Snowflake spikes 22% on healthy results and AI coding momentum

Sridhar Ramaswamy, CEO of Snowflake, poses in front of the company signage outside of the New York Stock Exchange on Sept. 30, 2025.NYSESnowflake shares rose 22% in extended trading on Wednesday after the data analytics software maker reported results and guidance that surpassed expectations.Here's how the company performed relative to LSEG consensus:Earnings per share: 62 cents adjusted vs. 45 cents expectedRevenue: $1.55 billion vs. $1.48 billion expectedSnowflake's revenue jumped 35% year over year in the fiscal second quarter, which ended on July 31, according to a statement. The company recorded a net loss of $191.7 million, or 55 cents per share, smaller than the net loss of $297.9 million, or 89 cents per share, one year ago.The company pointed to gains from the CoCo artificial intelligence coding agent, which now has 9,100 accounts, an increase of over 2,000 during the quarter.For the fiscal third quarter, Snowflake said it sees $1.59 billion in product revenue, above the $1.50 billion consensus among analysts polled by StreetAccount. Management pushed up its product revenue forecast for the fiscal year, calling for $6.07 billion, compared with $5.84 billion in May. It's no...