state in the 2024 presidential election.
Polymarket and Kalshi event contracts on the outcome of the Wisconsin governor’s primary aligned with the sentiments of traditional polling firms, which had predicted an easy win for progressive candidate Francesca Hong. Both platforms gave Francesca Hong roughly a 95% chance of winning, but when the votes were counted, her rival, David Crowley, prevailed by less than half a percentage point.
The surprise loss led Polymarket to delete one of its more boastful posts on X, which said Hong had a 96% chance of winning the primary, despite Hong’s lack of endorsements from prominent Democratic socialists such as Bernie Sanders and Alexandria Ocasio-Cortez.
In response to criticism of the market’s accuracy, Kalshi’s founders argued that the outcome did not, on its own, invalidate the forecast. In a social media post, Kalshi CEO Tarek Mansour said the 95% probability assigned to Hong still implied that the underdog had roughly a one-in-20 chance of winning—a low-probability outcome, but one the market had explicitly allowed for. “5% is not 0%,” wrote Kalshi founder Luana Lopes Lara.
The misstep comes as prediction markets are increasingly seen as a complement to traditional polls and surveys for forecasting elections and other real-world events. Their credibility surged in the final stretch of the 2024 presidential campaign and in the aftermath of Election Day, when Polymarket and Kalshi were widely credited with giving Donald Trump an edge in a race that many conventional polls portrayed as a tossup. Their influence has since extended to mainstream media, with CNN naming Kalshi its official prediction-markets partner and Dow Jones planning to incorporate Polymarket data across The Wall Street Journal, Barron’s and MarketWatch.
Yet Crowley’s victory this week was not the first time prediction markets had mispriced an election, though the probabilities in those cases left more room for an upset. In June, Kalshi and Polymarket gave reality-TV personality Spencer Pratt about a 75% chance of advancing from Los Angeles’s nonpartisan mayoral primary to the general election. He instead finished third. The month before, Kalshi gave Rep. Thomas Massie a similar chance of winning the Republican primary in Kentucky’s 4th Congressional District. Massie lost to Trump-backed challenger Ed Gallrein.
For some, however, this week’s result was a reminder that prediction markets are not foolproof substitutes for polls. They are forecasting tools, not crystal balls. Statistician and political forecaster Nate Silver made that point in a recent social media post. “I think prediction markets are cool. But people should stop treating them as magic, and I don’t think they’re a good substitute for polls, or belong in models,” he said.
On August 6, Carlisle Companies Incorporated (NYSE:CSL) announced that its Board of Directors approved a 14% increase in its regular quarterly dividend. The dividend will rise from $1.10 to $1.25 per share, which works out to $5.00 annually.
The increase also makes Carlisle a “Dividend King.” This group includes US publicly traded companies that have increased their annual dividends for at least 50 consecutive years. Fewer than 60 listed companies currently have that record, so Carlisle is now part of a fairly exclusive group of dividend-paying companies.
Carlisle Companies Incorporated (CSL)’s New Dividend King Status Comes With Higher Expectations
Bull Case: Strong Results Give Carlisle Room to Raise Its Dividend
The latest dividend increase comes at a time when Carlisle Companies Incorporated (NYSE:CSL)’s business is performing well. That makes the increase more meaningful than simply raising the payout to keep its 50-year streak alive.
Carlisle reported record revenue of $1.6 billion in the second quarter, an 8% increase from the same period last year. Adjusted diluted EPS rose 12% to $7.03. Management also raised its full-year 2026 revenue outlook to mid-single-digit growth.
Cash generation gives the company another reason to remain confident about its dividend. In the first six months of 2026, Carlisle generated $199.6 million in operating cash flow from continuing operations and $129.6 million in free cash flow. It also returned $590 million to shareholders through dividends and share repurchases.
The dividend has grown at a double-digit compound annual rate since 2022. That growth has been supported by pricing power in Carlisle’s construction-materials businesses, tighter cost controls and changes to the company’s portfolio under its Vision 2030 strategy.
Bear Case: Falling Free Cash Flow Is Worth Watching
The biggest concern is the decline in free cash flow. Carlisle Companies Incorporated (NYSE:CSL) generated $129.6 million in free cash flow from continuing operations during the first half of 2026, compared with $227.6 million a year earlier. That decline stands out because revenue and earnings both increased during the period.
Carlisle also spent $70 million on capital expenditures and returned $590 million to shareholders through dividends and share repurchases. With the company investing heavily across several areas, there is less room for free cash flow to support every use of capital at the same pace. The company has to balance dividends and buybacks with organic investments, acquisitions, and its Vision 2030 plans. If construction markets slow down, maintaining dividend increases in the double-digit range could become more difficult.
The Dividend King status adds another layer of pressure. Investors who see a 50-year dividend growth record may expect Carlisle to keep raising the payout every year. During a prolonged downturn, though, management could decide that protecting the balance sheet and investing in the business are more important than keeping dividend growth at its recent pace.
Comparative Valuation & Peer Context
Carlisle Companies Incorporated (NYSE:CSL) is trading at a forward multiple of 19.23x, while A. O. Smith Corporation (NYSE:AOS), a leading global water technology and manufacturing company, trades at around 15.9x to 16.5x. The gap reflects Carlisle’s transformation into a higher-margin, pure-play building products company and its new Dividend King status. AOS continues to face near-term cyclical pressure in residential and commercial water heating demand, which has weighed on its valuation.
Conclusion
Carlisle Companies Incorporated (NYSE:CSL)’s 50th consecutive dividend increase is a good sign for income investors. The 14% increase comes with record second-quarter revenue, higher earnings and a better 2026 revenue outlook, giving the company a solid base for continued dividend growth.
The bigger issue is the pace of future increases. The current $1.25 quarterly dividend looks well supported, but free cash flow has fallen from a year ago while Carlisle continues to spend on capital projects, acquisitions, buybacks and dividends.
Another 14% increase next year is possible, but it should not be taken for granted. Going forward, dividend growth will likely depend on how well earnings and free cash flow hold up, especially if conditions in the construction market become less favorable.
While we acknowledge the potential of CSL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
The audit is a step up from the quarterly attestations Tether has published for years after settling an investigation with the New York Attorney General’s office. An attestation checks specific information, such as the amount and composition of reserves at a given date. A financial audit takes a broader look at a company’s books, testing transactions, assets, liabilities, income, cash flows and the evidence supporting them.
Tether said in March that it had hired a “Big Four” accounting firm to conduct its first full audit. KPMG is one of the Big Four, the group of accounting giants that also includes Deloitte, EY and PwC and audits many of the world’s largest companies.
KPMG examined Tether’s transactions, systems, valuations, counterparties and ownership records, according to the company. Auditors also physically counted and inspected its gold bars.
Tether has repeatedly promised a full audit while relying on reserve attestations, leaving critics asking why a company of its size hadn’t undergone the same level of scrutiny common among large financial firms.
Concerns about the stability and backing of its USDT token, a key piece of infrastructure for crypto trading and markets, have surfaced from time to time as a potential systemic risk for digital assets. The recurring debate became so familiar in crypto circles that it earned its own shorthand as “Tether FUD.”
Cosmos [ATOM] has rallied 8.3% over the past 24 hours, with a 91.9% surge in daily trading volume. The uptick in volume was accompanied by speculative interest, too, but there could be a warning sign in the short-term.
Source: Coinalyze
The Open Interest has climbed 11.3% in the past 24 hours. This signaled heavy speculative activity, and the spot demand was also high, as demonstrated by the uptick in trading volume as well as the spot CVD spike in recent hours.
However, the negative funding rate was a sobering thought for the bulls. The market was betting on a price reversal, and short positions were willing to pay a fee to keep their positions open.
Here’s what the price action has to say about the upcoming ATOM trends.
Bullish moving average crossover foretells bullish ATOM momentum
Source: ATOM/USDT on TradingView
The swing move down from $2.29 to $1.21 began in late May. The structure was clearly bearish, but it does not rule out a short-term bounce.
At the time of writing, the moving averages formed a bullish crossover, and the Cosmos crypto price has also climbed above the averages.
The MACD was also climbing toward the zero line, showing weakening bearish momentum and a potential recovery higher.
While the MACD was unable to climb toward the early July highs, the CMF managed to break out past the +0.05 mark to signal strong capital inflows.
Despite the mixed signals on the daily timeframe, there was one warning sign to watch out for.
Traders’ call to action- Beware of a liquidity sweep
Source: ATOM/USDT on TradingView
The 4-hour chart’s structure was also bearish. The Fibonacci retracement levels showed that the Cosmos crypto token was trading within the golden pocket between $1.46 and $1.53.
A rejection from the $1.50 resistance zone is expected, based on this structure.
Source: CoinGlass
The 1-month liquidation heatmap also highlighted the cluster of short liquidations around the $1.50 area. The recent rally higher has swept this magnetic zone.
Based on the evidence at hand, a bearish trend continuation appeared likely. Sustained buying pressure and a rally past the $1.62 level is needed to signal a potential rally toward the psychological $2 resistance.
Final Summary
The Cosmos crypto token has rallied by just over 8% in 24 hours, with a 91.3% daily trading volume spike and an 11% Open Interest surge.
While the short-term momentum appeared bullish, ATOM would likely struggle to clear the $1.50 supply zone.
