Why SNOW rose 23.4% on Sep 3 2026: earnings report
SNOW+23.4%on Thu Sep 3 2026
Snowflake Inc. was up 23.4% on the day at $377.50, ranked #10 on 8.6× its usual five-minute volume, when TapeRank recorded this spike at 04:09 ET during the pre-market session.
WHAT THE ROW LOOKED LIKE
LAST377.50
DAY▲ 23.4%
5 MIN▼ 0.40%
5M RVOL8.6×
5M $VOL$2.6M
FLOAT*346.6M
RANK#10
SESSIONPRE-MARKET
* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
AI VERDICT
JUSTIFIEDCONFIDENCE3/5
Snowflake is up sharply pre-market after reporting fiscal Q2 results via 8-K, with volume running 7.7x normal for this hour confirming genuine order flow around the print. A 23% gap on an earnings release is large but consistent with the kind of reaction growth software names see on a significant beat-and-raise quarter.
WHYA full quarterly earnings release is a substantial, market-moving catalyst, and a 23% pre-market move is within the range such a report can justify if results and guidance meaningfully exceeded expectations.
ANALYZED 04:09 ET · <1 MIN AGO · ANTHROPIC/CLAUDE-SONNET-5
FILINGS · 24H BEFORE THE MOVE
SESSION LEVELS AT CAPTURE
VWAP379.85
HOD379.50
LOD377.50
OR HIGH—
OR LOW—
PREV CLOSE305.84
PM HIGH379.50
PM LOW377.50
GAP▲ 23.43% (indicated)
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO