Snowflake urgently clarifies executive overreach remarks, reiterates Q3 and full-year revenue guidance

On Monday, Snowflake reiterated its revenue guidance for the third quarter and the full year of fiscal 2026 in a filing. Previously, an executive from the company made unauthorized comments about the company's future performance during an interview. The interview content was published by an Instagram account named "theschoolofhardknockz" and related platforms. In an 8-K filing submitted to regulators, Snowflake stated: "The executive is not the company's designated spokesperson for financial information disclosure, and the related comments should not be used as a basis for investment decisions." It is reported that the company's initial revenue guidance was released on August 27. According to U.S. Generally Accepted Accounting Principles, third-quarter product revenue is expected to be between $1.125 billion and $1.130 billion (with market expectations at $1.18 billion); the full fiscal year 2026 product revenue is expected to be $4.395 billion (with market estimates at $4.61 billion). As of the time of publication on Monday before the U.S. stock market opened, Snowflake's stock price had risen over 1%