---
title: "Software is not affected by tariffs! Snowflake's quarterly revenue exceeds $1 billion for the first time, with a focus on AI tools"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241321358.md"
description: "Benefiting from innovations in AI tools and driven by market demand, Snowflake announced a significant upward adjustment of its full-year product revenue forecast to $4.33 billion. The company also emphasized that recent adjustments in tariff policies have not had a substantial impact on its business"
datetime: "2025-05-22T00:34:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241321358.md)
  - [en](https://longbridge.com/en/news/241321358.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241321358.md)
---

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# Software is not affected by tariffs! Snowflake's quarterly revenue exceeds $1 billion for the first time, with a focus on AI tools

Under the shadow of increased tariffs in the United States, data warehouse giant Snowflake delivered a satisfactory financial report to investors. The company's Chief Financial Officer stated that the tariff adjustments have not impacted its business.

The financial report released by Snowflake on Wednesday showed that for the quarter ending in July, the company's main product revenue is expected to grow by approximately 25% to $1.04 billion, exceeding the average analyst expectation of $1.03 billion. This also marks the first time the company's quarterly operating revenue has surpassed $1 billion.

Additionally, the company raised its full-year product revenue forecast from $4.28 billion to $4.33 billion.

During the earnings call, Chief Financial Officer Mike Scarpelli clearly stated:

> In fact, we have not seen any impact on the company from the current tariff news and other events.

This statement suggests that the software industry, particularly businesses centered around data and AI, may not be immediately affected by the negative impacts of trade tensions in the short term.

Snowflake's strong performance drove the company's stock price up about 7% in after-hours trading, closing at $179.12. Notably, the stock has rebounded 37% from its low on April 4, 2025.

## Snowflake Further Invests in AI

Snowflake's optimistic outlook on performance is closely tied to its investments in the AI sector. CEO Sridhar Ramaswamy stated that the company is focused on launching new products. He reiterated that the company is committed to "lowering the barriers for customers to develop generative AI applications using large language models on the Snowflake platform."

Jefferies analyst Brent Thill pointed out that these AI tools may "significantly contribute to performance" later this year, becoming a new growth point.

Evercore ISI analyst Kirk Materne believes that Snowflake's upward guidance amid economic fluctuations "confirms the sustainability of short-term demand." As the AI product line gradually rolls out, Snowflake may occupy a more central position in the wave of enterprise digital transformation.

However, Snowflake still faces fierce competition from Databricks and cloud infrastructure providers like Microsoft and Google. Earlier this week, Microsoft announced that many customers are adopting its Fabric data product suite, which undoubtedly puts greater pressure on Snowflake

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