Snowflake is scheduled to report fiscal Q2 2027 results after the close on September 2, 2026, with consensus estimates pointing to revenue near $1.48 billion and non-GAAP EPS of about $0.45, both reflecting roughly 29% year-over-year growth. Traders will focus on product revenue trends, consumption patterns, and any acceleration in AI-related workloads following strong prior-quarter beats and guidance raises tied to Cortex Agents, CoCo platform adoption, and dynamic model routing features released earlier in 2026. Recent announcements, including the CrowdStrike integration on Marketplace, Reuters data availability, and the Observe acquisition for AI-powered observability, underscore enterprise momentum in data and AI use cases. Management commentary on net revenue retention, remaining performance obligations, customer expansion beyond 13,900 accounts, and forward guidance will be closely scrutinized given the stock’s elevated valuation and history of positive surprises.