Snowflake stock is not falling today; in fact, it surged over 20% recently after reporting strong Q2 2026 earnings and raising guidance for the next quarter. The company beat Wall Street expectations with revenue hitting $1.1 billion, up 32% year over year, and adjusted earnings of $0.35 per share, which was above the forecast of $0.27. This positive earnings report has fueled optimism about Snowflake's growth potential, especially given its role in AI-related data projects, leading to a significant stock price increase rather than a fall today.
If there are specific intraday fluctuations or after-hours declines (small dips like around 1-2%), they appear minor compared to the recent strong upward trend and earnings-driven surge.
Thus, Snowflake stock is currently rising rather than falling today, primarily due to strong earnings results and positive future outlooks.
